Economics Mcqs
Q.1: What is the GDP growth of Pakistan in 2021 ?,
A. 2.5
B. 3.9
C. 4.2
D. None of these
Q.2: Normally a demand curve will have the shape:_________?6
A. Horizontal
B. Vertical
C. Downward Sloping
D. Upward Sloping
Q.3: Oligopoly means:___________?
A. Business by rich people
B. Monopoly shared by few large sellers$
C. Just one supplier of an item
D. None of the above
Q.4: Which indicator/s is/are used in the Human Development Index(HDI)?B
A. Standard of Living
B. Life Expectancy
C. Education
D. All
Q.5: Country with the largest GNP (Gross National Product) is:________?B
A. China
B. Germany
C. Japan
D. United States
Q.6: Name the country which has the largest natural gas reserves in the world ?J
A. India
B. Canada
C. Italy
D. Russia
Q.7: The Book An Inquiry into the Nature and Causes of the Wealth of Nations is written by[
A. Adam Smith
B. David Ricardo
C. Malthus
D. J. M. Keynes
Q.8: Adam Smith was __________?
A. An Economist
B. A scientist
C. A philosopher
D. None of these
Q.9: Seigniorage is a source of revenue for central banks earned from_____________?T
A. Issuance of Debt securities
B. Issuance of notes andcoins
C. Dollar Reserves
D. All of above
Q.10: If price consumption curve will be horizontal on x-axes then elasticity of demand will be:___________?f
A. Equal to 1
B. Greater than 1
C. Less than 1
D. Equal to 0

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