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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ایسا بازار جس میں چند سپلائرز غلبہ رکھتے ہوں، اسے کس کہتے ہیں؟
Answer: Oligopoly
Explanation Oligopoly is a market dominated by a few large suppliers or firms. Each supplier can influence prices and market decisions . Common in industries with high investment costs or specialized products. Last verified on 03-02-2026
کون سا مفروضہ انڈیفرینس کرو کو اصل کی طرف محدب بناتا ہے؟
Answer: A diminishing Marginal Rate of substitution
Explanation An indifference curve shows combinations of two goods giving the same satisfaction. It is convex to the origin because of the diminishing marginal rate of substitution (MRS). As a consumer substitutes one good for another, the willingness to substitute decreases. This reflects normal consumer behavior and balanced preferences. Last verified on 22-04-2026
پچیس (25) جنوری 2024 کو کونسی کمپنی کی مارکیٹ ویلیو ریکارڈ 3$ ٹریلین تک پہنچ گئی؟
Answer: Microsoft
Explanation On January 25, 2024 , Microsoft reached a $3 trillion market capitalization for the first time . It became the second company ever to achieve this milestone after Apple in 2022. Microsoft briefly surpassed the mark during intraday trading, joining the $3 trillion club.
معاشرہ قدرتی معیشت کا ایک مصنوعی ذریعہ ہے کی تعریف کس نے دی؟
Answer: Adam Smith
Explanation Adam Smith , known as the father of modern economics , emphasized the role of economic systems in shaping society. The definition highlights society as a structure developed to manage economic activities . Last verified on 23-04-2026
کلاسیکی معاشی نظریہ کے مطابق اگر زر کی مقدار کم ہو جائے تو کیا ہوگا؟
Answer: Lower the price level in the economy
Explanation According to Classical Theory , output is fixed at full employment level. Changes in money supply affect only price level , not output. Decrease in money supply leads to lower demand and falling prices . So, only price level decreases , output remains unchanged . Last verified on 24-04-2026
جب کوئی ملک درآمدی محصول لگاتا ہے تو اس کی آفر کرو پر کیا اثر پڑتا ہے؟
Answer: To shift it away from the import-commodity axis
Explanation An offer curve shows how much a country is willing to export and import at different terms of trade. When a country imposes an import tariff , it reduces its demand for imports. As a result, the offer curve shifts away from the import-commodity axis . This reflects lower willingness to trade at previous terms. Last verified on 22-04-2026
سیلز ٹیکس کو متناسب کہا جاتا ہے کیونکہ خریداری کی مقدار سے قطع نظر ایک ہی شرح لاگو ہوتی ہے۔
Answer: True
Explanation A proportional tax means the tax rate remains the same regardless of income or purchase size. Sales tax is charged at a fixed percentage on the value of goods . Whether the purchase is small or large , the same rate applies. So, the tax burden increases proportionally with spending. Therefore, the statement is correct . Last verified on 23-04-2026
مندرجہ ذیل میں سے کون سا تجارت کا بنیادی کام ہے؟
Answer: To facilitate exchange of goods and services
Explanation The main function of commerce is to help in the smooth exchange and distribution of goods and services from producers to consumers. It connects production and consumption through trade and transport.
پاکستان کی غیر رسمی معیشت کل معیشت کا تقریبا کتنا فیصد ہے؟
Answer: 40%
Explanation Around 40% of Pakistan’s economy functions in the informal or undocumented sector . This sector includes unregistered businesses and untaxed activities contributing significantly to the GDP.
اجارہ داری کی مارکیٹ ساخت کی کون سی خصوصیت ہے؟
Answer: A single firm producing a good that lacks close substitutes
Explanation Monopoly is a market with only one seller . The firm produces a product with no close substitutes. It has full control over price (price maker). Entry of new firms is restricted or blocked . Last verified on 24-04-2026
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