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.

Macroeconomic deals with?

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

Invisible items in balance of payments include?

A firm earns economic profit when total profit exceeds?

Which of the following is the currency of Nepal?

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

MC is given by?

Profit is maximum when?

In the world population-wise Pakistan is?

In Poland the demand of ‘Solidrity’ is for?

Cash cannot be directly drawn from a bank against?

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

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

It is considered as transfer payments?

Which statement is true?

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

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?

Excise tax is a part of?

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

Supply usually lags behind in the case of?

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

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

Which theory is generally included under micro economics ?

Which of the following is an example of primary production?

Economic laws are?

Identify the work of Irving Fisher?

GNP is always?


It creates difficulties in measurement of national income of Pakistan?

Balance of payments of a country includes?

The National Rural Employment Programme focuses particularly on?

Normal profit is?

Economic problems arise because of?

Whom of the following propounded principles of taxation?

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

Economics is?

Ceteris paribus means?

The Strategy of Economic Development” is the work of?

Average growth rate of Pakistan’s national income in past five years have been?

This step will increase saving in Pakistan?

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

Pakistan produces of its oil requirements?

Who among the following well-known economists graduated from the London School of Economics?

Microeconomics concentrates?

Basic economic problem is?

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

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

What is the main function of money?

Which of the following is an economic activity ?

These are principles of taxation?

Transfer payments are not included in national income because?

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

These are heads of expenditure of the government EXCEPT?

Passive factor of production is?

Three basic economic problems?

Corporate enterprises refer to?

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

Which one is per capita income?

Balance of payments of a country has parts?

Pakistan’ income is low because?

When total utility becomes maximum, then marginal utility will be?

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

Whose opinions have revolutionised the scope of macro economics ?

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

The most important factor in economic development is?

Cash cannot be obtained from bank against?

Who has given scarcity definition of economics ?

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

The basic goal of a firm is to?

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

The basic goal of a firm is to?

Economics is a science?

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

Microeconomics concentrates?

The largest automobile manufacturing centre in the world is at?

Profit is maximum when?

Banks prepare their balance sheet?

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

Balance sheet of a bank has two parts?

Balance of payments of a country includes?

In economics, assumptions?

Characteristics of economic laws are?

The banks can give loans?

Taxes are levied to?

It is considered as investment?

The four factor payments are?

As output increases?

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

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

Who among the following is a famous economist?

Investment rate in Pakistan is around?

Largest sector of Pakistan economy is?

Devaluation means?

If GNP of Pakistan rises, it will encourage?

At point of satiety, marginal utility is?

It is direct tax?

Which statement is true?

What is the currency of Myanmar?

Banks discount it and advance loans?

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

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