economics MCQs – Page 429

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 Review each marked answer and report any item that may be outdated or unclear.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 economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
8561. The World biggest oil refinery is situated in ?
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A. Kuwait

B. Iran

C. Saudi Arabia

D. Iraq

8563. Throughout the 1800s Russia was interested in acquiring Turkey mainly because Russia wanted ?
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A. The rich farmland of the Anatolian Plateau

B. access to the Mediterranean Sea

C. to reestablish the Byzantine Empire

D. to main peace in the Middle East

8564. Which statement best explains Chinas economic shift towards capitalism in the 1980s and early 1990s ?
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A. Chinas economic policies were directly influenced by the success of the Soviet economic System

B. The Tiananmen Square massacre resulted in Major economic reforms in China

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

D. communist economic policies were not meeting the needs of the society
8565. What was the third chicken producing country ?
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A. United States

B. China

C. Indonesia

D. Brazil

8566. Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ?
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A. peasant ownership of most farmlands

B. inadequate supply of water and other natural resources

C. lack of modern agricultural technology

D. demand of world markets for such crops
8567. Kharif crops include ?
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A. cotton & maze

B. All of them

C. rise & sugarcane

D. bajra & jawar

8570. Which crops are sown in Rabi season ?
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A. Tobacco rape seed

B. barely & mustard

C. All of them

D. Wheat, gram

8571. Which tropical fruit is Latin named musa ?
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A. banana

B. Passion fruit

C. coconut

D. cassava

8573. Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?
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A. end foreign investment

B. develop their vast natural resources to achieve economic growth

C. nationalize most major industries and restrict competition

D. utilize the concepts of capitalism to improve their economies

8577. Which country produced the third most rubber ?
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A. Indonesia

B. Malaysia

C. Thailand

D. India

8578. What was the top sheep producing country ?
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A. Australia

B. United Kingdom

C. India

D. China