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
3251. When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?
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A. changes in export demand due to the state of the world economy

B. business confidence

C. Shifts in aggregate supply

D. business expectations

3254. If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?
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A. voluntary unemployment

B. classical unemployment

C. Frictional unemployment

D. voluntary unemployment
3255. A study of Japans economy since World War II would lead to the conclusion that ?
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A. imperialism is necessary from the economic development of a nation

B. A the feudal system is more economically productive than the market system

C. a communist system leads to economic prosperity

D. A government support of technological advances can improve a nations
3256. Which of the following iron has got the highest carbon content ?
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A. Mild Steel

B. Cast Iron

C. Stainless Steel

D. Wrought Iron

3260. The impact of industrialization in India is most conspicuously reflected in ?
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A. crimes

B. inter-caste marriage

C. widow marriage

D. the increasing rate of growth in urban population
3261. The worlds largest oil refinery of the world is located at ?
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A. Abadan (Iran)

B. Lagos (Nigeria)

C. Tabriz (Iran)

D. Riyadh (Saudi Arabia)

3263. As consequence of rural urban migration ?
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A. Ruralization of Urban areas and ripid growth seem to be the result

B. Ruralization of Urban areas is taking place

C. None of the above

D. More and more urbanization is taking place N successfully

3264. Throughout the 1800s Russia was interested in acquiring Turkey mainly because Russia wanted ?
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A. to main peace in the Middle East

B. The rich farmland of the Anatolian Plateau

C. to reestablish the Byzantine Empire

D. access to the Mediterranean Sea
3266. The equilibrium rate of unemployment at any real wage, is the difference between ______ and ______?
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A. those willing to work at the going wage labour demand

B. labour demand those willing to work at the going wage

C. those willing to work at the going wage labor supply

D. labor demand, labor supply

3267. Which country produced the second most rubber ?
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A. Thailand

B. India

C. Malaysia

D. Indonesia

3269. The largest producer of diamond in the world is ?
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A. Australia

B. Russia

C. South Africa

D. Canada

3270. The country which leads in the production of rubber is ?
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A. Thailand

B. Indonesia

C. None of these

D. Malaysia

3273. Loas Ginger is otherwise known as_______________?
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A. Galangal

B. Ghialiangale

C. Ghalingale

D. Glalangal

3274. What country had the third largest area of forest ?
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A. Russia

B. Canada

C. Brazil

D. United States

3275. At the intersection of AD and AS equilibrium is achieved in ?
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A. the money markets

B. all of these

C. the labor markets

D. the goods market

3280. Which country is the source of Stilton cheese ?
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A. Norway

B. Swaden

C. Scotland

D. England
3281. Which crops are sown in Rabi season ?
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A. All of them

B. barely & mustard

C. Wheat, gram

D. Tobacco rape seed

3282. What was the second milk producing country ?
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A. Germany

B. United States

C. France

D. Russia
3284. Which country produced the second most rubber ?
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A. Malysia

B. India

C. Indonesia

D. Thailand

3285. An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?
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A. wage rate, labor market

B. price level, aggregate economy

C. tax rate, government budget

D. interest rate, market for loanable funds

3287. Which of the following is not a Cash Crop ?
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A. Sugarcane

B. Cotton

C. Wheat

D. None of them

3288. What was the third cattle producing country ?
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A. India

B. United States

C. China

D. Argentina

3290. Races are breeding or mating population of people classified according to ?
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A. Common religion

B. genetically transmitted characteristics

C. common origin

D. Common language

3291. Which is the biggest seaport of the world ?
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A. None of these

B. Singapore seaport

C. Settle seaport

D. Rotterdam seaport

3292. What is the period of Rabi season ?
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A. Oct-Dec to April-May

B. January-Mar to April-May

C. May-June to July-Aug

D. Oct-Nov to April-June

3294. What was the top cattle producing country ?
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A. Argentina

B. China

C. United States

D. India
3295. What was the second sheep producing country ?
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A. Australia

B. China

C. United kingdom

D. India

3296. Which soil is best suited for deep rooted crops ?
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A. Red Soil

B. None of these

C. Black soil

D. Literate soil

3297. Champignons are what type of food ?
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A. Fish

B. Fruits

C. Mushrooms

D. Meat

3298. In which country are diamonds abundantly found ?
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A. Russia

B. Canada

C. South Africa

D. Australia