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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.

All Topics  4423

The main reason why land reform increase agricultural output is that is ?
A encourages mechanization
B allows the farmers to set the prices for their agricultural products
C enables farmers to escape the problem of diminishing return
D makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers
Correct Answer: makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers
Low agricultural productivity in developing countries is mainly caused by ?
A shortages of inputs including land
B an over-investment in farm equipment
C migration from rural areas to urban areas
D a lack of effective demand for food products
Correct Answer: shortages of inputs including land
Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
A stress agricultural development over industrial development
B promote industrial development over agriculture
C use a balanced strategy that promotes both agricultural and industrial development
D stress the importation of agricultural products and the export of manufactured goods
Correct Answer: use a balanced strategy that promotes both agricultural and industrial development
The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?
A the vicious circle of poverty hypothesis
B the dependency theory
C neo-colonialism
D the under-consumptionist hypothesis
Correct Answer: the vicious circle of poverty hypothesis
A policy of developing local industries that can compete with imports is referred to as ?
A export promotion
B industrial promotion
C import substitution
D unbalanced growth
Correct Answer: import substitution
85% of the world’s population lives in developing countries and receives about _____ of the world’s income?
A 40%
B 10%
C 20%
D 30%
Correct Answer: 20%
The term Fourth World has been coined to describe ?
A the newly industrialized countries like Korea, Taiwan Malaysia
B The republics of the former Soviet Union
C Countries that still have a communist government like China and Cuba
D countries that have fallen far behind the economic advances of the rest of the world
Correct Answer: countries that have fallen far behind the economic advances of the rest of the world
If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?
A 3.1 percent
B 3.0 percent
C 18.6 percent
D 18.0 percent
Correct Answer: 3.1 percent
Which of the following government policies is least likely to increase likely to increase growth in Africa ?
A increase expenditure on public education
B eliminate civil war
C All of these answers would increase growth
D increase restrictions on the importing of American tractors and electronics
Correct Answer: increase restrictions on the importing of American tractors and electronics
Our standards of living is most closely related to ?
A how hard we work:
B our supply of capital because everything of value is produced by machinery
C our productivity because our income is equal to what we produce
D our supply of natural resources because they limit production
Correct Answer: our productivity because our income is equal to what we produce
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