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Economics Mcqs 4423 MCQs [All-Courses]

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.

Based on the 2010 population survey four of the five most populous countries include ?

A Russia, Pakistan Bangladesh and Nigeria

B China, India, Indonesia, and Brazil

C Russia, China, India, and South Africa

D China, Russia, Mexico, and Indonesia

Review Detailed Answer

Correct Answer: China, India, Indonesia, and Brazil

ASEAN refers to the ?

A Association of South East Argo Nations

B Association of South East Asian Nations

C Alliance of South East Asian Neighbors

D Alliance of South Eastern African Nations

Review Detailed Answer

Correct Answer: Association of South East Asian Nations

Two countries that still rely on the Soviet communist model of development are ?

A Ghana and Nigeria

B Poland and Germany

C Cuba and North Korea

D China and Hong Kong

Review Detailed Answer

Correct Answer: Cuba and North Korea

Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?

A Ghana and Mexico

B Canada and the United States

C Sierra Leone and Nigeria

D Taiwan and South Korea

Review Detailed Answer

Correct Answer: Taiwan and South Korea

Why has modern economic growth mainly been in western countries ?

A a strong Catholic church intervention in the economic decisions

B an emphasis on trade restrictions

C the use of the medieval economy

D the rise of capitalism

Review Detailed Answer

Correct Answer: the rise of capitalism

More than seventy percent of the population of fast g: owers lives in ?

A China

B United States

C Russia

D Europe

Review Detailed Answer

Correct Answer: China

Korea’s keirestsu-like corporate conglomerates is known as ?

A zaibatsu

B chaebol

C laissez faire

D bourgeoisie

Review Detailed Answer

Correct Answer: chaebol

Keiretsu refers to ?

A groups of affiliated companies loosely organized around a large bank

B horizontal manufacturing groups consisting of a core company and its partners

C State-assisted entrepreneurs

D financial cliques

Review Detailed Answer

Correct Answer: groups of affiliated companies loosely organized around a large bank

The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?

A Japan

B The four tigers

C Vietnam

D Thailand

Review Detailed Answer

Correct Answer: Vietnam

Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?

A income per capita is the same regardless of poor or rich countries

B income per capita in poor countries grows faster than in rich countries

C income per capita in rich countries grows faster than in poor countries

D income per capita in poor countries grows conditional upon foreign aid

Review Detailed Answer

Correct Answer: income per capita in poor countries grows faster than in rich countries

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Based on the 2010 population survey four of the five most populous countries include ?

ASEAN refers to the ?

Two countries that still rely on the Soviet communist model of development are ?

Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?

Why has modern economic growth mainly been in western countries ?

More than seventy percent of the population of fast g: owers lives in ?

Korea’s keirestsu-like corporate conglomerates is known as ?

Keiretsu refers to ?

The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?

Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?