MCQs4All - Economics MCQs for NTS, FPSC, CSS, IELTS, TOEFL

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Question. If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?

3/8 percent
5 percent
11 percent
24 percent

Question. Large payment to senior employee who is forced into retirement is called ?

Golden bonus
Golden shake hand
Friendly handshake
Golden handshake

Question. The largest group to Which a person belongs is______________?

triad
family
primary
society

Question. If, in the long run, people adjust their price expectations so that all prices and incomes move proportionately to an increase in the price level then the long-run Phillips curve ?

is vertical
is negatively sloped
has a slope that is determined by how fast people adjust their price expectations
is positively sloped

Question. How is your purchase in Pakistan of a Rs40,000 BMW automobile that was produced entirely in Germany recorded in the Pakistan’s GDP accounts ?

Consumption in increase by Rs40,000 and net export decreases by Rs40,000
Net exports increase by Rs40,000
There is no impact because this transaction does not involve domestic production
Investment increased by Rs40,000 and net exports increases by Rs40,000

Question. If both marginal cost and marginal revenue increase, a firm ?

Should increase output
Should reduce output
will require further information on how to respond
Should not change output

Economics MCQs for NTS, FPSC, CSS, PPSC, PMS, UTS, FTS, OTS, Economy, Finance, Accounting, MBA, BBA of past papers

Question. In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?

Military system
Land based system
Feudal system
Rural system

Question. Social scientists explain the incest taboo as_______________?

biologically programmed
a religious universal
way of reducing family conflict
all of the above

Question. The policy that has been the most successful in increasing agricultural output in developing countries is ?

mechanization
land reform
import substitution
produce marketing boards

Question. An increase in national income is ?

Likely in increase exports
Likely to decrease savings
Likely to decrease investment
Likely to increase spending on imports

Question. The favorable evaluation of presidents is based on______________?

the caretaker role
strict adherence to the written Constitution
dynamic political leadership
the teflon principle

Question. The PFI aims to deliver public projects and services using ?

Public borrowing
The private sector
time and motion studies
foreign labour

Question. Depression is a drastic decline in a national of international economy It’s characteristic is ?

Decreasing business activity
Falling prices
Unemployment
All of these

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