Economics Subject Important MCQs Online Test Preparation for PPSC, FPSC, NTS

Who is called the father of Economics ?

Largest sector of Pakistan economy is __?

The study of inflation is part of ?

The cause of inflation is ?

When the stock market is Rising it is ?

Resources in an economy ?

Economic development is measured on the basis of ?

Pakistan’s fiscal years starts from ?

Oil is measured in barrels. What is the abbreviation for barrels_____?

What is deflation_____?

When we know the quantity of a product that buyers wish to purchase at each possible price we know______?

If a price increase of good A increases the quantity demanded of good B, then good B is a______?

Inflation is______?

The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?

A share or an interest in an enterprise, especially a financial share, is called ?

A payment is made in return for some transference of privilege (Natural Resources). What this payment is called_____?

Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?

An increase in supply generally ______ price and ______ quantity demanded.

In a monopolistic competition, a business finds its maximum-profit position where_____?

The term “Oligopoly” means ____?

The term “Recession” refers to the ?

When price of a commodity increased by 3%, the quantity demanded decreased by 5%.  The quantity is said to have ?

Which economic term is used to measure the overall performance of an economy?

Fiscal policy consists of government’s____?

Goods produced to produce yet other goods is called_____?

The fundamental concept of Economics about resources is that the resources are_____?

What is called a country’s total financial obligations to the rest of the world ?

Downsizing is_____?

Cost of production plus a fixed rate of profit is called ?

Point out the term for producer goods such as machinery that is used in production of commodities ?

What is called the trade of goods or services without the exchange of money ?

Which one is per capita income __?

Literacy rate in Pakistan is __?

Latest Amnesty Scheme announced in __?

The continues rise in price is known as __?

Net income or net profit is equal to __?

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is________?

A man spend Rs. 3300. This was 75% of his monthly income. His monthly income is__________?

The average of first 10 even numbers is___________?