M C Q s D r i v e

Economics Mcqs 4423 MCQs [All-Courses]

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Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

According to the Principle of absolute advantage Japan should ?
A Export steel
B Export DVDs
C Exports steel and DVDs
D There is no basis for gainful specialization and trade
Correct Answer: There is no basis for gainful specialization and trade
The opportunity cost of one DVD in Japan is ?
A One ton of steel
B Two tons of steel
C Three tons of steel
D Four tons of steel
Correct Answer: One ton of steel
Sialkot is also famous for Saddles & ?
A musical instruments
B agriculture machinery
C harvesters
D paper manufacturing
Correct Answer: musical instruments
Surgical instruments are made in ?
A Wazirabad
B Sialkot
C Lahore
D Gujranwala
Correct Answer: Wazirabad
The agro based industry is ?
A Woodwork
B Dairy farms
C Carpets
D Iron work
Correct Answer: Dairy farms
The Chiniot city is known for its ornate brickwork and ?
A laquer work
B fire work
C wooden work
D None of them
Correct Answer: wooden work
The ratio of Industrial progress in the country is ?
A 4.3%
B 5.4%
C 6.2%
D 8.6%
Correct Answer: 8.6%
Space Satellite Badr II was launched on December 10, 2001 when Pakistan launched Pak Sat I ?
A December 29, 2002
B December 25, 2002
C January 25, 2003
D February 15, 2003
Correct Answer: January 25, 2003
The first nuclear power plant was set up in Karachi in ?
A 1971
B 1970
C 1972
D 1973
Correct Answer: 1972
The biggest Industry of Pakistan is ?
A cement
B Sugar
C Textile
D Paper
Correct Answer: Textile