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
3301. Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?
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A. Monetarist Policies

B. Keynesian policies

C. Classical policies

D. Supply-side policies
3302. Which is the most important crop of the Nile delta ?
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A. Sugarcane

B. Cotton

C. None of the above

D. Maize

3303. 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
3304. According to the classical economists, those who are not working ?
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A. have given up looking for a job but would accept a job at the current wage if one were offered to them.

B. are too productive to be hired at the current wage

C. have chosen not to work at the market wage

D. are unable to find a job at the current wage rate

3305. Among the worlds largest cotton growing countries. Pakistan stands at number ?
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A. Eight

B. Four

C. Six

D. Three

3306. Which country is the biggest producer of wool in the world ?
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A. Australia

B. USA

C. Russia

D. Pakistan

3307. The crop most susceptible to frost is ?
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A. red gram

B. Cotton

C. Wheat

D. black gram

3308. Which of the following is an agricultural produce of Taiwan ?
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A. Rice

B. Coffee

C. Maize

D. None of the above

3309. Which of the following countries is the leading producer of rice in the world ?
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A. Cuba

B. China

C. Argentina

D. Australia

3310. Governments may contribute to inflationary pressure because of building up large ?
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A. expenditures

B. budget deficits

C. numbers of employees

D. welfare plans

3311. For which agricultural produce Sudan is famous and which comes under Tropical Grassland Region ?
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A. Millets

B. Cotton

C. Coffee

D. Barley

3312. If the income tax rate changes from 30% to 40% on income over Rs30,000 and a persons income is Rs 31,000 then her marginal tax rate is ?
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A. 30%

B. 70%

C. 40%

D. 10%

3313. In which of crops Russia does not lead ?
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A. Barley

B. Wheat

C. Cotton

D. Sugarcane
3314. Demography is a scientific study of human population with respect to ?
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A. size, structure, and composition of population

B. Size of population

C. structure of population

D. composition of population

3315. Tobacco, a product of high commercial value these days and which grows under a wide range of climates is a major plantation of ?
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A. USA

B. Argentina

C. China

D. Cuba

3316. Possible causes of involuntary unemployment are ?
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A. efficiency wages

B. minimum wage agreements

C. insider-outsider distinctions

D. all of the above

E. trade

F. scale economies

3317. In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?
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A. the long-run aggregate demand curve is horizontal at the natural rate of inflation

B. the long run aggregate demand curve is vertical at potential GDP

C. The long run supply curve is horizontal at the natural rate of inflation

D. the long run aggregate demand curve is vertical at potential GDP

3318. What was the second chicken producing country ?
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A. United States

B. China

C. Indonesia

D. Brazil

3319. One principle in the theory of mercantilism is that colonies should be_____________?
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A. Considered an economic burden for the colonial power

B. granted independence as soon as possible

C. acquired as markets and sources of raw materials

D. encouraged to develop their own industries

3320. What was the top milk producing country ?
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A. France

B. United States

C. Russia

D. Germany

3321. Which of the following countries is the leading producer of rice ?
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A. China

B. Argentina

C. Cuba

D. Australia

3322. Which of the following countries lead in the production of chromites in the world ?
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A. Canada

B. China

C. USA

D. South Africa
3323. The degree of urbanisation of any given community is indicated by its?
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A. population size

B. All of the above

C. population density

D. population heterogeneity

3324. What was the third buffalo producing country ?
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A. Pakistan

B. Nepal

C. India

D. China
3325. What was the top mild producing country ?
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A. Germany

B. France

C. Russia

D. United States
3326. When the period of Kharif crop starts and when ends ?
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A. April-June, Oct-Sept

B. Jan-May Oct-Sept

C. April-May, Oct-Dec

D. April-July, Oct,Nov

3327. What was the top buffalo producing country ?
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A. Nepal

B. India

C. China

D. Pakistan

3328. Which state is in the US produces the most blueberries ?
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A. New Jersey

B. New York

C. Alabama

D. Texas

3329. What country had the second largest area of forest?
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A. United States

B. Brazil

C. Russia

D. Canada

3330. Which country leads in production of barley among the following ?
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A. USA

B. India

C. Canada

D. China

3331. The emergence of Japan as a world economic power has been based mostly on Japans ?
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A. abundance of fossil fuels

B. strong traditional of military rule

C. business enterprise and organization

D. development of nuclear power

3332. In the classical model, potential output cannot be increased by ?
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A. better technology

B. higher labor supply

C. more capital

D. monetary growth
3333. Which of the following types of coal represents the first stage of formation of coal ?
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A. Bituminous

B. Peat

C. Anthracite

D. Lignite

3334. The crop most susceptible to frost is_______________?
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A. red gram

B. black gram

C. cotton

D. Wheat
3335. What country is third most covered by forests ?
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A. Surinam

B. Solomon Islands

C. French Guiana

D. Gabon

3336. Which of the following practices of cultivation can be referred to as crop rotation ?
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A. None of the above

B. Different crops in the same season

C. Different crops in different seasons

D. The same crop in different seasons

3337. What was the top sheep producing country ?
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A. India

B. Australia

C. United Kingdom

D. China
3338. Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nations strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?
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A. command

B. mercantile

C. feudal

D. traditional

3339. Which country produced the most rubber ?
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A. India

B. Indonesia

C. Thailand

D. Malaysia

3340. What was the second milk producing country ?
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A. France

B. United States

C. Russia

D. Germany

3341. The low heating capacity of which of the types of coal reduces its value as an industrial fuel ?
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A. Lignite

B. Bituminous coal

C. Anthracite

D. Peat
3342. What was the third sheep producing country ?
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A. China

B. Australia

C. India

D. England

3343. Brassical in the Latin name for what spice ?
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A. Salt

B. basil

C. mustard

D. pepper

3344. Which of the following countries is the worlds largest producer of coal ?
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A. Pakistan

B. USA

C. Russia

D. China
3345. Which of the following countries is known as sugar bowl ?
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A. Cuba

B. Argentina

C. China

D. USA

3346. Which of the following is a kharif crop ?
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A. Rice

B. Wheat

C. Gram

D. None of these

3347. To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?
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A. a more open market

B. an equality of trade position

C. a belief system

D. a favorable balance of trade
3348. Demography is the social science of ?
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A. Type of attitude

B. A person

C. population

D. Mid of the way

3349. Which is the largest cotton producing country in the world ?
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A. USA

B. Egypt

C. India

D. China
3350. Which of the following is an agricultural produce of Taiwan ?
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A. Maize

B. Rice

C. Coffee

D. None of these