Economics Mcqs – MCQs

4553 questions. Click to practice.

Correct options are highlighted when revealed.

1.What is the term used when a purchaser is required to pay for the goods at the moment they are delivered?

2.What does the term 'Cartel' signify?

3.What is the name given to items like machinery that are utilized in the manufacturing of products?

4.What does the term 'capital stock' refer to?

5.What is the term for the collection of goods and funds that generate future income?

6.What term describes the recurring pattern of economic phases including recession, recovery, expansion, and contraction?

7.What is the term used to describe the situation where the amount invested equals the amount returned?

8.What is the term for an extra amount paid by a company to employees beyond their regular salary or an additional gratuity payment?

9.What term is used for a stock that commands a high price due to widespread trust in its consistent history of earnings?

10.What term describes the transaction of goods or services without using money as a medium of exchange?

11.What is the name of the legal process initiated when a debtor cannot fully repay their creditors?

12.What term describes the monetary difference between a country's exports and imports over a given timeframe?

13.What approach did the World Bank create to determine exchange rates between different currencies?

14.Which of the following definitions can also be described by the term 'Account' in financial contexts?

15.Which of the following factors directly influences the supply curve?

16.Under what condition is a market considered to be in equilibrium?

17.What type of relationship is depicted when a graph shows that as the values on the horizontal axis increase, the values on the vertical axis decrease?

18.Which two elements are essential to construct a straight-line graph?

19.How can a nominal value be converted into a real value?

20.What do time series data represent?