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
2951. Growth maximization is the same as ?
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A. Sales maximization

B. sales revenue maximization

C. long-run profit maximization.

D. maximization the growth of sales revenue.
2952. Naila owns a small pottery factory. She can make 1000 pieces of pottery per year and sell them for Rs 100 each. It costs Naila Rs 20,000 for the raw materials to produce the 1,000 pieces of pottery She has invested Rs100,000 in her factory and equipment: Rs50,000 from her savings and Rs50,000 borrowed at 10 per cent. (Assume that she could have loaned her money out at 10 her per cent, too) Naila can work at a competing pottery factory for Rs40,000 per year. The economics profit at Nailas pottery factory is ?
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A. Rs80,000

B. Rs70,000

C. Rs75,000

D. Rs30,000
2953. The divorce of owner ship and control causes a problem usually referred to by economists as ?
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A. merger mania.

B. profit myopia

C. moral hazard

D. principal-agent problem.
2954. Sales maximization is likely to take place in markets that are ?
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A. perfectly competitive

B. contestable

C. oligopolistic

D. export-oriented

2955. Pakistan is the _________ largest Date Palm Producer country in the world?
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A. Fifth

B. Eight

C. Sixth

D. Fourth

2956. Markus is a travelling salesman for an apparel company. In this employment relationship, Markus is the ?
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A. signaler

B. agent

C. principle

D. screener

2957. Arid Zone Research Centre, of PARC is situated at ?
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A. Islamabad

B. Quetta

C. Faisalabad

D. Lahore

2958. The total forest area of Pakistan is estimated at ?
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A. 4.20 million hectares

B. 53.20 million hectares

C. 5.20 million hectares

D. 6.20 million hectares
2959. How many persons in rural areas are engaged in livestock raising ?
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A. 25-30 million

B. 35-40 million

C. 30-35 million

D. 20-30 million

2960. What is the total landmass of the country ?
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A. 78.98 million hectares

B. 87.98 million hectares

C. 89.98 million hectares

D. 98.87 million hectares

2961. Which crops are sown in Rabi season ?
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A. wheat, gram

B. All of them

C. Tobacco, rape seed

D. barely & mustard

2962. Points on the production possibilities frontier are ?
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A. normative

B. unattainable

C. inefficient

D. efficient
2963. The divorce of ownership and control tends to occur in ?
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A. monopolies

B. sole proprietors

C. partnerships

D. public limited companies
2964. MNCs can help the developing country to ?
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A. Obtain foreign technology by adapting existing processes

B. #NAME?

C. Employ domestic labor, especially in skilled jobs

D. Finance a savings gap or balance of payments deficit

2965. Which of the following statements is normative ?
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A. People work harder if the wage is higher

B. Large government deficits cause an economy to grow more slowly

C. The unemployment rate should be lower

D. Printing too much money causes inflation

2966. Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?
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A. promote; promote

B. restrict; restrict

C. promote; restrict

D. restrict; promote

2967. What was the total inflow of irrigation water in 2001-2 ?
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A. 100.9 MAF

B. 91 MAF

C. 86.9 MAF

D. 76.9 MAF

2968. Which province of Pakistan is the largest rice producing province ?
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A. Punjab

B. Sindh

C. K.P.K

D. Baluchistan

2969. A conglomerate merger is a merger of ?
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A. firms producing unrelated products.

B. firms at various stages in production process.

C. firms producing the same product

D. firm producing complementary products

2970. In 2010-11 the yield of rice in Pakistan was ?
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A. 2040 kgs/hec

B. 1836 kgs/hec

C. 2035 kgs/hec

D. 2030 kgs/hec

2971. Galbraiths idea that firms are controlled by a technostructure supports _________ theories?
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A. Marxist

B. Williamsons

C. classical economic

D. monetarist

2972. Annual growth rate of agriculture for the year 2010-11 was ?
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A. 4.50%

B. 3.50%

C. 2.50%

D. 5%
2973. If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?
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A. inflation

B. crowding out

C. a supply shock

D. inflation illusion
2974. When the period of Kharif crop starts and when ends ?
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A. May-October

B. June September

C. Jan-October

D. October-May

2975. Cotton accounts for 11.5 percent of value added in agriculture. How much it accounts in GDP ?
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A. 4%

B. 20%

C. 2.7%

D. 3.50%

2976. Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?
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A. Persuade the regulator to act in the firms interests.

B. Persuade the regulator to operate in the industrys interests

C. Persuade the government to change the regulatory regime.

D. Bribe the regulator.

2977. Which is the oldest hydroelectricity project in Pakistan ?
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A. Tarbela

B. Warsak

C. Malakand Dargai

D. Mangla

2978. Which Province of Pakistan is the largest wheat producing province ?
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A. Baluchistan

B. K.P.K

C. Punjab

D. Sindh

2979. How much irrigation water shortage was witnessed last year ?
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A. 10.80%

B. 23.80%

C. 35.80%

D. 30.8%
2980. Agriculture contributes about ________ to the GDP?
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A. 35%

B. 55%

C. 25%

D. 15%

2981. The traditional profit-maximizing theory of the firm has been criticized by some economists because ?
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A. firms do not know how to maximize profits.

B. firms have other aims

C. it does not explain monopolistic competition

D. Both the first and second option
2982. Pakistan is the __________ largest rice Producer country in the world?
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A. Fifth

B. Eight

C. Sixth

D. Fourth

2983. Which one is the single largest component of agriculture sector in the country ?
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A. fisheries

B. poultry

C. livestock

D. forestry

2984. Rasul headworks was constructed on the river ?
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A. Jhelum

B. Indus

C. Sutlej

D. Chenab

2985. One-third of the forest area is productive, and the remaining two-third is maintained for ?
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A. sanctuaries

B. Timber

C. Wild life

D. Environmental protection
2986. Which of the following is an example of a signal that is used to reveal private information ?
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A. Josephine earns her MBA from the Harvard Business School

B. Lexus advertises its cars during the football World Cup Final.

C. Enzo carefully chooses a special gift for Josephine

D. All of these answers are correct
2987. What is the share of local edible oil to the national need ?
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A. 30%

B. 16%

C. 29%

D. 22%

2988. A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?
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A. impossibility

B. independence

C. transitivity

D. unanimity

2989. How much of the total area is cultivated in Pakistan ?
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A. 45%

B. 35%

C. 25%

D. 55%

2990. Which is/are major oil seeds crop(s) of the country ?
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A. rapeseed & sunflower

B. All of these

C. cotton

D. safflower

2991. What kind of soil is treated with gypsum to make it suitable for cropping ?
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A. Acidic

B. None of these

C. Alkaline

D. Waterlogged

2992. Naila owns a small pottery factory. She can make 1000 pieces of pottery per year and sell them for Rs 100 each. It costs Naila Rs 20,000 for the raw materials to produce the 1,000 pieces of pottery She has invested Rs100,000 in her factory and equipment: Rs50,000 from her savings and Rs50,000 borrowed at 10 per cent. (Assume that she could have loaned her money out at 10 her per cent, too) Naila can work at a competing pottery factory for Rs40,000 per year. The accounting profit at Nailas pottery factory is ?
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A. Rs35,000

B. Rs70,000

C. Rs75,000

D. Rs30,000

2993. The external benefits of using cars are ____ and the external costs are _____?
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A. high; low

B. low; low

C. low; high

D. high; high

2994. Guddu Barrage was constructed on ?
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A. River Ravi

B. River Sutlej

C. River Jheulum

D. River Indus
2995. Pakistan is the _____largest Oranges Producer country in the world ?
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A. Sixth

B. Fifth

C. Eight

D. Fourth

2996. Minor crops in Rabi season are pulses, potatoes and ?
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A. bajra

B. Onions

C. All these

D. garlic

2997. What is the total forest are of KHYBER PAKHTUNKHWA ?
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A. 1.21 million hectares

B. 1.91 million hectares

C. 1.33 million hectares

D. 2.21 million hectares

2998. The Triple Project was designed to carry surplus water from the jhelunito chenab and from chenab to the ?
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A. None of these

B. Ravi

C. Upper Bari Doaab

D. Sutlej

2999. The merger of fiber producer and a clothing firm would be _____ merger?
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A. vertical

B. conglomerate

C. horizontal

D. homogeneous

3000. Evidence suggests that the price elasticity of demand for motoring is ?
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A. Unitarily elastic

B. inelastic

C. absolutely inelastic

D. Elastic