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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کسی واحد مالک اور شراکت کے لئے مالی اعانت کا کون سا ذریعہ دستیاب نہیں ہے؟
Answer: Share issue
Explanation Sole proprietors and partnerships cannot issue shares because they are not incorporated entities like companies. Only companies ( private or public limited ) can raise funds through share issuance .
جب طلب یا رسد مکمل طور پر ______ ہو تو سیلز ٹیکس کا سارا بوجھ فروخت کنندگان پر پڑتا ہے؟
Answer: Elastic; inelastic
Explanation Tax burden depends on elasticity of demand and supply. More inelastic side bears more tax burden. If demand is perfectly elastic , buyers avoid the tax burden. If supply is perfectly inelastic , sellers cannot reduce quantity easily. In that case, sellers bear the entire tax burden. Last verified on 22-04-2026
معاشیات میں ، کسی مصنوع سے حاصل ہونے والی خوشی ، خوشی یا اطمینان کو _______ کہا جاتا ہے؟
Answer: Utility
Explanation In economics, utility refers to the pleasure, happiness, or satisfaction a consumer derives from consuming a product or service. It is a fundamental concept in consumer behavior and helps in decision-making regarding purchases.
وہ حالت جب مارکیٹ میں اشیاء کی بہت زیادہ پیداوار ہو جائے اور قیمت کم ہو جائے، کیا کہلاتی ہے؟
Answer: Market glut
Explanation A market glut occurs when there is excess supply compared to demand. Sellers lower prices to clear stock, causing a price drop. Additional information : Shortage → excess demand, price rises Equilibrium → supply = demand Surplus stock → unsold inventory increases Dumping → selling excess goods at very low prices Last verified on 11-02-2026
سترہ پائیدار ترقی کے اہداف میں پہلا ہدف کس سے متعلق ہے؟
Answer: Poverty Alleviation
Explanation The first SDG is “No Poverty” – to end poverty in all its forms everywhere. It aims to ensure basic needs, access to resources, and social protection for all. Poverty alleviation is crucial for sustainable economic and social development.
ترقی پذیر ممالک کی معیشتوں کی نگرانی کون کرتا ہے
Answer: IMF
Explanation IMF A core responsibility of the IMF is to oversee the international monetary system and monitor the economic and financial policies of its 190 member countries , an activity known as surveillance. The IMF has three main functions: overseeing economic development, lending, and capacity development. Through economic surveillance, the IMF monitors developments that affect member economies as well as the global economy as a whole.
دنیا کی قدیم ترین اسٹاک ایکسچینج کون سی ہے؟
Answer: London stock exchange
Explanation The London Stock Exchange (LSE) is the oldest in the world It is located in Paternoster Square in the City of London, England It was founded by the English financier Thomas Gresham and Sir Richard Clough It was opened by Queen Elizabeth I in 1571 Founded: 30 December 1801
اجتماعی طلب کا منحنی نیچے کی طرف کیوں ڈھلوان رکھتا ہے؟
Answer: All of these
Explanation The Aggregate Demand (AD) curve slopes downward. This means when price level falls , demand increases. It happens due to three main effects. Wealth Effect : Lower prices → higher real wealth → more consumption Interest Rate Effect : Lower prices → lower interest rates → more investment Exchange Rate Effect : Lower prices → exports increase → higher demand Last verified on 24-04-2026
لیزز فیئر کا مطلب کیا ہے؟
Answer: Non-interference of state in economy
Explanation 'Laissez-Faire' means minimal or no government interference in the economy It allowing businesses to operate freely without state interference.
جب کسی شے میں بیرونی لاگت اور بیرونی فوائد دونوں شامل کیے جائیں تو اس کی توازنی قیمت پر کیا اثر پڑتا ہے؟
Answer: Higher than it otherwise would have been
Explanation When both external costs and external benefits are included, we move from private to social equilibrium. External costs raise the true cost, while external benefits increase the true value of the good. Considering both effects leads to a higher socially efficient price compared to the market price. Thus, the equilibrium price becomes higher than before. Last verified on 23-04-2026
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