Economics MCQs
Economics MCQs for CSS, PMS, and competitive exams covering microeconomics, macroeconomics, market structures, fiscal and monetary policy, development, and trade. Test conceptual clarity, analytical skills, and real-world application of economic principles.
Q: Law of demand assumes
A) All variables change
B) Income doubles
C) Other factors constant
D) Government controls
Q: Fixed capital includes
A) Machinery
B) Labor
C) Fuel
D) Raw materials
Q: Money serves as a
A) Production factor
B) Wage determinant
C) Medium of exchange
D) Luxury item
Q: Profit maximization is a goal of
A) NGOs
B) Governments
C) Consumers
D) Firms
Q: Central bank regulates
A) Wages
B) Stock prices
C) Prices of goods
D) Money supply