economics mcqs to prepare for nts, kppsc, fpsc, ppsc and more

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

3151. Besides tobacco, tea and cotton, which is the other agricultural produce of China ?
0

A. Maize

B. Millets

C. Rice

D. Soybean

3152. What is the second sheep producing country ?
0

A. India

B. Australia

C. China

D. UK

3153. If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?
0

A. Vertical or nearly vertical

B. downward sloping

C. upward sloping

D. horizontal or nearly horizontal

3154. Which is the most important crop of the Nile delta ?
0

A. Maize

B. Cotton

C. Sugarcane

D. None of them

3155. Which of the following is the correct group of Kharif Crops ?
0

A. None of these

B. Rice, Millet Maize Cotton

C. Jowar Bajra Rice Cotton Jute, Gram

D. Groundnut, Bajra , Barley, Sorghum, Wheat

3156. Which of the following countries has highest percentage of land under cultivation ?
0

A. India

B. USA

C. Canada

D. China

3157. The largest producer of Nuclear energy in the world is____?
0

A. Russia

B. UK

C. India

D. USA

3158. What is the currency of Western Sahara ?
0

A. Dirham

B. Peso

C. Pound

D. Dollar

3159. Which of the following countries leads in the production of sugar in the world ?
0

A. India

B. Cuba

C. USA

D. Brazil

3160. Which of the following is not a Cash Crop ?
0

A. None of these

B. Cotton

C. Surgarcane

D. Wheat

3161. Of all the animal pests that attack plants. the most common and which cause the maximum damage are ?
0

A. Mice

B. Birds

C. None of these

D. Insects

3162. A Ia Crecy means to be garnished with what ?
0

A. Onions

B. Peas

C. Carrots

D. Celery

3163. The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?
0

A. flexible imperfect markets

B. long run, short run

C. short-term long run

D. long run, imperfect markets

3164. Which types of forest mostly grow in the below of land lying between 50 N and 70 N ?
0

A. Tropical evergreen forests

B. Temperate deciduous forests

C. None of the above

D. Temperate coniferous forests

3165. Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?
0

A. utilize the concepts of capitalism to improve their economies

B. develop their vast natural resources to achieve economic growth

C. nationalize most major industries and restrict competition

D. end foreign investment

3166. Groundnut crop is the monopoly of ?
0

A. Bangladesh

B. India

C. Indonesia

D. Pakistan

3167. Which of the following countries lead in the production of Nickel in the world ?
0

A. USA

B. Canada

C. China

D. Russia

3168. The highest grade of coal whose surface is shining and has the highest calorific value is ?
0

A. Anthracite

B. Lignite

C. Bituminous

D. Peat

3169. Groundnut crop is the monopoly of ____________?
0

A. Pakistan

B. India

C. Bangladesh

D. Indonesia

3170. Second largest uranium producer in the world is ?
0

A. Tajikistan

B. khazakhstan

C. Nigeria

D. Sudan

3171. Muslim community constitutes _____ of the worlds populatin ?
0

A. 3-4th

B. 2-Jan

C. 1/5th

D. 1/7th

3172. Since World War II, people in both Africa and Latin America have moved from rural to urban areas, The major cause of this movement has been the ?
0

A. rejection of traditional custom

B. fear of civil war

C. expectation of improved economic opportunities

D. guarantee of better housing

3173. Cities and towns came into existence due to ?
0

A. Movement of population

B. Urbanization

C. growth of agriculture

D. development of commerce and trade

3174. Malnutrition is one of the main reasons behind the high mortality rates among ?
0

A. mothers

B. infants

C. both a & b

D. not a nor b

3175. Besides tobacco, tea and cotton, which is the agricultural produce of China ?
0

A. Maize

B. Rice

C. Soybean

D. Millets

3176. Which of the following crops is/are Cash Crop ?
0

A. Jute

B. Cotton

C. All of above

D. Tea

3177. Which of the following countries is the leading producer of wheat ?
0

A. USA

B. Argentina

C. China

D. Cuba

3178. The Short run Phillips curve can shift in response to changes in ?
0

A. the inflation rates

B. wage rates

C. unemployment

D. Inflationary expectations

3179. What was the top chicken producing country ?
0

A. China

B. Indonesia

C. Brazil

D. United States

3180. The economic policy of mercantilism first developed during the ?
0

A. Green Revolution

B. Age of Exploration

C. Enlightenment

D. Cold War

3181. Cucumbers are almost how old ?
0

A. 300 years

B. 15,000 years

C. 4000 years

D. 1000 years

3182. Which situation has contributed most recent Japanese economic growth ?
0

A. The Japanese government and Japanese businesses have cooperated with each other

B. The Japanese government has place limits on Japanese exports

C. Japanese industries spend very little on the research and development of new products

D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do

3183. Singapore and Hong Kong have become major economic powers by taking advantage of their ?
0

A. imported cheap labor from Japan

B. Profits from agricultural surpluses

C. abundant mineral resources

D. favorable location on international trade routes

3184. Which country tops in the production of coconut in the world ?
0

A. Bangladesh

B. Philippines

C. Sri lanka

D. Indonesia

3185. The highest population growth rate in the world is ?
0

A. SriLanka

B. India

C. Pakistan

D. Bangladesh

3186. Which country produced the third most rubber ?
0

A. India

B. Malaysia

C. Thailand

D. Indonesia

3187. Name the country which has the largest tin production in the world is ?
0

A. Nigeria

B. Malaysia

C. China

D. Bolivia

3188. For which agricultural produce, Sudan is famous and which comes under Tropical Grassland Region ?
0

A. Millets

B. Cotton

C. Barley

D. Coffee

3189. The abolition of income tax would probably ______ the number of workers in employment and _______ the equilibrium rate of unemployment?
0

A. reduce, increase

B. increase, increase

C. increase reduce

D. reduce, reduce

3190. During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??
0

A. an expansion of Chinas colonial empire

B. a return to a strict command economy

C. an increase in trade with the West

D. the success of the commune system

3191. The AD schedule indicates that _______ inflation is associated with ________ output?
0

A. higher, lower

B. zero, zero

C. higher, higher

D. lower, lower

3192. The leading producer of silver is ?
0

A. South Africa

B. USA

C. Mexico

D. Russia

3193. What is the top sheep producing country ?
0

A. Australia

B. China

C. India

D. India

3194. The extent to which the results of a study can be generalized to the larger population refers to ?
0

A. external validity

B. internal validity

C. face validty

D. reliability

3195. Which of the following countries is the largest producer of coal in the world ?
0

A. Pakistan

B. USA

C. China

D. Russia

3196. Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
0

A. Cotton

B. None of these

C. Jute

D. Tobacco

3197. What is the currency of United Arab Emirates ?
0

A. Dirham

B. Dollar

C. Pound

D. Peso

3198. Wisconsin in the US leading distributor in what producer ?
0

A. onions

B. cabbage

C. lettuce

D. broccoli

3199. What is the third sheep producing country ?
0

A. Australia

B. China

C. India

D. UK

3200. Which is not a characteristic of urban life ?
0

A. Competition

B. informal relationship

C. Impersonal relationship

D. Loss of humanistic value

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