Important Economics MCQS For NTS CSS PMS PPSC FPSC | Economics mcqs Set 2

Read important Economics MCQS For all types of Exam.These Economics  General Knowledge Mcqs Contain  of World Geography, Atmosphere, Science & Literature, events Mcqs, Current Affairs Mcqs , Pakistan Affairs Mcqs and International Organizations. These Economics general knowledge questions are very important for all type of exams conducted by Fpsc, Nts, Kppsc, Ppsc, Spsc, Bpsc, Ots, Uts, Pts, Cts, Ats, etea and other testing agencies of Pakistan

Note: The bold option is the right answer for the given MCQ’S

1.Which is the most urbanized division of Punjab?

(a) Multan

(b) Rawalpindi

(c) Sargodah

(d) Lahore


2.In the ten (10) most populated cities of Pakistan, Sialkot is

on number :

(a) Four

(b) Six

(c) Seven

(d) Nine


3.In the ten most populated cities of Pakistan, Rawalpindi is

on number:

(a) Three

(b) Four

(c) Five

(d) Six


4.Which region of Punjab is free from water-logging Problem?

(a) Gujranwala

(b) Lahore

(c) Rawalpindi

(d) Multan


5.What is the main reason of the flour crisis in the country?

(a) Wheat sowing area has been replaced with sugar cane

crop by the farmers.

(b) A large portion of wheat Crop has been damaged by


(c) Smuggling of wheat flour to other country

(d) None of the abov

6.Identify the length of Islamabad-Peshawar section of


(a) 96 km

(b) 133 km

(c) 144 km

(d) 154 km


7.Which Division of Punjab produces maximum wheat crop?

(a) Bahawalpur Division

(b) Faislabad Division

(c) Lahore Division

(d) Multan Division


8.“Rawal” and “Hajveri” are the two varities of one of the

following crops.

(a) Rice

(b) Cotton

(c) Soyabean

(d) Wheat


9.The share of Cotton crop in the total cropped area of Punjab

is approximately.

  1. a) 16.0%

(b) 18.0%

(c) 25.0%

(d) 39.0%


10.Which division of the Punjab Produces maximum Sugarcane


(a) Faisalabad

(b) Bahawalpur

(c) Gujranwala

(d) Multan


11.Which of the following activity will be considered as


(a) Construction of a new house

(b) Purchasing a newly floated share of a joint stock


(c) Building a new factory

(d) All the above


12.Real national income increases if:

(a) Volume of goods and services increases

(b) Prices of goods and services increase

(c) Consumer’s real income decrease

(d) None of the above one

13.Identity the false statement among the followings:

(a) If prices rise, real income also rises

(b) In calculating national income, retirement pension are


(c) Stock of goods not sold by the producer, is excluded from


(d) None of the above one


14.Per capita income is:

(a) Average income of the working class

(b) Average income of the people of a country during a year

(c) Average income of labourers only

(d) None of the above one


15.Which of the following is a real cause for low per capita

income of Pakistan?

(a) There is lack of Natural resources

(b) These is over-population

(c) Unfavourable climatic conditions

(d) All of the above


16.Economic development means:

(a) Increase in agricultural production of a country

(b) Increase in mineral resources of the country

(c) Increase in real national income and standard of the

living of the people of country

(d) Increase in consumption expenditure of the country


17.Which of the following statement is false?

(a) Economic development is a process whereby an economy

real national income increases over a long period of time

(b) Economic development is measured by the rate of

population increases

(c) As a result of economic development of a country, the

share of industrial sector in the national income


(d) Per capita income is a better measure of economic

development than the national income.


18.Which of the changes below is most likely to lead directly to

an increase in the income growth rate?

(a) An increase in wages

(b) An increase in interest rates

(c) An increase in the balance of payments deficit

(d) An increase in capital investment


19.Economic planning means:

(a) Planning family size by limiting the number of children

(b) Making decisions as to what is to be produced, how

when and where it is to be produced and to whom it is to

be allocated on the basis of comprehensive survey of the

economic system as a whole

(c) Planning to increase agricultural and industrial


(d) None of the above


20.How much of GDP is spent on Agricultural Research in


(a) 0.02 percent

(b) 0.6 percent

(c) 1.5 percent

(d) 1.9 percent

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