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.
A. Different tasks are allocated to different people
B. Each worker is self sufficient
C. Everyone is skilled workers
D. None of these
Check answer and explanation
Answer: Different tasks are allocated to different people
Explanation Specialization of labour means dividing work into different tasks. Each worker focuses on a specific job or part of production . This increases efficiency, skill, and productivity . It reduces time waste and improves output quality. It is widely used in modern industries and factories . Last verified on 23-04-2026
لین دین کی ضرورت کے لیے رقم کی طلب موجودہ کس چیز کی سطح پر منحصر ہوتی ہے؟
A. None of these
B. Rate of interest
C. Income
D. Profit
Check answer and explanation
Answer: Income
Explanation In Keynesian Theory , people demand money for transactions (buying goods & services). This transaction motive depends mainly on the current level of income . Higher income → more spending → higher demand for money . Thus, income is the key determinant. Last verified on 23-04-2026
منی مارکیٹ میوچل فنڈز کس میں سرمایہ کاری کرتے ہیں؟
A. Highly liquid assets
B. Commercial real estate
C. Long-term Government securities
D. None of these
Check answer and explanation
Answer: Highly liquid assets
Explanation Money Market Mutual Funds (MMMFs) invest in short-term, safe financial instruments. Their main goal is liquidity and capital preservation. They avoid risky or long-term investments. They focus on easily convertible assets. Therefore, they invest in highly liquid assets . Last verified on 22-04-2026
کارگو اور نقل و حمل کے لئے مندرجہ ذیل میں سے کون سا سب سے سستا ذریعہ ہے؟
A. Air Transport
B. Railways
C. Water Transport
D. Land Transport
Check answer and explanation
Answer: Water Transport
Explanation Water transport is the cheapest mode for cargo and transportation, especially for bulk goods over long distances. It has low fuel costs compared to land, air, and rail transport , making it economical for heavy shipments.
وسیع پیمانے پر مصنوعات پر عائد محصول کو کیا کہتے ہیں؟
A. None of these
B. Income Tax
C. Customs Duty
D. Sales Tax
Check answer and explanation
Answer: Sales Tax
Explanation A sales tax is a tax imposed by the government on a wide range of goods and services. It is collected at the point of sale from consumers. Additional information : Sales tax is usually a percentage of the sale price, e.g., 17% in Pakistan . Last verified on 22-01-2026
فری رائیڈر مسئلہ اس وقت پیدا ہوتا ہے جب لوگوں کو خارج کرنا ممکن ہو۔
A. True
B. False
Check answer and explanation
Answer: False
Explanation The free rider problem occurs when people can benefit without paying. This happens mainly in public goods that are non-excludable . If exclusion is possible, free riding can be prevented . So, free rider problems arise when exclusion is not feasible . Therefore, the statement is incorrect . Last verified on 23-04-2026
مندرجہ ذیل میں سے کون سا عنصر طلب کی منحنی کو منتقل نہیں کرتا؟
A. None of these
B. Income
C. The price of the good itself
D. Taste
Check answer and explanation
Answer: The price of the good itself
Explanation Demand for a good is influenced by several factors such as income, tastes, and expectations . These factors shift the entire demand curve left or right . However, the price of the good itself does not shift the demand curve. Instead, it causes movement along the demand curve. So, it is not a determinant that shifts the curve. Last verified on 23-04-2026
Answer: Structural deficit plus the cyclical deficit
Explanation The actual budget deficit is the total government deficit in a given year. It has two main parts: structural and cyclical deficits . Structural deficit exists even at full employment. Cyclical deficit changes with the business cycle. Therefore, actual deficit = structural + cyclical deficit . Last verified on 22-04-2026
A. B + including resident's foreign currency deposits
B. None of these
C. A + total deposits of non-government sector
D. C + other deposits with State Bank of Pakistan
Check answer and explanation
Answer: A + total deposits of non-government sector
Explanation Broad Money (M2) - ( liability side ), is measured as A + total deposits of non-government sector . M2 is a broader measure of the money supply, encompassing not just physical cash (currency in circulation) but also various deposits held by the public with banks.
کس بین الاقوامی تنظیم نے 50 بلین ڈالر کا عالمی ویکسینیشن پلان تجویز کیا ہے؟
A. World Bank
B. International Monetary Fund
C. None
D. Asian Development Bank
Check answer and explanation
Answer: International Monetary Fund
Explanation The International Monetary Fund has proposed a $50 billion global vaccination plan for the world, which aims to vaccinate at least 40% of the global population by the end of the year 2021. The proposal for $50 billion is expected to be in the form of grants, Governmental resources , and concessional financing. ND04-08-2023
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