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.
کسی ملک میں ایک سال میں پیدا ہونے والے تمام سامان اور خدمات کے ساتھ دیگر ذرائع آمدنی (مثلاً، زرِ مبادلہ، غیر ملکی امداد، بیرونِ ملک رقوم، قرضے وغیرہ) کو کیا کہتے ہیں؟
A. GDP
B. GNP
C. None of these
D. NNP
Check answer and explanation
Answer: GNP
Explanation GNP (Gross National Product) measures the total economic output of a country including goods, services, and income from abroad . It accounts for domestic production plus net income from foreign sources. Useful for comparing the overall economic performance of nations. Last verified on 03-02-2026
اگر ایک قومی مہم کامیابی سے لوگوں کو درآمد شدہ مہنگی اشیاء کے بجائے مقامی مصنوعات استعمال کرنے کی ترغیب دے تو اس کا سب سے براہِ راست نتیجہ کیا ہوگا؟
A. A guaranteed increase in due country's literacy rate and employment ratio
B. None of these
C. An improvement in the trade balance and support for domestic industries
D. The immediate creation of a regional economic union
Check answer and explanation
Answer: An improvement in the trade balance and support for domestic industries
Explanation Promoting local goods reduces dependence on imports. It increases demand for domestic industries . It helps improve the country’s trade balance . More local production supports economic stability. It strengthens the national economy . Last verified on 11-04-2026
مکمل مقابلہ میں منافع زیادہ کرنے والی فرم کہاں پیداوار کرتی ہے؟
A. Always in the range where AP is rising
B. Never in the range where MP is diminishing
C. Always in the range where MP is diminishing
D. Only in the first stage of production
Check answer and explanation
Answer: Always in the range where MP is diminishing
Explanation In perfect competition, a firm maximizes profit where MC = MR. This point occurs in the second stage of production . In this stage, Marginal Product (MP) is diminishing but positive. So, firms always operate where MP is decreasing . Last verified on 24-04-2026
Explanation The size of the market depends mainly on the level of productivity in an economy. Higher productivity increases output, income, and demand. This expands buying capacity and widens the market. Thus, productivity is the key factor determining market size. Last verified on 23-04-2026
جب تمام درآمدات اور برآمدات پر کوئی ٹیرف نہیں لگایا جاتا ہے تو اسے کیا کہا جاتا ہے؟
A. Free Trade
B. Preferental Trade
C. Balance of trade
D. Non-Tariff Barriers
Check answer and explanation
Answer: Free Trade
Explanation Free trade refers to a trade policy where a country does not impose any tariffs, quotas, or other restrictions on imports or exports . This means that goods and services can be traded between countries without any government interference or protectionism .
Explanation Direct taxes are not included in Disposable Personal Income (DPI) because DPI represents income after deducting taxes. Net National Product (NNP) is calculated before accounting for direct taxes, so it does not include them either.
مقابلہ علاقائی طور پر بڑھ کر تصادم میں تبدیل ہو جاتا ہے یہ کس نے کہا؟
A. Park
B. Eldredge
C. None of these
D. Bogardus
Check answer and explanation
Answer: Bogardus
Explanation In sociology, social processes include competition and conflict. Competition may intensify and turn into conflict over time. This transition explains how rivalry can become open struggle. The idea is linked with sociological theories of social interaction. It is attributed to Bogardus . Last verified on 23-04-2026
فرض کریں ایک چار شعبوں والی معیشت میں ایک مہینے کے دوران انجیکشنز لیکجز سے زیادہ ہوں۔ درج ذیل میں سے کون سا بیان غلط ہے؟
A. Output is likely to be increased
B. Actual investment will be less than planned investment
C. Planned spending will be greater than output
D. Planned investment must exceed planned saving
Check answer and explanation
Answer: Actual investment will be less than planned investment
Explanation In a four-sector economy , injections include investment, government spending, and exports . Withdrawals include savings, taxes, and imports . If injections > withdrawals , aggregate demand exceeds output. This leads to rising production and adjustment in the economy. Last verified on 22-04-2026
Explanation The resource mobilization approach explains how resources are gathered and used for development . It focuses on the behavior of individuals, groups, and organizations . At the same time, it also considers the overall economic environment . So, it includes both micro-level and macro-level perspectives. Therefore, it is based on both micro and macro economics . Last verified on 23-04-2026
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