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
2901. Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?
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A. disagree because they have different values.

B. disagree because they have different scientific judgments.

C. really dont disagree at all It just appears that they disagree.

D. none of these answers.

2902. How much is contributed by agriculture to GNP of the country ?
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A. 15%

B. 20.9%

C. 40%

D. 35%

2903. Pakistan is the _____largest Onion Producer country in the world ?
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A. Sixth

B. Fifth

C. Fourth

D. Eight

2904. Which of the following will not shift a countrys production possibilities frontier outward ?
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A. an increase in the labor force

B. an increase in the capital stock

C. an advance in technology

D. a reduction in unemployment
2905. Total population of livestock in Pakistan is ?
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A. 122.6 million

B. 120 million

C. 130.5 million

D. 120.5 million

2906. Which of the following is most likely to produce scientific evidence about a theory ?
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A. A radio talk show host collecting data from listeners on how capital markets respond to taxation

B. An economist employed by the Trades union congress doing research on the impact of trade policy on workers wages

C. An economist permanently employed at a leading university analyzing the impact of bank regulations on lending to small businesses

D. A lawyer employed by Renault addressing the impact of air bags on passenger safety.

2907. The share of sugarcane crop in value added in agriculture is 6.3 percent What is the share in GDP ?
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A. 5.10%

B. 4%

C. 1.5%

D. 6%

2908. Which province of Pakistan is the largest Edible oils producing province ?
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A. Punjab

B. KPK

C. Baluchistan

D. Sindh

2909. When marginal costs are below average total costs ?
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A. average total cost is minimized

B. average total cost is falling

C. average total cost is raising

D. average fixed cost is rising

2910. How many reclamation schemes has been completed by the government?
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A. 80

B. 50

C. 60

D. 65

2911. What yield of cotton crop is recorded in Pakistan ?
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A. 641 kgs/hec

B. 570 kgs/hec

C. 645 kgs/hec

D. 621 kgs/hec

2912. Kinds of forest in Pakistan are coniferous forest, irrigated plantation riverain forests and ?
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A. private plantations

B. All of these

C. Mangrove forest

D. Scrub forests
2913. Agriculture employs about ____ of the total labor-force?
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A. 55%

B. 15%

C. 35%

D. 45%
2914. Higher summer temperature, stiff soil capable of supporting heavy weight of plant is essential for ?
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A. Rubber

B. Rice

C. None of these

D. Jute

2915. Pakistan is the _____largest Wheat Producer country in the world ?
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A. Fifth

B. Sixth

C. Seventh

D. Eight
2916. Identify below those who are not stakeholders in a company ?
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A. None of the above

B. Owners

C. Customers

D. Employees

2917. Which one of the following is the largest sector of Pakistans economy ?
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A. Agriculture

B. Manufacturing

C. Banking

D. Industry

2918. Which of the following is not a factor of production ?
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A. capital

B. land

C. labor

D. money
2919. Some economists and third-world policy makers criticize MNCs arguing that they have a negative effect on the developing country because they ?
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A. Restrict subsidiary exports when they undercut the market of the parent company

B. increasing the LDCs technological dependence on foreign sources resulting in less technological innovation by local workers

C. Hamper local entrepreneurship and investment in infant industries

D. #NAME?

2920. The equilibrium inflation rate is determined by the intersection of _____ and _____?
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A. Labor demand, labor supply

B. IS, LM

C. demand, supply

D. AD, AS
2921. Carmen Reinhart and Kenneth Rogoff explain the paradox of capital flows from poor to rich countries by ?
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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 ?
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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 ?
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A. Kpk

B. Punjab

C. Sindh

D. Baluchistan

2924. In Pakistan what is the yield of sugarcane ?
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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?
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A. 25%

B. 35%

C. 55%

D. 15%

2926. The merger of a clothing firm and a software producer would be a _______ merger?
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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 ?
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A. Chashma Barrage

B. Jinnah Barrage

C. Trimmu Headworks

D. Sulmaki Headworks

2928. Which province of Pakistan is the largest cotton producing province ?
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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 ?
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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 ?
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A. 40%

B. 41%

C. 45%

D. 43%

2931. Lint cotton is a major?
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A. import item

B. cash item

C. export item

D. None of these

2932. In a portfolio investment ?
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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?
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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 ?
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A. 6345 Kilometer

B. 6234 Kilometer

C. 6429 Kilometer

D. 3344 Kilometer

2935. The classical model of macroeconomics assumes ?
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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 ?
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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 ?
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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 ?
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A. Monetarists

B. Marxists

C. Keynesian.

D. New classical economists

2939. Which of the following best demonstrates the problem of moral hazard ?
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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 ?
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A. breaks up private sector monopolies.

B. removes barriers to entry

C. imposes higher standards of conduct

D. removes barriers to entry and minimum product quality standards
2941. Economic profit is equal to total revenue minus ?
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A. explicit costs

B. implicit costs

C. variable costs

D. marginal costs

2942. When the period of Kharif crop starts and when ends ?
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A. May-October

B. Jan-October

C. June-September

D. October-May

2943. The efficient scale of production is the quantity of output that minimizes ?
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A. average fixed cost

B. marginal cost

C. average total cost

D. average variable cost

2944. What is the contribution of forestry to the agriculture sector ?
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A. 3.4

B. 2.4

C. 0.4%

D. 1.4

2945. The annual requirement of edible oil is nearly ?
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A. 1.5 million tones

B. 1.6 million tones

C. 1.9 million tones

D. 1.7 million tones

2946. At what rate (average) agriculture grew over the last decade ?
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A. 6%

B. 5.40%

C. 3.3%

D. 8%

2947. Economic models are ?
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A. created to duplicate reality.

B. Usually made of wood and plastic

C. useless if they are simple.

D. built with assumptions.
2948. If a production function exhibits diminishing marginal product the slope of the corresponding total-cost curve ?
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A. become flatter as the quantity of output increases.

B. could be any of these answers

C. is liner (a straight line)

D. becomes steeper as the quantity of output increases
2949. hich of the following is not a property required of a perfect voting system ?
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A. independence of irrelevant

B. transitivity

C. no dictators

D. The median voter always wins
2950. The main export items of the country are crop cotton and?
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A. sugar products

B. wheat

C. cotton vast products

D. Sugar