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Basic of Economics

Free 428+ Basic of Economics MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Practise below with answers and explanations.

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Basic of Economics — MCQs for Pakistan government job tests

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Basic of Economics

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1.What term describes assets that can be quickly and inexpensively converted into cash, such as cash itself and short-term investments?

2.In contract agreements, what term describes covert payments intended to guarantee the award of the contract to a particular company?

3.What is the name of the document a seller issues to a buyer requesting payment for goods or services provided?

4.What is the term for a company's initial sale of shares to the public?

5.What type of company possesses sufficient voting shares in another business to control its management and decision-making by appointing its board of directors?

6.Which type of mutual fund mainly invests in equities that have demonstrated past capital appreciation and are expected to grow in value?

7.What is the term for a substantial payment given to a senior employee who is compelled to retire or dismissed due to a takeover or comparable event?

8.What term describes a nation's essential framework for transportation, communication, and other physical facilities?

9.What term describes the purchase of tangible assets in another country where the parent company maintains operational control?

10.What term describes a nation's choice to let its currency's value fluctuate without restrictions?

11.What is the term for long-term property owned by a company and utilized in generating its income?

12.What is the system called that EMS member countries use to keep their currency exchange rates within a mutually agreed range relative to each other?

13.Which type of bank routinely accepts deposits in foreign currencies and provides loans denominated in foreign currencies?

14.What type of investment fund is created to provide financial support to organizations like hospitals?

15.What term describes how much buyers react to changes in price?

16.What is the term for a refund on taxes or duties paid on imported products that are subsequently exported?

17.Deregulation involves decreasing government intervention in market operations. What outcome(s) can result from deregulation?

18.Which theory explains inflation caused by an excess of demand over supply, leading to rising prices?

19.What term describes the situation when government expenditures exceed its income, leading to borrowing?

20.What term describes the combination of interest payments and principal repayments made to lenders?

How to prepare with Basic of Economics MCQs

  • Work through questions topic by topic, then revisit any you answered incorrectly.
  • Read explanations carefully—they often cover facts that repeat across PPSC, FPSC, and NTS papers.
  • Pair subject practice with past papers to see how Basic of Economics appears in real exam conditions.

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