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.
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.
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کاروباری چکر کا وہ مرحلہ جس میں حقیقی جی ڈی پی بڑھ رہا ہو، اسے کیا کہتے ہیں؟
Answer: Expansion
Explanation The business cycle shows economic ups and downs. When real GDP is increasing, the economy is growing. This upward phase is called expansion . It includes rising income, output, and employment . Last verified on 24-04-2026
گھٹیا اشیاء وہ اشیاء ہیں جو؟
Answer: Have negative income elasticity
Explanation Inferior goods are goods whose demand decreases when income increases. They have a negative income elasticity of demand. When people become richer , they buy less of these goods. Example: low-quality food, cheap transport . Last verified on 24-04-2026
مرکزی بینک کی مانیٹری پالیسی کا بنیادی مقصد کیا ہے؟
Answer: Achieving price stability and controlling inflation
Explanation The central bank’s main goal is to maintain price stability. It controls inflation and deflation in the economy. Monetary policy regulates money supply and interest rates. Stable prices ensure economic growth and stability. Last verified on 24-04-2026
کس یورپی ملک نے اپنے معاملات کے انتظام کے لیے فنڈز وصول کیے؟
Answer: Poland
Explanation Poland has received significant amounts of funding from the European Union. These funds are often for managing various aspects of the country's affairs Other European countries like Italy and France also receive EU funds, But Poland is often highlighted as a major recipient
آبادی میں پیدائشوں کی شرح کو کیا کہتے ہیں؟
Answer: Fertility
Explanation In population studies, different terms describe birth, death, and movement. Birth-related measures focus on how often births occur in a population . The term used for actual number of births is fertility . It reflects real reproductive performance in a population. So, frequency of births is measured by fertility . Last verified on 23-04-2026
سرمایہ دارانہ معاشرے میں پیداوار کا مسئلہ کس کے ذریعے حل کیا جاتا ہے؟
Answer: The preferences of the consumer
Explanation In a capitalist society , production decisions are mainly controlled by the market system . Producers make goods based on what people want to buy . Consumer demand plays the most important role in deciding production. Last verified on 23-04-2026
________ فنڈز بنیادی طور پر آمدنی کی سطح، منصوبوں، اور اقتصادی انتظام میں کامیابی کی بنیاد پر مختص کیے جاتے ہیں۔
Answer: ADB
Explanation ADB abbreviation Asian Development Bank ADB obtains its funding by i ssuing bonds on the world's capital markets . It also relies on the contributions of member countries , retained earnings from lending operations, and the repayment of loans. (ADB) is a regional development bank established on 19 December 1966 headquartered located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world ND20-6-2023
مندرجہ ذیل میں سے کون سی چیز ضرورت کی طلب کو بہتر طور پر بیان کرتی ہے؟
Answer: It is both price and income inelastic
Explanation Necessities are basic goods required for daily life , such as food and water . Their demand does not change much with changes in income or price. People must buy them even if prices rise or income falls . Therefore, demand for necessities is relatively unresponsive . This means it is both price inelastic and income inelastic. Last verified on 23-04-2026
عالمگیریت سے مراد _____ کیا ہے؟
Answer: More integral and interdependent world
Explanation Globalization refers to the increasing interconnectedness of countries through trade, technology, culture, and communication . It leads to economic and social integration , influencing markets, governance, and cultural exchanges on a global scale.
آسٹریلیا سیاسی طور پر مستحکم ہونے کے باوجود بری صورتحال کا سامنا کر رہا ہے۔ وجہ کیا ہے؟
Answer: Poor GDP growth
Explanation Despite Australia's political stability, the country is grappling with significant economic challenges The most pressing issue is poor GDP growth Australia faces multifaceted challenges, including declining productivity, structural budget issues, and external economic pressures .
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