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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آزاد تجارت کیا ہے؟
Answer: Good and services can be bought and sold across international borders
Explanation A free trade agreement reduces barriers to imports and exports between countries by eliminating all or most tariffs, quotas, subsidies, and prohibitions.
Answer: $75 billion
Explanation To find consumption spending, we can use the GDP formula: GDP = Consumption (C) + Investment (I) + Government Spending (G) + Net Exports (NX) Given: GDP = $100 billion Government Spending (G) = $20 billion Investment (I) = $10 billion Net Exports (NX) = -$5 billion (negative because it's an import) We rearrange the formula to solve for consumption: Consumption (C) = GDP - (Investment + Government Spending + Net Exports) Substituting the given values: Consumption (C) = $100 billion - ($10 billion + $20 billion - $5 billion) = $100 billion - $25 billion = $75 billion . Last verified on 24-04-2026
منافع پیداوار کے دیگر عوامل کی آمدنی سے کیوں مختلف ہیں؟
Answer: They fluctuate
Explanation In economics , profits are the reward for entrepreneurship. Unlike wages, rent, or interest , profit is not fixed or guaranteed. It depends on business performance, risk, and market conditions. Profits can be high, low, or even negative (loss). Therefore, profits are different because they fluctuate . Last verified on 23-04-2026
اس کے درجہ بندی کے لحاظ سے ، فضلہ کے انتظام کا بہترین طریقہ _____ ہے؟
Answer: Source reduction
Explanation Source reduction is the most preferred method in the waste management hierarchy because it prevents waste generation at the source , avoiding the need for disposal or recycling. It reduces resource consumption, pollution, and costs associated with waste handling, making it the most sustainable approach.
ٹرانسفر آمدنی کی بہترین تعریف کیا ہے؟
Answer: Does not represent income for production of goods and services
Explanation Transfer income refers to payments received without providing any productive service in return. It is not earned income from production of goods or services. Examples include pensions, unemployment benefits, and social welfare payments. It is mainly a redistribution of income within society. So, it is income that does not represent production activity. Last verified on 23-04-2026
Answer: Goods X and Y are complements to each other
Explanation Demand function shows relation of quantity with price and income . Own price coefficient (-1.3) follows law of demand. Cross -price coefficient (-1.8) is negative → goods are complements . Income coefficient (+2) → good is normal. Last verified on 24-04-2026
وہ معلومات جو محقق سماجی تحقیق کے لیے براہِ راست میدان سے حاصل کرتا ہے، کیا کہلاتی ہیں؟
Answer: Primary data
Explanation In research, data is collected to study social phenomena. Data collected directly from the field by the researcher is original. It is gathered through surveys, interviews, or observation . Such data is called primary data . It is the most reliable for firsthand information. Last verified on 23-04-2026
چار شعبوں والی معیشت میں جی ڈی پی بڑھنے پر کون سا عنصر ہمیشہ بڑھتا ہے؟
Answer: M
Explanation GDP ↑ → Income ↑ Imports (M) ↑ due to higher consumption Exports (X) : not dependent on domestic GDP directly Government spending (G) : policy decision Model: C + I + G + (X − M) Last verified on 22-04-2026
پاکستان میں مانیٹری پالیسی کی تشکیل کا ذمہ دار ہے۔ ____
Answer: State Bank of Pakistan
Explanation The State Bank of Pakistan (SBP) is responsible for the formulation of monetary policy in Pakistan. It manages the country's monetary policy to ensure economic stability and control inflation.
فرض کریں رعایتی شرح %10 سالانہ ہے، درج ذیل میں سے کون سا بیان درست ہے؟
Answer: The present value of Rs. 1,331 in three years’ time is Rs. 1,000
Explanation At 10% per year for 3 years: PV = FV / (1.10)³ 1.10³ = 1.331 So Rs. 1,331 in 3 years → PV = 1331 / 1.331 = Rs. 1,000 True statement: The present value of Rs. 1,331 in three years’ time is Rs. 1,000 Last verified on 22-04-2026
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