Economics MCQs MCQs - General Knowledge Practice | PakExamPoint
Practise Economics MCQs MCQs in General Knowledge. Attempt multiple-choice questions, check answers and revise related subtopics.
Economics MCQs MCQs and revision practice
Study Economics MCQs through multiple-choice questions in General Knowledge. This subtopic contains 276 practice questions. Read the wording carefully, compare the options and attempt an answer before checking the solution in learning mode.
Use these Economics MCQs MCQs to identify the facts, rules or methods you need to revise. Where an explanation is available, work through it and write down why your chosen option was correct or incorrect. Revisit difficult questions after reviewing your notes, then use exam mode for timed practice.
پیچھے کی طرف سے ترقی یافتہ معیشت کی طرف معیشت کی ترقی کو کہا جاتا ہے
A. Backwardness
B. Employment
C. Economic development
D. Balance of Payment
Check answer and explanation
Answer: Economic development
Explanation The growth of an economy from backwards to an advanced economy is called Economic Development. Economic development means the change in growth along with progressive changes in socio-economic conditions of country
معاشرے میں ترقی نہیں ہوتی بلکہ صرف اتار چڑھاؤ ہوتا ہے یہ کس نے کہا؟
A. Tonnies
B. Karl Marx
C. None of these
D. Sorokin
Check answer and explanation
Answer: Sorokin
Explanation Sociologists have different views about how societies change. Some believe society develops in a linear way, while others see cycles. The idea that society has no real development but only ups and downs refers to cyclical change . This view was presented by Pitirim Sorokin . He explained that societies move in cycles of growth and decline . Last verified on 23-04-2026
A. A company which does charitable work in poor countries
B. A company having shareholders from more than one country
C. A company that operates only in those countries that do not have import restrictions
D. A company operating in several countries
Check answer and explanation
Answer: A company operating in several countries
Explanation A "multinational" refers to a company that operates in multiple countries. It managing production or delivering services across national borders. This allows the company to have a global presence.
درج ذیل میں سے کون سا ٹیکس نظام معاشی عدم مساوات کو کم کرتا ہے؟
A. Progressive tax
B. Regressive tax
C. Flat rate tax
D. All of these
Check answer and explanation
Answer: Progressive tax
Explanation A progressive tax system taxes higher-income individuals at higher rates. It reduces income inequality by redistributing wealth from rich to poor . Lower-income groups pay less, while higher-income groups contribute more. Thus, it helps in reducing economic disparities in society. Last verified on 22-04-2026
C. People lose a job because their skills are no longer needed
D. People first enter the labour force
Check answer and explanation
Answer: People first enter the labour force
Explanation Frictional unemployment is short-term and temporary. It occurs when people are between jobs or entering the workforce . It is a normal part of a healthy economy . It happens due to job search and transition time . Last verified on 24-04-2026
مندرجہ ذیل میں سے کون سا کاروباری چکر (بزنس سائیکل) کا حصہ نہیں ہے؟
A. Recovery
B. Slump
C. Boom
D. Acceleration
Check answer and explanation
Answer: Acceleration
Explanation The business cycle shows economic fluctuations over time. It has main phases like boom, slump, and recovery . These phases represent expansion and contraction of economic activity. “ Acceleration ” is not a standard phase of the business cycle. Last verified on 24-04-2026
Explanation The Great Depression is widely considered to have begun with the stock market crash in the United States in October 1929. This economic downturn is also known as the Depression of 1929 or the Slump of 1929.
ایک منافع زیادہ کرنے والا اجارہ دار کب اپنا کاروبار بند کرے گا؟
A. None of these
B. If AR at this output is below SAC
C. If MR at this output is below AVC
D. If AR at this output is below AVC
Check answer and explanation
Answer: If AR at this output is below AVC
Explanation A firm should shut down if Average Revenue (AR) is less than Average Variable Cost (AVC) because it cannot cover variable costs. In perfect competition or monopoly, AR = Price, so price < AVC is the shutdown rule. Last verified on 22-04-2026
آٹو موبائل ڈیلر کے ذریعے نئی گاڑی کی فروخت قومی پیداوار کو متاثر نہیں کرے گی۔
A. True
B. False
Check answer and explanation
Answer: True
Explanation National Product (GDP) measures the value of final goods and services produced in an economy. The sale of a new car by a dealer is already included in production when the car is manufactured . Dealer’s sale is only a distribution/transfer within the production chain , not new production. Therefore, it does not add to national product again. Last verified on 23-04-2026
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