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.

It is considered as investment?

It increases rate of capital formation?

Identify the author of “The Principles of Political Economy and Taxation”?

Economics is the Science of Wealth” who gave this definition ?

Balance of payments of a country includes?

Normative economics?

Who among the following is a non-resident of India?

Normal profit is?

In which year was the first volume of Das Capital be Karl Marx published?

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

Identify the school founded by Wilhelm Roscher?

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

What is the complete name of the World Bank?

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

Which of the following is generally regarded as the true index of economic growth?

He described economics as a science of material welfare?

Passive factor of production is?

Invisible items in balance of payments include?

Economic problems arise because of?

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

It is direct tax?

Who wrote “An Introduction to Positive Economics”?

The shape of rectangular hyperbola is made by?

The worker’s real wage depends on?

Economics is a science?

Pakistan is an economy?

Which statement relates to macroeconomics?

Which of the following is a non-economic activity?

Profit is maximum when?

Devaluation means?

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?

It creates difficulties in measurement of national income of Pakistan?

Corporate enterprises refer to?

Total utility of a commodity is measured by which price of that commodity ?

Economic laws are?

Contribution of agriculture in Pakistan’s national income is?

The banks can give loans?

Economic profit is?

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

If GNP of Pakistan rises, it will encourage?

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

It is considered as transfer payments?

The concept of economic growth is?

Elasticity of Demand explains the relationship between?

Microeconomics concentrates?

Balance of payments of a country includes?

Cash cannot be directly drawn from a bank against?

Pakistan follows the policy of?

Balance sheet of a bank has two parts?

Which theory is generally included under micro economics ?

Three basic economic problems?

Which of the following is inconsistent with Adam Smith’s theory of development?

The largest automobile manufacturing centre in the world is at?

Taxes on commodities are?

The National Rural Employment Programme focuses particularly on?

The most important source of income of a government is?

Profit is maximum when?

A firm’s MR exceeds its MC, maximum profit rule requires that firm to?

Which of the following is the currency of Nepal?

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

Pakistan’s per capita income at constant prices in rupees is?

Real national income increases when?

Whom of the following propounded principles of taxation?

Identify the work of Irving Fisher?

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

Ceteris paribus means?

For inferior commodities, income effect is?

Which of the following is an example of primary production?

MC is given by?

These are heads of expenditure of the government EXCEPT?

Among the various determinants of the growth of national wealth Adam Smith accorded central place to?

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

Which is most likely to cause a more even distribution of income?

What is the main function of money?

Who is the author of “Problems of Capital Formation in Underdeveloped Countries”?

Which statement is true?

The most important factor in economic development is?

What is the currency of Myanmar?

Progressive taxes?

The Critique of Political Economy, the first fruits of Karl Marx’s long painstaking research at the British Museum, appeared in?

Economic law?

All inputs can be varied?

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

One of the following economists do not belong to the Austrian School. Identify him?

The Law of Diminishing Returns applies to?

Govt. prepares its budget?

NI = NE is an?

Population growth rate in Pakistan is?

Taxes are levied to?



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

An Enquiry into the Nature and Causes of Wealth of Nations” is the book of economist?

Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay’s Tableu Economique published?

Who has given scarcity definition of economics ?

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

Which of the following is an economic activity?

What is the currency of Bangladesh?

The Strategy of Economic Development” is the work of?

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

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