(A) Payments made for income taxes
(B) Depreciation allowances
(C) Undistributed profits
(D) The value added from intermediate goods
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
Macroeconomics is concerned with:
(A) The level of output of goods and services
(B) The general level of prices
(C) The growth of real output
(D) All of the above
Economic efficiency means:
(A Production of goods of mass consumption at lower
cost;
(B) Production of goods and services for those who
have purchasing power;
(C) Getting greatest satisfaction from available
resources ;
(D) Full employment of working force
Any point beyond PPF is:
(A) Attainable
(B) Unattainable
(C) Attainable with increase in production facilities
(D) None
The central problem of how to produce is resolved by:
(A) Demand and supply of factor inputs
(B) Demand and supply of goods;
(C) Relative prices and availability of factors of
production
(D) Government intervention
The famous book “An enquiry into the nature and causes of wealth of Nation” was written by:
(A) Adam Smith
(B) Samulson
(C) Robertson
(D) JB Say
The term “ Micro” is derived from the …….word which means……..?
(A) Latin, small
(B) Greek, small
(C) English, tiny
(D) Roman, small
Economics cannot be given the status of science because:
(A) Of non-uniformity of opinion and approach of
economist
(B) Economic behaviour of human being is
unpredictable
(C) Measuring rod of money is unstable
(D) All the three