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Economics Mcqs 4423 MCQs [All-Courses]

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Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

All Topics  4423

Export primary commodity concentration ratios are ?
A commodity exports as a percentage of GDP per capita of exporting country divided by importing country
B export earnings as a ratio of population
C total merchandise export divided by Gross National Income
D food, raw materials minerals and organic oils and fat as a percentage of total merchandise exports
Correct Answer: commodity exports as a percentage of GDP per capita of exporting country divided by importing country
A country’s capital stock is the ?
A approximated investment minus actual investment
B inflow of investment from abroad
C sum of previous gross investment minus depreciation
D difference between GDP and capital consumption
Correct Answer: sum of previous gross investment minus depreciation
Peasants are ?
A rural politicians
B rural cultivators
C rural industrialist
D rural, religious group
Correct Answer: rural cultivators
As economic development proceeds income inequality tends to follow a(n) _____ curve?
A convex
B inverted U shaped
C L-shaped
D S-Shaped
Correct Answer: inverted U shaped
A dual economy is distinguished from other economies by having ?
A an industrial sector and a manufacturing sector
B a traditional agricultural sector and a modern industrial sector
C state owner ship of the means of production
D an industrial sector that concentrates on manufacturing and construction
Correct Answer: a traditional agricultural sector and a modern industrial sector
Dual economies are countries ?
A with double capital and labor/
B with a modern manufacturing sector as well as traditional agriculture sector
C that specialize in labor intensive products more than capital intensive products
D with foreign owned and domestically owned capital
Correct Answer: with a modern manufacturing sector as well as traditional agriculture sector
What is the ratio of population density of developing countries to the population of developed countries ?
A 10
B 2
C no more than 1
D 20
Correct Answer: 2
In low-income countries the average agricultural family produces a surplus ?
A enough to supply only a small nonagricultural population
B of zero
C large enough of feed five other families
D large enough to feed 25 other families
Correct Answer: enough to supply only a small nonagricultural population
Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?
A $145
B $40,000
C $25
D $100
Correct Answer: $25
Which one of the following countries is not a high-income country ?
A Germany
B United Kingdom
C Canada
D Mexico
Correct Answer: Mexico
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