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.
دیگر تمام حالات برابر ہوں تو مہنگائی کس چیز کا باعث بنے گی؟
A. A decrease in the external value of money
B. A budget deficit
C. None of these
D. An increase in the supply of money
Check answer and explanation
Answer: A decrease in the external value of money
Explanation Inflation means a general rise in the price level in an economy. When prices increase, the value of money decreases. This reduces the purchasing power of currency in international markets. As a result, the external value (exchange value) of money falls. So, inflation leads to a decrease in the external value of money . Last verified on 23-04-2026
اس وقت کس ملک میں معاشی بحران اور تیل کی قلت کے خلاف زبردست مظاہرے ہو رہے ہیں؟
A. Maldives
B. Kenya
C. Sri-Lanka
D. Indonesia
Check answer and explanation
Answer: Sri-Lanka
Explanation In early 2022, Sri Lankans started experiencing power cuts and shortages of basics such as fuel. The rate of inflation rose t o 50% a year. NA23-7-2023
جب اسٹیٹ بینک ملک میں کرنسی کی سپلائی کم کرنا چاہتا ہے تو _____؟
A. Sells government securities
B. None of these
C. Lowers discount rate
D. Buys government in stock market
Check answer and explanation
Answer: Sells government securities
Explanation When the State Bank wants to decrease the money supply, it sells government securities. This action takes money out of circulation as buyers pay for the securities. This thereby reducing the amount of money available in the economy.
Answer: A prolonged decline in cryptocurrency prices
Explanation “ Crypto Winter ” refers to a prolonged period of falling cryptocurrency prices . During this time, market values drop sharply, and investor confidence is low. Additional information: Examples: 2018 crypto crash after Bitcoin’s 2017 peak. Term is similar to a “ bear market ” in traditional finance. Last verified on 22-01-2026
Explanation The Theory of Comparative Advantage explains international trade benefits. It was developed by David Ricardo . Published in 1817 ( Principles of Political Economy and Taxation ). Countries should specialize in goods where they have lower opportunity cost. This increases global efficiency and trade gains. Last verified on 24-04-2026
مندرجہ ذیل میں سے کون سا بیان مقررہ وسیلہ کے بارے میں درست ہے؟
A. The quantity of it that a firm can use in the short run is fixed
B. The quantity of output that the firm can produce with it is fixed
C. None of these
D. Its price is fixed
Check answer and explanation
Answer: The quantity of it that a firm can use in the short run is fixed
Explanation In economics , inputs are factors used in production. A fixed input cannot be changed in the short run . Examples include land, machinery, and buildings . Firms cannot increase or decrease its quantity quickly. Therefore, its quantity remains fixed in the short run . Last verified on 22-04-2026
بالواسطہ ٹیکس کی سب سے زیادہ آمدنی کس کے ذریعے حاصل ہوتی ہے؟
A. GST
B. Customs duty
C. Wealth tax
D. Income tax
Check answer and explanation
Answer: GST
Explanation Indirect taxes are levied on goods and services rather than income. Among them, General Sales Tax (GST) is the largest source of indirect tax revenue in many countries, including Pakistan. It is charged on consumption of goods and services . Because of its broad base , it generates high revenue. Last verified on 23-04-2026
Explanation The poverty line is the minimum level of income needed to meet basic needs. Traditionally, it is determined based on minimum calorie intake required for survival. This ensures individuals can afford essential food for healthy living. Hence, calorie intake is the standard measure in many countries . Last verified on 23-04-2026
پاکستان کے لیے حالیہ آئی ایم ایف پیکج کس پروگرام پر مشتمل ہے؟
A. Standby Arrangement (SBA)
B. Rapid Financing Instrument (RFI)
C. Poverty Reduction and Growth Trust (PRGT)
D. Extended Fund Facility (EFF)
Check answer and explanation
Answer: Extended Fund Facility (EFF)
Explanation The recent IMF package for Pakistan is a 37-month, $7 billion loan approved in September 2024 Under the Extended Fund Facility (EFF). In December 2025, around $1 billion was released under the EFF.
مندرجہ ذیل میں سے اقتصادی ترقی کے بارے میں کون سا بیان غلط ہے؟
A. Economic growth can be helped by using tidal power
B. Economic growth can be helped by having new technology
C. Economic growth solves the economic problem
D. Economic growth can be helped with more education
Check answer and explanation
Answer: Economic growth solves the economic problem
Explanation Economic growth means an increase in a country’s production (GDP). It can be improved by better resources and efficiency . Factors like technology, education, and energy sources support growth. However, growth does not remove scarcity completely . Last verified on 22-04-2026
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