Practise Economics MCQs MCQs in General Knowledge. Attempt multiple-choice questions, check answers and revise related subtopics.
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.
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Answer: Maximizes profits
Explanation In perfect competition , firms follow the rule P = MC. This is the point where profit is maximized . If P > MC → firm can increase profit by producing more. If P < MC → firm should reduce output. Last verified on 24-04-2026
ایکویٹی اور قرض کے اختلاط کو کیا کہتے ہیں؟
Answer: Capital Structure
Explanation Capital structure refers to the mix of debt and equity financing that a company uses to fund its operations and growth. It is the combination of liabilities (debt) and shareholders' equity (equity) that makes up a company's capitalization.
Answer: $4 trillion
Explanation Real GDP = Nominal GDP / (GDP deflator / 100) Real GDP = 5 / (125/100) = 5 / 1.25 = $4 trillion Last verified on 22-04-2026
اسکوانٹ اصل کی طرف کیوں مُنحنی ہوتا ہے؟
Answer: Diminishing marginal rate of substitution between factors
Explanation An isoquant shows different combinations of two inputs (like labor and capital) that produce the same output. It is convex to the origin due to the diminishing marginal rate of substitution (MRTS) between factors. This means as one input increases, more and more of the other input is needed to maintain the same output. This reflects realistic production behavior in economics. Last verified on 22-04-2026
چھوٹے پیمانے پر صنعتیں ہیں اور انہیں کم سرمایہ کی ضرورت ہے۔ _____
Answer: Cottage industries
Explanation Cottage industries are small-scale industries that require low capital . They are often run from homes . Examples include handicrafts, pottery, weaving, and embroidery.
اعداد و شمار کے مجموعے میں معیاری انحراف کیا ظاہر کرتا ہے؟
Answer: The average distance from the mean
Explanation Standard deviation measures how data values are spread out. It shows the average distance of data points from the mean. Small standard deviation = data is closely packed . Large standard deviation = data is widely spread . Last verified on 24-04-2026
لوگوں کے کس جسم کو کبھی کبھی 'چوتھی اسٹیٹ' کہا جاتا ہے؟
Answer: The Press
Explanation The press is referred to as " The Fourth Estate ". Due to its role in influencing public opinion and holding other branches of government accountable. This role complements the functions of the judiciary, executive, and legislature , which are considered the three main estates of government.
مجموعی قدرِ اضافہ اور خالص قدرِ اضافہ میں فرق کیا ہے؟
Answer: Depreciation
Explanation Gross Value Added (GVA) includes total value of output before depreciation. Net Value Added (NVA) excludes depreciation (wear and tear of capital). The difference between them is consumption of fixed capital ( depreciation ). So, depreciation is the key adjustment factor. Last verified on 24-04-2026
اشیاء اور خدمات کا براہِ راست تبادلہ کس کہلاتا ہے؟
Answer: Barter
Explanation The direct exchange of goods and services without using money is called barter . It is the oldest form of trade used before the invention of money . In this system, goods are exchanged for other goods directly. However, it suffers from problems like lack of double coincidence of wants . Last verified on 22-04-2026
اقوامِ متحدہ ہر سال آٹھ ارب ڈالر کس کام پر خرچ کرتی ہے؟
Answer: Peace keeping
Explanation The UN has spent approximately $8 billion annually on its peacekeeping missions in previous years (for example, in 2016 the budget was in excess of $8bn, while more recent figures put it around $7 billion).
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