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
3101. The relative-wage explanation for the existence of downwardly sticky wages emphasizes ?
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A. unspoken agreements between workers and firms that firms will not cut wages

B. the contention that workers in one industry may be unwilling to accept a wage cut unless they know that workers in other industries are receiving similar cuts

C. the incentive that firms may have to hold wages above the market clearing rate

D. employment contracts that stipulate workers wages usually for a period of one to three years

3102. Groundnut crop is the monopoly of ?
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A. Pakistan

B. Indonesia

C. Bangladesh

D. India
3103. In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?
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A. fluctuates

B. fall

C. remain the same

D. increase
3104. Which of the following practices of cultivation can be referred to as crop rotation ?
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A. Different crops in the same season

B. Different crops in different seasons

C. None of the above

D. The same crop in different seasons

3105. Brassica is the Latin name for what spice ?
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A. Mustard

B. Sald

C. Basil

D. Pepper

3106. The relative deprivation approach attempts to______________?
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A. determine the privileges of the rich

B. measure poverty of those below the poverty line

C. assess the deprivation of section of population as compared to the others

D. assess the minimum food Requirements

3107. The largest producer of fertilizer in the world is ?
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A. Japan

B. China

C. Russia

D. USA
3108. Which type of forest covers the highest percentage of forest area in the world ?
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A. Temperate Deciduous forests

B. Tropical Monsoon forests

C. Temperate Coniferous forests

D. Tropical Rain forests

3109. Potential GDP is the level of aggregate output ?
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A. that can be sustained in the long run without inflation

B. that can be sustained in the long run, if the inflation rate is zero

C. that can be produced at a zero-unemployment rate

D. that can be produced if structural unemployment is zero

3110. What is known as ground black-cherry pits in the Middle East ?
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A. Falafal

B. Bangna Cauda

C. Baba Ghanoush

D. Mahlab
3111. The quantity theory of money says that changes in ____lead to equivalent changes in ____ but have no effect on ______?
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A. prices, wages, output and employment

B. output prices, employment

C. nominal money output prices

D. nominal money, the price level, output and employment
3112. When you add a tomato product to a Hollandaise Sauce it is called ?
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A. Choron

B. Maltese

C. Mornay

D. Bearnaise

3113. India is the worlds largest producer of ?
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A. Coal

B. Copper

C. Iron ore

D. Mica
3114. Which factor contributes most to the recurring food shortages in Africa ?
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A. location between two major oceans

B. extensive river systems

C. rainforest environment

D. Poor distribution of agricultural products
3115. Which is the most important crop of the Nile delta ?
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A. Cotton

B. None of these

C. Sugarcane

D. Maize

3116. All the following are types of monetary policy expect ?
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A. a balanced budget

B. a nominal money stock target

C. The pursuit of a target real interest rate

D. an inflation target

3117. 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. Waterlogged

D. Alkaline
3118. What is the third cattle producing country ?
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A. China

B. India

C. Argentina

D. United States
3119. In recent years, which factor has been major reason for the economic tensions between the United States and China ?
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A. Chinas trade deficit with the United States was very high

B. The United States imported more from China than it exported to China

C. The United States refused to place quotas on Chinese goods

D. China lowered tariffs on goods imported from the United States

3120. A comparison of Japans policies before 1945 with the policies in effect after 1945 indicates that______________?
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A. dependence on foreign trade usually leads to a weakened national economy

B. territorial aggression is not necessary to secure national economic goals

C. reduction in spending on military goods leads to economic depression

D. democratic institution hinder economic growth

3121. What country had the largest area of forest ?
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A. Brazil

B. United States

C. Canada

D. Russia
3122. The Phillips curve indicates that there is a ?
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A. positive relationship between labor supply and the inflation rate

B. positive relationship between the inflation rate and the employment the

C. negative relationship between the inflation rate and labor demand

D. negative relationship between the inflation rate and the unemployment rate
3123. What is the currency of Montserrat Antilles ?
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A. Franc

B. Peso

C. Italy

D. Pound
3124. Which country produced the third most rubber ?
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A. Indonesia

B. Thailand

C. Malaysia

D. India

3125. What was the top timber producing country ?
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A. United States

B. China

C. India

D. Brazil
3126. Rice is very important food as well as ?
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A. raw material

B. cash crop

C. export crop

D. import item

3127. Name the largest synthetic rubber and tyre making centre in the world is ?
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A. Sharon

B. Cleveland

C. Wheeling

D. Akron
3128. Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
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A. jute

B. None of them

C. Tobacco

D. Cotton
3129. Name the country which is the largest producer of Dry Milk in the World is?
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A. Peru

B. Switzerland

C. Netherlands

D. Norway

3130. 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. Indonesia

B. India

C. None of these

D. Brazil
3131. What country had the second largest area of forest ?
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A. Canada

B. United States

C. Brazil

D. Russia

3132. What country is the second most covered by forests ?
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A. Suriname

B. Solomon Islands

C. Gabon

D. French Guiana

3133. Which of the following countries lead in the production of tea in the world ?
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A. Myanmar

B. SriLanka

C. Japan

D. Kenya
3134. Which country in the World is leading in jute production ?
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A. None of these

B. Thailand

C. India

D. Brazil

3135. What was the third mild producing country ?
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A. Russia

B. United States

C. France

D. Germany
3136. The long-run Phillips curve is ____ at the ____?
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A. vertical natural rate of inflation

B. vertical equilibrium rate of unemployment

C. horizontal, natural rate of inflation

D. horizontal natural rate of unemployment

3137. How much of the total population of the world i percentage is living in South America ?
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A. 5.6%

B. 6.70%

C. 6.50%

D. 7.20%

3138. What was the third mild producing country ?
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A. United States

B. France

C. Russia

D. Germany
3139. The leading producer of sulphur in the world is ?
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A. USA

B. Spain

C. Italy

D. Canada

3140. The largest producer of coffee in the world is ?
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A. pakistan

B. Brazil

C. Sri Lanka

D. None of these

3141. The Phillips curve shows the trade-off between _____ and _____?
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A. the inflation rate, interest rates

B. interest rates, output

C. output, employment

D. the inflation rate, the unemployment rate
3142. Which condition is a major obstacle to economic development in the Middle East and Northern Africa ?
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A. use of strip mining to obtain minerals

B. lack of access to world markets

C. scarcity of water resources

D. reliance on capitalist economic systems

3143. Which soil is best suited for deep rooted crops ?
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A. None of these

B. Red soil

C. Black soil

D. Literate soil

3144. The biggest producer of Uranium in the world is ?
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A. Canada

B. USA

C. France

D. Zaire

3145. A person who is made redundant because of the contraction of an industry is a victim of ?
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A. structural unemployment

B. classical unemployment

C. demand-deficient unemployment

D. frictional unemployment

3146. Which of the following is the Prevalent public health problem has been observed in the country ?
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A. Jaundice

B. iron deficiency

C. Vitamin A deficiency

D. anemia deficiency
3147. What is the total population of Nauru ?
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A. 1950

B. 1800

C. 2510

D. 1900
3148. Which fruit is an offspring of the pummel ?
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A. Grapefruit

B. Kiwi

C. Strawberry

D. Peach

3149. Which one of the following four agricultural resources by way of crops cultivated by man does not belong to the group comprising the remaining three ?
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A. Fruits

B. Coffee

C. Sugarcane

D. None of these

3150. Wheat being a plant of temperate zone grows well on plains away from sea and having moderately dry climate. Worlds maximum production of wheat is obtained from ?
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A. Australia

B. Canada

C. China

D. Russia