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

Economics Subject Important MCQs Online Test Preparation

In this blog, every information about Economics Important MCQs Online Test Preparation . These all questions we have collected from Past Papers & helping books. These MCQs most repeated in FPSC, PPSC, NTS jobs entry test. The main purpose of these MCQs is to enhance your knowledge about Economics all topics. These are all types of multiple chose questions, that will lead you in final entry test exams.

Economics All Topics Online Entry Test (Pakistan)

Many candidates, those have applied for any jobs like PPSC, FPSC, NTS and in some other testing services. They need now preparations for the final entry test. So, by keep these all points in mind, we have conducted that online assessment test.

Start “Economics” MCQs Assessment Test

We collected all important Economics MCQs from past papers & Text Books. For solve that test click on ” START” button. Best of Luck !

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Economics Entry Test

There are all important MCQs about "Economics" Subject.

1 / 40

Who is called the father of Economics ?

2 / 40

Largest sector of Pakistan economy is __?

3 / 40

The study of inflation is part of ?

4 / 40

The cause of inflation is ?

5 / 40

When the stock market is Rising it is ?

6 / 40

Resources in an economy ?

7 / 40

Economic development is measured on the basis of ?

8 / 40

Pakistan’s fiscal years starts from ?

9 / 40

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

10 / 40

What is deflation_____?

11 / 40

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

12 / 40

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

13 / 40

Inflation is______?

14 / 40

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 ?

15 / 40

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

16 / 40

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

17 / 40

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 ?

18 / 40

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

19 / 40

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

20 / 40

The term “Oligopoly” means ____?

21 / 40

The term “Recession” refers to the ?

22 / 40

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

23 / 40

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

24 / 40

Fiscal policy consists of government’s____?

25 / 40

Goods produced to produce yet other goods is called_____?

26 / 40

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

27 / 40

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

28 / 40

Downsizing is_____?

29 / 40

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

30 / 40

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

31 / 40

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

32 / 40

Which one is per capita income __?

33 / 40

Literacy rate in Pakistan is __?

34 / 40

Latest Amnesty Scheme announced in __?

35 / 40

The continues rise in price is known as __?

36 / 40

Net income or net profit is equal to __?

37 / 40

In a class of frequency distribution 14 - 18, the 18 is____?

38 / 40

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________?

39 / 40

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

40 / 40

The average of first 10 even numbers is___________?

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