MCQOPTIONS
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MCQOPTIONS
This section includes 864 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge (GK) knowledge and support exam preparation. Choose a topic below to get started.
| 751. |
Internal economies - |
| A. | arise when there is expansion in an industry. |
| B. | arise in an economy as it makes progress. |
| C. | accrue to a firm when it expands its output. |
| D. | arise when there is expansion in internal trade. |
| Answer» B. arise in an economy as it makes progress. | |
| 752. |
According to a UN report, the number of people in the world having no access to clean drinking water are: |
| A. | 70.4 million |
| B. | 90.2 million |
| C. | 1.1 billion |
| D. | 1.8 billion |
| Answer» D. 1.8 billion | |
| 753. |
Returns to scale is a - |
| A. | timeless phenomenon |
| B. | directionless phenomenon |
| C. | short-run phenomenon |
| D. | long-run phenomenon |
| Answer» E. | |
| 754. |
Stagflation refers to a situation which is characterized by - |
| A. | stagnant employment and deflation |
| B. | deflation and rising unemployment |
| C. | inflation and rising employment. |
| D. | inflation and rising unemployment |
| Answer» E. | |
| 755. |
Which of the following country will provide financial aid for the construction of Gwadar Port and Makran Coastal highway in Balochistan? |
| A. | China |
| B. | Canada |
| C. | USA |
| D. | Russia |
| Answer» B. Canada | |
| 756. |
Which of the following is not Pakistan's major imports? |
| A. | Petroleum |
| B. | Machinery |
| C. | Surgical goods |
| D. | Tea |
| Answer» D. Tea | |
| 757. |
Which Division of Punjab produces maximum wheat crop? |
| A. | Bahawalpur Division |
| B. | Faislabad Division |
| C. | Lahore Division |
| D. | Multan Division |
| Answer» E. | |
| 758. |
In which Division of Punjab, the ratio of females in population is 10% more than males? |
| A. | Multan |
| B. | D.G. Khan |
| C. | Gujranwala |
| D. | Lahore |
| Answer» E. | |
| 759. |
The share of Cotton crop in the total cropped area of Punjab is approximately. |
| A. | 16.0% |
| B. | 18.0% |
| C. | 25.0% |
| D. | 39.0% |
| Answer» B. 18.0% | |
| 760. |
Family Planning Programme was started in Pakistan in: |
| A. | 1952 |
| B. | 1955 |
| C. | 1957 |
| D. | 1959 |
| Answer» B. 1955 | |
| 761. |
The number of family welfare centres in Punjab are: |
| A. | 560 |
| B. | 940 |
| C. | 1230 |
| D. | 1503 |
| Answer» C. 1230 | |
| 762. |
The United Nations celebrated International Year of Shelter for the Homeless in: |
| A. | 1985 |
| B. | 1987 |
| C. | 1990 |
| D. | 1992 |
| Answer» C. 1990 | |
| 763. |
Which of the following countries first introduced paper currency in the world? |
| A. | USA |
| B. | Greece |
| C. | China |
| D. | France |
| Answer» D. France | |
| 764. |
Savings rate is relatively low in developed economies because of - |
| A. | Low per capita income |
| B. | Welfare programmes |
| C. | Liquidity/ Borrowing constraint |
| D. | High interest rate |
| Answer» C. Liquidity/ Borrowing constraint | |
| 765. |
Funds that flow into a country to take advantage of favourable rates of interest in that country are known as |
| A. | Hard currency |
| B. | Hot money |
| C. | Soft currency |
| D. | Bad money |
| Answer» C. Soft currency | |
| 766. |
ho defined 'Rent' as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil? |
| A. | Ricardo |
| B. | Marshall |
| C. | Keynes |
| D. | Plgou |
| Answer» B. Marshall | |
| 767. |
If an industry is characterized by economies of scale then - |
| A. | barriers to entry are not very large |
| B. | long run unit costs of production decreases as the quantity the firm produces increases |
| C. | capital requirement are small due to the efficiency of the large scale operation |
| D. | the costs of entry into the market are likely to be substantial |
| Answer» C. capital requirement are small due to the efficiency of the large scale operation | |
| 768. |
Identify the total percentage of population in the country, having access to safe and clean water supply. |
| A. | 40% |
| B. | 52% |
| C. | 59% |
| D. | 68% |
| Answer» D. 68% | |
| 769. |
The ratio of the total increase in a country s national income to the increment in export revenue generating the increase is called: |
| A. | Export Surplus |
| B. | Export Incentive |
| C. | Export Multiplier |
| D. | All of the above |
| Answer» D. All of the above | |
| 770. |
How much of GDP is spent on Agricultural Research in Pakistan? |
| A. | 0.02 percent |
| B. | 0.6 percent |
| C. | 1.5 percent |
| D. | 1.9 percent |
| Answer» D. 1.9 percent | |
| 771. |
In the total population of Pakistan, the share of Balochistan is approximately : |
| A. | 3% |
| B. | 5% |
| C. | 7% |
| D. | 9% |
| Answer» C. 7% | |
| 772. |
In the total population of Pakistan, the share of Punjab province is approximately : |
| A. | 50% |
| B. | 55% |
| C. | 60% |
| D. | 62% |
| Answer» D. 62% | |
| 773. |
Engel's Law states the relationship between - |
| A. | quantity demanded and price of a commodity |
| B. | quantity demanded and price of substitutes |
| C. | quantity demanded and tastes of the consumers |
| D. | quantity demanded and income of the consumers |
| Answer» E. | |
| 774. |
Out of total wheat production in Pakistan, Punjab contributes around : |
| A. | 65% |
| B. | 73% |
| C. | 79% |
| D. | 83% |
| Answer» C. 79% | |
| 775. |
Which of the following programmes was financially supported by UNICEF in Pakistan during 1982-1986? |
| A. | To reduce infant mortality |
| B. | To reduce maternal mortality |
| C. | To double the literacy rate among women |
| D. | All of the above |
| Answer» E. | |
| 776. |
The charge made for the use of borrowed money levied as a percentage of the amount of debt is refered to as: |
| A. | Credit |
| B. | Interest |
| C. | Share |
| D. | Insurance |
| Answer» C. Share | |
| 777. |
United Nations World Food Programme commenced its operation in Pakistan during: |
| A. | 1963 |
| B. | 1965 |
| C. | 1968 |
| D. | 1972 |
| Answer» D. 1972 | |
| 778. |
he annual record for all the monetary transactions of a country with other countries of the world is known as - |
| A. | Balance of trade |
| B. | Balance of monetary-receipts |
| C. | Balance of payments |
| D. | Balance Sheet |
| Answer» D. Balance Sheet | |
| 779. |
Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? |
| A. | GDP |
| B. | GPN |
| C. | OMP |
| D. | GNP |
| Answer» E. | |
| 780. |
The stocks of gold and foreign currencies held by a country to finance any calls that may be made from its creditors for the debt settlement are known as |
| A. | Foreign exchange reserves |
| B. | Gold reserves |
| C. | Gold and foreign exchange reserves |
| D. | None of the above |
| Answer» D. None of the above | |
| 781. |
According to the Employment Outlook 2007 reports of the Organisation for Economic Cooeration and Development (OECD), the number of new jobs created in India every year from 2000 to 2005 is - |
| A. | 5 million |
| B. | 8 million |
| C. | 11 million |
| D. | 13 million |
| Answer» D. 13 million | |
| 782. |
If a country devalues its currency, its - (1) |
| A. | Exports become cheaper and imports become costlier |
| B. | (2) Exports become costlier and imports become cheaper. |
| C. | Exports value is equivalent to imports value |
| D. | No effect on exports and imports |
| Answer» B. (2) Exports become costlier and imports become cheaper. | |
| 783. |
Quasi rent is a phenomenon. |
| A. | medium term |
| B. | long term |
| C. | short term |
| D. | no time |
| Answer» D. no time | |
| 784. |
The study of whole economic systems aggregating over the functioning of individual units. Specifically, it is study of national economies and the determination of national income. It is known as |
| A. | Microeconomics |
| B. | Keynesian Economics |
| C. | Macroeconomics |
| D. | Mathematical Economics |
| Answer» D. Mathematical Economics | |
| 785. |
Economic rent refers to - |
| A. | Payment made for the use of labour |
| B. | Payment made for the use of capital |
| C. | Payment made for the use of organisation |
| D. | Payment made for the use of land |
| Answer» E. | |
| 786. |
Prices unadjusted for changes in the purchasing power of money are called: |
| A. | Historic Prices |
| B. | Current Prices |
| C. | Market Prices |
| D. | None of the above |
| Answer» C. Market Prices | |
| 787. |
Which law of economics states that with given preferences or tastes, the proportion of income spent on food diminishes as income increase ? |
| A. | Common Law |
| B. | Engel s Law |
| C. | Newton s Law |
| D. | None of the above |
| Answer» C. Newton s Law | |
| 788. |
In the total population of Pakistan, the percentage of income tax payers is only : |
| A. | 1.05% |
| B. | 1.75% |
| C. | 2.01% |
| D. | 3.4% |
| Answer» B. 1.75% | |
| 789. |
What percentage of population in Pakistan is under the age of 15? |
| A. | 38% |
| B. | 40% |
| C. | 45% |
| D. | 50% |
| Answer» D. 50% | |
| 790. |
The use of borrowing to finance an excess of expenditure over income is known as: |
| A. | Deficit Financing |
| B. | Debt Retirement |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. Debt Retirement | |
| 791. |
Pakistan's domestic saving rate of GNP is: |
| A. | 7% |
| B. | 9% |
| C. | 11% |
| D. | 14% |
| Answer» D. 14% | |
| 792. |
Sums of money for which account has to be made are called: |
| A. | Obligation |
| B. | Liabilities |
| C. | Misfortune |
| D. | Burden |
| Answer» C. Misfortune | |
| 793. |
The total area Pakistan has under forestation is estimated at: |
| A. | 5,062 million acres |
| B. | 8,095 million acres |
| C. | 9,900 million acres |
| D. | 12,300 million acres |
| Answer» C. 9,900 million acres | |
| 794. |
From which of the following countries, Pakistan received the biggest share of workers remittances during the year 2000? |
| A. | UAE |
| B. | Kuwait |
| C. | Saudi Arabia |
| D. | USA |
| Answer» D. USA | |
| 795. |
In economics, Gold Standard is the monetary system where in all form of legal tender may be converted on demand, into fixed quantities of gold. In 1816, the first country to go on the gold standard was: |
| A. | United States |
| B. | United Kingdom |
| C. | Spain |
| D. | France |
| Answer» C. Spain | |
| 796. |
Buying and selling with a view to buying and selling at a profit later when the prices have changed is termed: |
| A. | Surmising |
| B. | Speculation |
| C. | Guesswork |
| D. | Estimate |
| Answer» C. Guesswork | |
| 797. |
Identify the world s richest man and his organization: |
| A. | John Walton - Wal Mart stores USA |
| B. | Bill Gates Microsoft - USA |
| C. | Lawrence Ellison Oracle USA |
| D. | None of the above |
| Answer» C. Lawrence Ellison Oracle USA | |
| 798. |
The reduction in value of an asset as reduction in the value of currency is known as: |
| A. | Appreciation |
| B. | Devaluation |
| C. | Depreciation |
| D. | All of the above |
| Answer» D. All of the above | |
| 799. |
Why is rent earned by land even in the long run? |
| A. | Land has original and indestructible power |
| B. | Land is a man made factor |
| C. | Its supply is inelastic in the short run |
| D. | Its supply is inelastic in the long run |
| Answer» E. | |
| 800. |
An association of producers to regulate prices by restricting output and competition is called |
| A. | Cartel |
| B. | Monopoly |
| C. | Merger |
| D. | None of the above |
| Answer» B. Monopoly | |