economics MCQs – Page 161

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 Review each marked answer and report any item that may be outdated or unclear.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

3201. Which one of the following is the best criterion of contrast between a rural and urban community ?
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A. Specific size of population

B. Geographic location

C. Diversification of occupations

D. Specific density of population

3202. Which conclusion can be drawn from the infromation in the chart ?
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A. The national birthrate is determined by many different factors

B. Infant mortality is a greater problem in Africa than in Asia

C. Developing countries are instituting programs to limit the growth of their populations

D. The nations with relatively low birthrates have relatively high per capita incomes

3203. Which statement best explains Chinas economic shift towards capitalism in the 1980s and early 1990s ?
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A. The Tiananmen Square massacre resulted in Major economic reforms in China

B. communist economic policies were not meeting the needs of the society

C. Chinas economic policies were directly influenced by the success of the Soviet economic System

D. The success of the Cultural Revolution resulted in the increased westernization of china

3204. The largest producer of Tobacco in the world is ?
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A. China

B. USA

C. Russia

D. India

3205. Which of the following countries lead in the production of sugarcane in the world ?
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A. Brazil

B. China

C. USA

D. India

3206. Which tropical fruit is Latin named musa ?
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A. coconut

B. banana

C. Passion fruit

D. cassava

3207. Besides tobacco, tea and cotton, which is the other agricultural produce of China ?
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A. Soybean

B. Rice

C. Maize

D. Millets

3208. What is the currency of Georgia ?
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A. Pound

B. Peso

C. Lari

D. Dollar

3209. Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?
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A. a high rate of unemployment along with a low rate of inflation

B. simultaneously high rates of inflation and unemployment

C. a high rate of inflation: along with a low rate of unemployment

D. simultaneously low rates of inflation and unemployment

3210. How much of the total population of the world is living in Asia ?
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A. 58.6%

B. 51%

C. 55.50%

D. 62%

3211. Which is the most abundantly found metal on the Earths surface ?
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A. Zinc

B. Aluminum

C. Iron

D. Silicon

3212. Which of the following countries lead in the production of Nickel ?
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A. China

B. USA

C. Canada

D. Russia

3213. Which one of the following was the most important condition for the growth of the early cities ?
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A. Technological innovations

B. Surplus food production

C. Discoveries of new trades

D. Increase in population

3214. Which one of the following fertilizers contains a high percentage of nitrogen ?
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A. Ammounium nitrate

B. Calcium nitrate Ammonium

C. None of these

D. Urea

3215. Coffee requires hot and moist climate and grows best on slopes which of the following countries is leading in coffee production ?
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A. Brazil

B. Indonesia

C. None of these

D. India

3216. Which statement best describes how a command economy functioned in the Soviet Union ?
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A. The laws of supply and demand controlled the economy

B. Trade policies mandated that imports exceed exports

C. The success of the agricultural sector controlled the price of manufactured goods

D. A central authority determined the type and quantity of goods to be produced

3217. Which one of the following countries is the largest oil consumer of the world ?
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A. india

B. USA

C. Russia

D. China

3218. The World biggest oil refinery is situated in ?
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A. Iran

B. Iraq

C. Kuwait

D. Saudi Arabia

3219. What is the second cattle producing country ?
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A. Argentina

B. China

C. United States

D. India

3220. Which of the following countries lead in the production of Nickel ?
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A. Canada

B. Russia

C. USA

D. China

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