economics MCQs – Page 147

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

economics Mcqs

1. the national economy 2. profit maximizing under perfect competition and monopoly 3. application of economics 4. the aggregate demand aggregate supply model 5. surplus 6. money interest rates and output 7. average and total cost 8. stabilization adjustment reform and privatization 9. risks and diversification efficient market hypothesis 10. the phillips curve 11. supply and demand 12. capital formation investment choice information technology and technical progress 13. aggregate supply unemployment and inflation 14. elasticity 15. comparative gdp 16. roots of modern macroeconomics 17. production factors 18. poverty malnutrition and income inequality 19. trade regulations and industrial policies 20. monetary union 21. exchange rate systems and currency crises 22. economic development in historical perspective 23. exchange rate determination 24. monopoly competition 25. the balance of payments 26. inflation productivity 27. macroeconomic issues and analysis 28. employment migration and urbanization 29. macroeconomic policy tools 30. supply side policies 31. exchange rate adjustments and the balance of 32. miscellaneous 33. taxation 34. trade policies for the developing nations 35. markets efficiency and the public interest 36. the external debt and financial crises 37. budget deficits and the trade balance 38. alternative theories of the firm 39. public goods 40. the meaning and measurement of economic development 41. characteristics and institutions of developing countries 42. agriculture irrigation system of pakistan 43. education health and human capital 44. economic problems of developing countries 45. theories of economic development 46. basic of economics 47. consumer theory vs real consumers 48. applied microeconomics 49. long term economic growth 50. externality internality 51. fiscal and monetary policy 52. prices wages taxes 53. balance of payments aid and foreign investment 54. international factor movements and multinational corporations 55. entrepreneurship organization and innovation 56. the international economy and globalization 57. population and development 58. non tariff trade barriers 59. foundations of modern trade theory 60. global economic development 61. market 62. rural poverty and agricultural transformation 63. regional trading arrangements 64. foreign exchange 65. introduction to economics 66. world economy miscellaneous 67. sources of comparative advantage 68. natural resources and the environment toward sustainable development 69. monopoly 70. asymmetric information 71. income inequality 72. labour market 73. tariffs 74. development planning and policy making the state and the market 75. oligopoly 76. industrial development 77. costs supply and perfect competition 78. human capital 79. monetary fiscal and incomes policy and inflation 80. stocks

2921. Carmen Reinhart and Kenneth Rogoff explain the paradox of capital flows from poor to rich countries by ?
0

A. the fat that the DC capital market is perfectly competitive

B. the brain drains from LDCs to DCs

C. the price role of political and credit-market risk in many LDCs

D. the law of increasing returns that implies that the marginal productivity of capital is higher in LDCs

2922. What is total forest area of Azad Kashmir ?
0

A. 0.55 million hectares

B. 0.42 million hectares

C. 0.53 million hectares

D. 1.32million hectare

2923. Jamrao Canal is located in the province of ?
0

A. Kpk

B. Punjab

C. Sindh

D. Baluchistan

2924. In Pakistan what is the yield of sugarcane ?
0

A. 45000 kg/hec

B. 74538 kg/hec

C. 54378 kg/hec

D. 48042 kg/hec

2925. Nearly _______ of land is cultivated through tube-wells ponds and rain water?
0

A. 25%

B. 35%

C. 55%

D. 15%

2926. The merger of a clothing firm and a software producer would be a _______ merger?
0

A. homogeneous

B. vertical

C. conglomerate

D. horizontal

2927. The link canal which irrigates the district of D.G khan and D.I khan starts from ?
0

A. Chashma Barrage

B. Jinnah Barrage

C. Trimmu Headworks

D. Sulmaki Headworks

2928. Which province of Pakistan is the largest cotton producing province ?
0

A. Baluchistan

B. Punjab

C. Sindh

D. K.P.K

2929. Which of the following must be true about a signal that is used to reveal private information in order for the signal to be effective ?
0

A. It must be as seen on TV

B. It must be applied to an inexpensive product

C. It must be costly to the signaling party but less costly to the party with higher-quality product

D. It must be free to the signaling party

2930. In the Mid of 2011 the share of agriculture in employment is ?
0

A. 40%

B. 41%

C. 45%

D. 43%

2931. Lint cotton is a major?
0

A. import item

B. cash item

C. export item

D. None of these

2932. In a portfolio investment ?
0

A. investors have no control over operations

B. investors transfer the technology to local investors

C. investors are directly involved in managing the operations

D. as in direct investment investors export goods and services abroad

2933. Out of the total land area of Pakistan the total land area of Punjab is 20.6 mha (about 50.90 million acres) out of which ____ are cultivated?
0

A. 57 % or 12.00 mha

B. 58 % or 12.04 mha

C. 54 % or 11.04 mha

D. 59 % or 13.04 mha

2934. What is the total length of canals in Pakistan ?
0

A. 6345 Kilometer

B. 6234 Kilometer

C. 6429 Kilometer

D. 3344 Kilometer

2935. The classical model of macroeconomics assumes ?
0

A. wages and prices are flexible

B. the economy is always at full capacity

C. the economy may operate below full capacity

D. A and C

E. wages and prices are sticky

F. B and D

2936. In which of the following cases is the assumption most reasonable ?
0

A. To model the benefits of trade. an economist assumes that there are two people and two goods

B. To address the impact of money growth on inflation, an economist assumes that money is strictly coins.

C. To address the impact to taxes on income distribution an economist assumes that everyone earns the same income.

D. To estimate the speed at which a beach ball falls, a physicist assumes that if falls in a vacuum.

2937. Which city has the following transport policy ?
0

A. Singapore

B. Athens

C. New York

D. London

E. Car licenses are very expensive vehicle entry to the city center is very restricted road pricing is being introduced and modern cheap rail transport is being expanded.

2938. Which school of economic thought suggested that one possible cause of inflation was a push from the cost side ?
0

A. Monetarists

B. Marxists

C. Keynesian.

D. New classical economists

2939. Which of the following best demonstrates the problem of moral hazard ?
0

A. Fatima chooses to attend a well-respected college

B. Josephine doesnt buy health insurance because it is too expensive, and she is healthy

C. Enzo drives more recklessly after he buys car insurance

D. A life insurance company forces Enzo to have a medical examination prior to selling him insurance

2940. De-regulation is where the government ?
0

A. breaks up private sector monopolies.