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
3201. Which one of the following is the best criterion of contrast between a rural and urban community ?
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A. Specific size of population

B. Geographic location

C. Diversification of occupations

D. Specific density of population

3202. Which conclusion can be drawn from the infromation in the chart ?
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A. The national birthrate is determined by many different factors

B. Infant mortality is a greater problem in Africa than in Asia

C. Developing countries are instituting programs to limit the growth of their populations

D. The nations with relatively low birthrates have relatively high per capita incomes
3203. Which statement best explains Chinas economic shift towards capitalism in the 1980s and early 1990s ?
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A. The Tiananmen Square massacre resulted in Major economic reforms in China

B. communist economic policies were not meeting the needs of the society

C. Chinas economic policies were directly influenced by the success of the Soviet economic System

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

3206. Which tropical fruit is Latin named musa ?
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A. coconut

B. banana

C. Passion fruit

D. cassava

3208. What is the currency of Georgia ?
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A. Pound

B. Peso

C. Lari

D. Dollar

3209. Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?
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A. a high rate of unemployment along with a low rate of inflation

B. simultaneously high rates of inflation and unemployment

C. a high rate of inflation: along with a low rate of unemployment

D. simultaneously low rates of inflation and unemployment

3213. Which one of the following was the most important condition for the growth of the early cities ?
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A. Technological innovations

B. Surplus food production

C. Discoveries of new trades

D. Increase in population

3214. Which one of the following fertilizers contains a high percentage of nitrogen ?
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A. Ammounium nitrate

B. Calcium nitrate Ammonium

C. None of these

D. Urea
3216. Which statement best describes how a command economy functioned in the Soviet Union ?
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A. The laws of supply and demand controlled the economy

B. Trade policies mandated that imports exceed exports

C. The success of the agricultural sector controlled the price of manufactured goods

D. A central authority determined the type and quantity of goods to be produced
3218. The World biggest oil refinery is situated in ?
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A. Iran

B. Iraq

C. Kuwait

D. Saudi Arabia

3219. What is the second cattle producing country ?
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A. Argentina

B. China

C. United States

D. India

3221. Copper may be found native that is in its pure state but is more often found in chemical combinations with ?
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A. Gold, silver and lead

B. Iron, lead and sulphur

C. All of the above minerals

D. Iron, gold and silver

3223. What country is the most covered by forests ?
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A. Surinam

B. Gabon

C. Solomon Islan

D. French Guiana

3224. Kharif crops include ?
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A. cotton & maze

B. bajra & jawar

C. All of them

D. rise & sugarcane

3225. What country produces the original Edam cheese ?
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A. Sweden

B. Australia

C. Netherlands

D. Switzerland

3226. What was the second cattle producing country ?
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A. Argentina

B. China

C. India

D. United States

3227. In which of the crops Russia does not lead ?
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A. Wheat

B. Surgarcane

C. Cotton

D. Barley

3228. Which is the most famous waterfall of the world ?
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A. Angel

B. Niagara

C. Balkan

D. Superior

3230. In defining social sciences which of the following phrases is the most appropriate?
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A. social philosophy

B. rules for behavior

C. systematic and methodical study

D. study of individual behavior

3231. What is the top cattle producing country ?
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A. United State

B. China

C. Argentina

D. India
3233. Trees which are considered the tallest in the world ?
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A. Eucalyptus

B. Cedar

C. Data palm

D. Redwood
3235. Which country produced the most rubber ?
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A. Malaysia

B. India

C. Thailand

D. Indonesia

3236. Which crop is affected by the disease called blast ?
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A. Wheat

B. Sugarcane

C. None of the above

D. Rice
3237. Minor crops in Rabi season are pulses potatoes and ?
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A. garlic

B. onions

C. All of these

D. bajra

3240. What country had the largest area of forest ?
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A. Brazil

B. Canada

C. United States

D. Russia

3241. The largest fishing catching ground in the world is ?
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A. East China Sea

B. Mediterranean sea

C. Arabia Sea

D. North West Pacific Ocean
3243. The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?
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A. a downward sloping

B. a horizontal (or almost horizontal)

C. an upward sloping

D. a vertical (or almost vertical)
3244. The leading producer of sulphur is ?
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A. Spain

B. Canada

C. USA

D. Italy
3245. Which is not a type of mushroom ?
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A. Cremini

B. Oyster

C. Moral

D. Bugouy
3247. What was the third chicken producing country ?
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A. China

B. Brazil

C. Indonesia

D. United States

3248. 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. lack of modern agricultural technology

B. demand of world markets for such crops

C. inadequate supply of water and other natural resources

D. peasant ownership of most farmlands

3249. The costs of inflation are ?
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A. uncertainly

B. all of the above

C. shoe leather costs

D. income redistribution

E. menu costs