Economics MCQs
Economics MCQs cover foundational and advanced economic theories and models. These questions are ideal for students and candidates preparing for competitive exams like CSS and PMS. The content includes microeconomics, macroeconomics, market structures, monetary and fiscal policy, economic development, and international trade. These MCQs are structured to test conceptual clarity and real-world application of economic principles. They aid in enhancing analytical reasoning and economic problem-solving skills.
Q: Inferior goods have negative
A) Cost relation
B) Price elasticity
C) Supply effect
D) Income elasticity
✅ Correct Answer: D
Explanation: Their demand decreases when consumer income increases.
Q: Investment in infrastructure is a part of
A) Capital expenditure
B) Imports
C) Transfer payments
D) Current expenditure
✅ Correct Answer: A
Explanation: Such investments are long-term and fall under capital spending.