Economics Mcqs Online with Answers

Economics is a study of man in the ordinary business of life. It enquirers how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man. Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses. Economics is the social science that studies the production, distribution, and consumption of goods and services.Economics focuses on the behavior and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions.Economics is the science that deals with the production, allocation, and use of goods and services. It is important to study how resources can best be distributed to meet the needs of the greatest number of people. As we are more connected globally to one another, the study of economics becomes extremely important.Just follow the Mcqs online quiz being dispatched over here with respect to your preparation for entry admission test NTS PPSC OTS PTS and miscellaneous job exams simultaneously.

Here we have large collection of Economics Mcqs for all Students and jobs test preparation purpose. These Economics Mcqs will be updated on daily basis and added more multiple choice question about Economics frequently.You can prepare your Economics Subject for different classes like 9th class, 10th class ,11th class 12th class exams, Entry Test like MCAT NTS ,OTS ,PTS ,BTS, GTS, Jobs Test,Recruitment Test like PPSC CSS FPSC SPSC KPPSC and interviews here.

Economics Mcqs Online With Answers for NTS PPSC Entry Test Classes


Latest Economics Mcqs Online with Answers.

These are principles of taxation?

Profit and loss-sharing is an element of this system:

The Law of Diminishing Returns applies to?

It is considered as investment?

One of the following is NOT a feature of private finance?

According to Marshall, the basis of consumer surplus is?

Identify the economist who had little formal education and started working in the money market at an early age of fourteen?

The entrepreneur?

Most of our exports consist of?

Economics is a science?

The rate of growth of an economy mainly depends upon?

Profit is maximum when?

Literacy rate in Pakistan is?

Normative economics?

Investment rate in Pakistan is around?

Excise tax is a part of?

MC is given by?

Who wrote “An Introduction to Positive Economics”?

Cash cannot be obtained from bank against?

Which one is per capita income?

Final balance of payments of a country is?

Balance sheet of a bank has two parts?

Microeconomics concentrates?

Characteristics of economic laws are?

Rupee is a coin?

When banks prepare their balance sheets, they show the money lent in?

The Communist Manifesto, written jointly by Marx and Engel’s, was published in?

Devaluation means?

Commercial banks accept deposits and provide?

All inputs can be varied?

Pakistan follows the policy of?

Ceteris paribus means?

Taxes are levied to?

Unit cost is another name for?

Identify the school founded by Wilhelm Roscher?

The sum of money paid on shares to a shareholder by a public limited company out of its profits is called?

Balance of payments of a country includes?

Where is the headquarters of the European Economic Community?

Size of Pakistan’s 8th plan was in rupees?

Who among the following is a famous economist?

Who has given scarcity definition of economics ?

Among the following Noble Prize winners for Economics one is an Austrian economist. Identify him?

The worker’s real wage depends on?

Invisible items in balance of payments include?

It is considered as transfer payments?

Which of the following is not a corporate enterprise?

The necessary condition for equilibrium position of a firm is?

Basic economic problem is?

As output increases?

Whom of the following propounded principles of taxation?

The largest automobile manufacturing centre in the world is at?

If Japanese import more goods from Pakistan (other things remain same)?

Which of the following is an economic activity?

Pakistan started its first five-year plan in?

Corporate enterprises refer to?

If GNP of Pakistan rises, it will encourage?

The power of a bank to create credit is affected by?

Adam Smith was a?

With which activity is the Wall street in New York, U.S.A. associated?

Which of the following is a non-economic activity?

To determine the correct level of GNP, it is necessary to?

The cause of high inflation is?

It creates difficulties in measurement of national income of Pakistan?

Which statement is true?

The shape of rectangular hyperbola is made by?

According to Pakistan Economic Survey, per capita income of Pakistan in U.S. dollars is?

Rent is a creation of value, not of wealth.” Who made this observation?

Pakistan produces of its oil requirements?

The real price of every thing, what every thing really costs to the man who wants to require it, is the toil and trouble of acquiring it. Who made this statement?

Father of political economy?

One of the following is NOT a feature of private finance?

Supply usually lags behind in the case of?

In the world population-wise Pakistan is?

Banks charge higher rate of interest on the score of?

Macroeconomic deals with?

Which statement relates to macroeconomics?

Purchase of a ceiling fan by a household is treted in national income accounting as a part of?

Which of the following is an economic flow?

Human Welfare is the subject of Economics.” This statement is associated with the name of which of the economists ?

In Monopoly at various output levels?

The economy of Brazil is mostly dependent on?

What is the currency of Myanmar?

At point of satiety, marginal utility is?

Which theory is generally included under micro economics ?

Marginal utility is equal to average utility at that time when average utility is?

Profit is maximum when?

Three basic economic problems?

Which of the following is NOT a characteristic of underdeveloped countries?

Exchange rate for currencies is determined by supply and demand in system of?

Which of the following world be a ‘fixed cost’ to a manufacturing firm?

When was Adam Smith’s major work “An Enquiry into the Nature and Causes of Wealth of Nations” published?

The banks can give loans?


Contribution of industrial sector in Pakistan economy is?

Under law of demand?

Profit is maximum when?

The stationary state as envisaged by Adam Smith, is marked by?

Which of the following is an example of primary production?

Which of the following is the currency of Nepal?

Transfer payments are not included in national income because?

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