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.

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Economics MCQs: questions and answer review

Try each question before opening its answer. Record the concept behind each mistake and revisit it during your next practice session.

251. ______ about future market movements should be based on scientific study.

مستقبل کی مارکیٹ کی نقل و حرکت کے بارے میں سائنسی مطالعہ کس پر مبنی ہونا چاہئے

Check answer and explanation

Answer: Reference

Explanation More details about this question will be shared soon If you know more details about this question, let us know please

252. When stock market is falling it is?

جب اسٹاک مارکیٹ گرتی ہے تو

Check answer and explanation

Answer: Bearish

Explanation A bear market occurs when stock prices fal l significantly over a period of time. Typically, it is defined as a decline of 2 0% or more from recent highs. Bullish: The opposite; a period of rising prices, optimism, and strong economic growth. Crashing: A sudden, severe, and rapid decline in stock prices, usually due to panic or major economic shocks.

253. Patents are ______ barriers to entry and public franchises are ______ barriers to entry.

پیٹنٹس اور پبلک فرنچائزز کس قسم کی مارکیٹ میں داخلے کی رکاوٹیں ہیں؟

Check answer and explanation

Answer: Legal; legal

Explanation Barriers to entry restrict new firms from entering a market. Patents are government-granted rights to protect inventions. Public franchises are government licenses to operate a service. Both are created through laws and regulations . Hence, both are legal barriers to entry. Last verified on 22-04-2026

254. In __ model services like online banking, travel and health information

__ ماڈل سروسز میں جیسے آن لائن بینکنگ، سفر اور صحت کی معلومات

Check answer and explanation

Answer: B2B

Explanation In B2B model services like online banking, travel and health information B2B ecommerce is one of the fastest-growing sales models. B2B ecommerce, or business-to-business electronic commerce , is the sale of goods or services through online transactions between businesses. Manufacturing materials, clothing and semiconductors are B2B examples.

255. Progressive tax rates means a larger fraction of income is taken in the form of taxes as income increases.

ترقی پسند ٹیکس کا مطلب ہے کہ آمدنی بڑھنے کے ساتھ ٹیکس کی شرح بھی بڑھ جاتی ہے۔

Check answer and explanation

Answer: True

Explanation A progressive tax system means tax rates increase as income increases. Higher income groups pay a larger percentage of their income as tax. Lower income groups pay a smaller percentage. This system aims to reduce income inequality. So, the statement correctly describes progressive taxation . Last verified on 23-04-2026

256. Money can be a standard of deferred payments only if the value of money itself?

رقم صرف تب موخر ادائیگیوں کا معیار بن سکتی ہے جب اس کی قدر کیسی ہو؟

Check answer and explanation

Answer: Remains stable

Explanation Money serves as a standard of deferred payments when it can be used to settle future debts . For this function to work properly , the value of money must be stable over time. If the value of money changes, contracts become unfair for either debtor or creditor. Thus, stability of value is essential for this function. Last verified on 23-04-2026

257. What does the term "lender of last resort" refer to in the context of central banking?

مرکزی بینکاری کے تناظر میں "آخری قرض دہندہ" سے کیا مراد ہے؟

Check answer and explanation

Answer: A bank providing loans to commercial banks during times of financial crisis

Explanation The Lender of Last Resort is the central bank role. It provides emergency funds to commercial banks. This happens during financial crisis or liquidity shortage . It helps maintain banking system stability. Last verified on 24-04-2026

258. Human Development Index (HDI) is a composite indicator of ?

ہیومن ڈویلپمنٹ انڈیکس کس کا مجموعی اشاریہ ہے؟

Check answer and explanation

Answer: Income, Health and Education

Explanation The Human Development Index (HDI) measures a country's average achievements in key dimensions of human development: Life expectancy (health) Education level Income (standard of living) New method of HDI Published on 4 November 2010 (and updated on 10 June 2011) It was developed by Pakistani economist Mahbub ul-Haq

259. Which country has longest network of Oil and Gas pipelines in the world?

دنیا میں تیل اور گیس کی پائپ لائنوں کا سب سے طویل نیٹ ورک کس ملک میں ہے؟

Check answer and explanation

Answer: USA

Explanation Top 5 countries of world having longest network of Oil and Gas pipelines: 1. USA 2. Russia 3. Canada 4. China 5. Australia

260. How much of the total export earning is through agriculture?

مجموعی برآمدات کا کتنا حصہ زراعت کے ذریعے حاصل ہوتا ہے؟

Check answer and explanation

Answer: 65%

Explanation In many developing countries , agriculture plays a significant role in the economy. It is estimated that around 65% of total export earnings come from agricultural products. Such as crops, livestock, and fisheries.

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