Economics Mcqs – MCQs

4553 questions. Click to practice.

Correct options are highlighted when revealed.

1.What term describes the decrease in the money supply caused by a drop in prices?

2.What term describes the money needed to buy goods and services essential for sustaining life?

3.Which type of organization is controlled by the individuals who utilize its services?

4.Who is recognized as the Father of Economics?

5.What term describes the large-scale withdrawal of financial assets from a country?

6.What does a budget deficit signify in terms of government expenditure and revenue?

7.Which term refers to a stock that is traded at a premium price?

8.What term describes the condition where a debtor fails to settle all debts owed to creditors?

9.Indonesia is the leading global exporter of which product?

10.Which product is Malaysia primarily known for exporting?

11.Which commodity is India the leading exporter of?

12.Which nation leads in the export of jute worldwide?

13.Which product is South Africa primarily known for exporting?

14.Which of the following products is the United States the leading exporter of?

15.Identify the option that does not represent an indirect tax.

16.Identify the general term used for companies in the securities sector that engage in buying, selling, and underwriting securities.

17.What term describes the difference between the value of a country's imports and exports, whether imports exceed exports or vice versa?

18.What term describes an extra fee imposed on a particular charge?

19.Which asset, established by the IMF in 1967, serves as an international reserve based on a basket of major global currencies?

20.What is the term for interest computed solely on the initial principal amount without compounding?