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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.

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

Working population is percent of total population of Pakistan?

Final balance of payments of a country is?

Which one of the following theories of trade cycle was propounded by W.S. Jevons?

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

According to Marshall, the basis of consumer surplus is?

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?

Investment rate in Pakistan is around?

It is considered as investment?

A positive statement?

Pakistan started its first five-year plan in?

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

Invisible items in balance of payments include?

This step will increase investment in Pakistan?

Pakistan is an economy?

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

He described economics as a science of material welfare?

Besides increase in output, economic development is concerned with?

Which of the following is an economic activity?

Normative economics?

The worker’s real wage depends on?

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

The division of labour, according to Adam Smith, is limited by?

It increases rate of capital formation?

The concept of economic growth is?

If indirect taxes are deducted from NNP and subsidies are added, we achieve?

The basic goal of a firm is to?

Which of the following is an economic flow?

Pakistan produces of its oil requirements?

It is considered as transfer payments?

The banks can give loans?

Banks discount it and advance loans?

Unit cost is another name for?

Economics is?

Taxes on commodities are?

The four factor payments are?

Ceteris paribus means?

The Law of Diminishing Returns applies to?

The price of a commodity is fixed?

Which of the following is not an indicator of economically underdeveloped countries?

Macroeconomic deals with?

Taxes are levied to?

Three basic economic problems?

Transfer payments are not included in national income because?

Where is the headquarters of the European Economic Community?

The law of demand states that other things being equal there is?

These are principles of taxation?

Supply usually lags behind in the case of?

The cause of high inflation is?

Changes in the standard of living of the people in a country are indicated best by changes in the?

It is direct tax?

Who stated explicitly for the first tirr the law of comparative costs?

These are heads of expenditure of the government EXCEPT?

Commercial banks accept deposits and provide?

Which of the following is a non-economic activity?

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

Excise tax is a part of?

Profit is maximum when?

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

Characteristics of economic laws are?

The first railway line in India was laid between?

Profit is maximum when?

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

Largest sector of Pakistan economy is?

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

Identify the school founded by Wilhelm Roscher?

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

In the world population-wise Pakistan is?

Which statement relates to macroeconomics?

Who is generally regarded as the founder of the “Classical School”?

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

What is the currency of Myanmar?

The shape of rectangular hyperbola is made by?

Economic laws are?

Economic laws are?

If GNP of Pakistan rises, it will encourage?

The largest automobile manufacturing centre in the world is at?

Balance sheet of a bank has two parts?

The Strategy of Economic Development” is the work of?

ch is NOT a cause of shift in cost curves of a firm?

Contribution of agriculture in Pakistan’s national income is?

Whom of the following propounded principles of taxation?

Rupee is a coin?

Real national income increases when?

Whose opinions have revolutionised the scope of macro economics ?

Banks prepare their balance sheet?

Among the following determinants of growth, which is a non-economic factor?

Contribution of industrial sector in Pakistan’s GDP is?

A closed economy is one which?

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?

Economic profit is?

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

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

Balance of payments of a country includes?

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

Which statement is true?

What is the complete name of the World Bank?

Literacy rate in Pakistan is?

Pakistan’s saving rate is?

Identify the work of Irving Fisher?

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