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.
طلب کا منحنی کسی شے کی طلب اور کس چیز کے درمیان تعلق ظاہر کرتا ہے؟
A. None of these
B. The money income of consumer
C. The tastes of consumer
D. The price of the commodity
Check answer and explanation
Answer: The price of the commodity
Explanation A demand curve shows the relationship between the quantity demanded of a good and its price. It is drawn by keeping other factors constant (ceteris paribus). As price falls, quantity demanded rises and vice versa. Thus, price is the key variable affecting demand curve. Last verified on 23-04-2026
درج ذیل میں سے کون سی چیز ذاتی آمدنی میں شامل ہوتی ہے لیکن قومی آمدنی میں شامل نہیں ہوتی؟
A. Dividends
B. Wages
C. Interest on Public Debt
D. None of these
Check answer and explanation
Answer: Interest on Public Debt
Explanation National Income includes earnings from production (wages, rent, profit, interest). Personal Income is the income actually received by individuals. Some incomes like interest on public debt are transfer payments, not linked to current production. Hence, they are included in Personal Income but excluded from National Income . Last verified on 22-04-2026
A. The total value of imports and exports of a country
B. Total value of goods and services produced within a country
C. None of these
D. Total government revenue and expenditure in a country
Check answer and explanation
Answer: Total value of goods and services produced within a country
Explanation GDP (Gross Domestic Product) measures the total monetary value of all goods and services produced within a country in a specific time period, usually one year. Additional information : Components of GDP : Consumption (household spending) Investment (business spending) Government spending Net exports (exports − imports) Last verified on 09-02-2026
کسی ملک میں اپنے وسائل کے ساتھ ساتھ ____ کو غیر ملکی وسائل کے ذریعہ تیار کردہ کل پیداوار؟
A. GDP
B. None of these
C. GNP
D. NDP
Check answer and explanation
Answer: GDP
Explanation The total output produced in a country, including that from both domestic and foreign resources, is called Gross Domestic Product (GDP). GDP represents the total market value of all final goods and services produced within a country's borders in a specific time period.
Explanation Green Sukuk – Key Points (Economic Survey 2024-25) : Issued : May 2025 , worth Rs 30 billion . Purpose : To fund eco-friendly projects. Projects: Garuk Dam (Balochistan), Nai Gaj Dam (Sindh), Shagarthang Project (Gilgit-Baltistan). Investor Response : Oversubscribed due to strong demand. Significance : Marked Pakistan’s move toward global green financing standards.
کس حالت میں معیشت کو کساد بازاری میں سمجھا جاتا ہے؟
A. If real GDP falls for two consecutive quarters
B. If real GDP falls in one quarter compared with the quarter before
C. If real GDP falls for two consecutive years
D. None of these
Check answer and explanation
Answer: If real GDP falls for two consecutive quarters
Explanation A recession refers to a decline in economic activity. It is commonly measured by changes in real GDP. The standard definition uses consecutive declines in GDP over quarters. Many economists use two successive quarters of falling GDP. Last verified on 22-04-2026 aa
افراطِ زر کے دوران ڈیویڈنڈ حاصل کرنے والے کی حقیقی آمدنی عام طور پر کیسی ہوتی ہے؟
A. Less than before
B. More than before
C. Unaffected
D. None of these
Check answer and explanation
Answer: Less than before
Explanation Inflation means a general rise in prices, reducing purchasing power . Dividend income depends on company profits and may rise during inflation . However, prices usually rise faster than dividends. So, the real income (purchasing power) of dividend earners generally decreases. Last verified on 22-04-2026
Explanation In 2018 , the United States imposed $60 billion in tariffs on China under President Donald Trump , citing unfair trade practices and intellectual property theft. This move was a key part of the US-China trade war , aimed at reducing the trade deficit and pressuring China to change its economic policies.
وہ اصول جس کے مطابق بینکوں کو اپنی جمع شدہ رقوم کا ایک مخصوص حصہ نقد یا محفوظ اثاثوں کی صورت میں رکھنا لازمی ہو، اسے کیا کہتے ہیں؟
A. Reserve requirement
B. Deposit requirement
C. Lending requirement
D. None of these
Check answer and explanation
Answer: Reserve requirement
Explanation Banks are required to keep a portion of deposits as safe reserves . This ensures financial stability and customer withdrawals. Central banks set this requirement as a monetary policy tool. It is called the reserve requirement . Last verified on 22-04-2026
A. Include variables such as the price level and inflation rate
B. Are those that determine the standard of living
C. Are those that determine the cost of living
D. None of these
Check answer and explanation
Answer: Are those that determine the standard of living
Explanation Real variables measure quantities adjusted for price changes. They reflect actual production, income, and living standards. Examples include real GDP, real wages, and employment . They are different from nominal variables (which include prices). Real variables determine the standard of living. Last verified on 22-04-2026
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