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.

Demand deposits are?

Investment rate in Pakistan is around?

Pakistan produces of its oil requirements?

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

Who wrote “An Introduction to Positive Economics”?

Besides increase in output, economic development is concerned with?

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

Commercial banks accept deposits and provide?

This step will increase investment in Pakistan?

Banks prepare their balance sheet?

It is direct tax?

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

Normal profit is?

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

Normative economics?

Supply usually lags behind in the case of?

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

Contribution of agriculture in Pakistan’s national income is?

Balance of payments of a country has parts?

The cause of high inflation is?

This step will increase saving in Pakistan?

The shape of rectangular hyperbola is made by?

What is the currency of Bangladesh?

The traditional economy is characterised by?

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

The price of a commodity is fixed?

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

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

Which of the following is a characteristic feature of a modern economy?

Largest sector of Pakistan economy is?

In the world population-wise Pakistan is?

It increases rate of capital formation?

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

Which of the following is not a corporate enterprise?

Real national income increases when?

Ceteris paribus means?

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

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

The labour of Nature is paid, not because she does much, but because she does little. In proportion as she becomes niggardly in her gifts, whe exacts a greater price for her work.” Who made this observation?

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

Balance of payments of a country includes?

In economics, assumptions?

The necessary condition for equilibrium position of a firm is?

Pakistan’s saving rate is?

All inputs can be varied?

Economics is a science” the basis of this statement is?

Three basic economic problems?

It is considered as investment?

Pakistan is an economy?

Father of political economy?

Economic problems arise because of?

These are heads of expenditure of the government EXCEPT?

Whom of the following propounded principles of taxation?

Working population is percent of total population of Pakistan?

Which statement relates to macroeconomics?

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

A firm earns economic profit when total profit exceeds?

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

The most important source of income of a government is?

At point of satiety, marginal utility is?

Passive factor of production is?

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

Economics is?

In Monopoly at various output levels?

Which one is per capita income?

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

The most important factor in economic development is?

The economy of Brazil is mostly dependent on?

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

Adam Smith was a?

The basic goal of a firm is to?

Microeconomics concentrates?

Economics is a science?

The Strategy of Economic Development” is the work of?

The entrepreneur?

Identify the author of “Mathematical Analysis for Economists?

Population growth rate in Pakistan is?

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

Who among the following is a famous economist?

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

The largest automobile manufacturing centre in the world is at?

Contribution of industrial sector in Pakistan’s GDP is?


Banks discount it and advance loans?

Which of the following is closest to the concept of economic production?

Which of the following is a non-economic activity?

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?

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

What is the main function of money?

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

Macroeconomic deals with?

Elasticity of Demand explains the relationship between?

He described economics as a science of material welfare?

Whose opinions have revolutionised the scope of macro economics ?

Most of our exports consist of?

Profit is maximum when?

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

Unit cost is another name for?

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

In Poland the demand of ‘Solidrity’ is for?

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