Explore topic-wise MCQs in Economics Mcqs.

This section includes 189 Mcqs, each offering curated multiple-choice questions to sharpen your Economics Mcqs knowledge and support exam preparation. Choose a topic below to get started.

1.

What country is the second most covered by forests ?

A. French Guiana
B. Suriname
C. Solomon Islands
D. Gabon
Answer» D. Gabon
2.

The highest grade of coal whose surface is shining and has the highest calorific value is ?

A. Lignite
B. Peat
C. Bituminous
D. Anthracite
Answer» E.
3.

Which one of the following was the most important condition for the growth of the early cities ?

A. Discoveries of new trades
B. Increase in population
C. Surplus food production
D. Technological innovations
Answer» B. Increase in population
4.

Which situation has contributed most recent Japanese economic growth ?

A. The Japanese government has place limits on Japanese exports
B. Japanese industries spend very little on the research and development of new products
C. The Japanese government and Japanese businesses have cooperated with each other
D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do
Answer» D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do
5.

One principle in the theory of mercantilism is that colonies should be_____________?

A. granted independence as soon as possible
B. Considered an economic burden for the colonial power
C. encouraged to develop their own industries
D. acquired as markets and sources of raw materials
Answer» E.
6.

Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ?

A. demand of world markets for such crops
B. lack of modern agricultural technology
C. inadequate supply of water and other natural resources
D. peasant ownership of most farmlands
Answer» B. lack of modern agricultural technology
7.

In recent years, which factor has been major reason for the economic tensions between the United States and China ?

A. China’s trade deficit with the United States was very high
B. The United States refused to place quotas on Chinese goods
C. The United States imported more from China than it exported to China
D. China lowered tariffs on goods imported from the United States
Answer» D. China lowered tariffs on goods imported from the United States
8.

To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?

A. an equality of trade position
B. a favorable balance of trade
C. a more open market
D. a belief system
Answer» C. a more open market
9.

During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________?

A. an expansion of China’s colonial empire
B. an increase in trade with the West
C. a return to a strict command economy
D. the success of the commune system
Answer» C. a return to a strict command economy
10.

A comparison of Japan’s policies before 1945 with the policies in effect after 1945 indicates that______________?

A. reduction in spending on military goods leads to economic depression
B. dependence on foreign trade usually leads to a weakened national economy
C. territorial aggression is not necessary to secure national economic goals
D. democratic institution hinder economic growth
Answer» D. democratic institution hinder economic growth
11.

The leading producer of sulphur is ?

A. Canada
B. USA
C. Spain
D. Italy
Answer» E.
12.

What country had the third largest area of forest ?

A. Canada
B. United States
C. Brazil
D. Russia
Answer» B. United States
13.

For which agricultural produce Sudan is famous and which comes under Tropical Grassland Region ?

A. Coffee
B. Millets
C. Barley
D. Cotton
Answer» E.
14.

The base of all of the following fuels is organic materials except that of ?

A. Coal
B. Natural gas
C. Petroleum
D. Uranium
Answer» E.
15.

Which of the following is a non-metallic mineral ?

A. Cobalt
B. Gypsum
C. Thorium
D. Uranium
Answer» C. Thorium
16.

Which of the following countries leads the world in the export of oil ?

A. Iran
B. Iraq
C. Saudi Arabia
D. Venezuela
Answer» D. Venezuela
17.

Which of the following is the largest producer of cooper ?

A. Ghana
B. Malaysia
C. Australia
D. Chile
Answer» E.
18.

What country is third most covered by forests ?

A. French Guiana
B. Surinam
C. Solomon Islands
D. Gabon
Answer» C. Solomon Islands
19.

What is the currency of United Arab Emirates ?

A. Dollar
B. Dirham
C. Peso
D. Pound
Answer» C. Peso
20.

The largest producer of diamond in the world is ?

A. The largest producer of diamond in the world is ?
B. Canada
C. South Africa
D. Russia
Answer» E.
21.

Second largest uranium producer in the world is ?

A. Tajikistan
B. khazakhstan
C. Sudan
D. Nigeria
Answer» C. Sudan
22.

Which of the following countries is the leading producer of rice ?

A. Australia
B. Argentina
C. China
D. Cuba
Answer» D. Cuba
23.

What was the top buffalo producing country ?

A. Nepal
B. Pakistan
C. India
D. China
Answer» D. China
24.

Which of the following countries is the leading producer of wheat ?

A. USA
B. Argentina
C. China
D. Cuba
Answer» D. Cuba
25.

What was the top sheep producing country ?

A. United Kingdom
B. Australia
C. China
D. India
Answer» D. India
26.

What was the second chicken producing country ?

A. China
B. Indonesia
C. United States
D. Brazil
Answer» D. Brazil
27.

What was the third sheep producing country ?

A. England
B. Australia
C. China
D. China
Answer» E.
28.

What was the second cattle producing country ?

A. India
B. Argentina
C. United States
D. China
Answer» E.
29.

What is the currency of Georgia ?

A. Dollar
B. Lari
C. Peso
D. Pound
Answer» C. Peso
30.

What was the top mild producing country ?

A. United States
B. Germany
C. Russia
D. France
Answer» B. Germany
31.

The World biggest oil refinery is situated in ?

A. Saudi Arabia
B. Iran
C. Kuwait
D. Iraq
Answer» C. Kuwait
32.

Which of the following countries lead in the production of tea in the world ?

A. Kenya
B. Myanmar
C. SriLanka
D. Japan
Answer» B. Myanmar
33.

Which is the most famous waterfall of the world ?

A. Superior
B. Balkan
C. Niagara
D. Angel
Answer» D. Angel
34.

The crop most susceptible to frost is ?

A. Wheat
B. red gram
C. Cotton
D. black gram
Answer» D. black gram
35.

Which country possesses the largest foreign exchange reserves in the world ?

A. Japan
B. Canada
C. Germany
D. USA
Answer» B. Canada
36.

Which country is the source of Stilton cheese ?

A. England
B. Norway
C. Scotland
D. Swaden
Answer» B. Norway
37.

What is the third cattle producing country ?

A. India
B. Argentina
C. United States
D. China
Answer» D. China
38.

The country which leads in the production of rubber is ?

A. Thailand
B. Indonesia
C. Malaysia
D. None of these
Answer» B. Indonesia
39.

Name the largest synthetic rubber and tyre making centre in the world is ?

A. Cleveland
B. Sharon
C. Akron
D. Wheeling
Answer» D. Wheeling
40.

Trees which are considered the tallest in the world ?

A. Cedar
B. Redwood
C. Eucalyptus
D. Data palm
Answer» C. Eucalyptus
41.

Name the country which has the largest tin production in the world is ?

A. China
B. Bolivia
C. Malaysia
D. Nigeria
Answer» B. Bolivia
42.

Which country leads in production of barley among the following?

A. China
B. India
C. USA
D. Canada
Answer» E.
43.

Which is the largest continent (population wise) of the world ?

A. America
B. Asia
C. Europe
D. Australia
Answer» C. Europe
44.

Which of the following countries lead in the production of Nickel ?

A. Canada
B. USA
C. China
D. Russia
Answer» B. USA
45.

Continent of South America covers ___ of the total land of earth ?

A. 15.8%
B. 11.8%
C. 10.8%
D. 15.4%
Answer» C. 10.8%
46.

Minor crops in Rabi season are pulses potatoes and ?

A. onions
B. bajra
C. garlic
D. All of these
Answer» E.
47.

Which country in the World is leading in jute production ?

A. Brazil
B. India
C. Thailand
D. None of these
Answer» C. Thailand
48.

Which one of the following is the best criterion of contrast between a rural and urban community ?

A. Geographic location
B. Specific size of population
C. Specific density of population
D. Diversification of occupations
Answer» C. Specific density of population
49.

The leading producer of silver is ?

A. USA
B. Russia
C. Mexico
D. South Africa
Answer» D. South Africa
50.

The relative deprivation approach attempts to______________?

A. measure poverty of those below the poverty line
B. determine the privileges of the rich
C. assess the deprivation of section of population as compared to the others
D. assess the minimum food Requirements
Answer» D. assess the minimum food Requirements