M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Economics Mcqs 4423 MCQs [All-Courses]

thumb


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

Debt-re-scheduling is ?
A an agreement with the World Bank to turn some of a debt into other forms
B a change in debt repayment due to inability to pay
C regular payments of interest and repayments of capital
D a program of austerity measures agreed with the IMF to make repayment possible
Correct Answer: a change in debt repayment due to inability to pay
Most of the Third World/Fourth World debt was incurred in ?
A The colonial period
B The early 1950s
C most debt was incurred during the oil shocks of the 1970s
D the early 1960s
Correct Answer: most debt was incurred during the oil shocks of the 1970s
When economists say that developing countries have a dualistic economy the 2 parts referred to are ?
A modern sector and traditional sector
B town and country
C men and women
D rich people and poor people
Correct Answer: modern sector and traditional sector
The main reason why land reform increase agricultural output is that is ?
A encourages mechanization
B allows the farmers to set the prices for their agricultural products
C enables farmers to escape the problem of diminishing return
D makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers
Correct Answer: makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers
Low agricultural productivity in developing countries is mainly caused by ?
A shortages of inputs including land
B an over-investment in farm equipment
C migration from rural areas to urban areas
D a lack of effective demand for food products
Correct Answer: shortages of inputs including land
Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
A stress agricultural development over industrial development
B promote industrial development over agriculture
C use a balanced strategy that promotes both agricultural and industrial development
D stress the importation of agricultural products and the export of manufactured goods
Correct Answer: use a balanced strategy that promotes both agricultural and industrial development
The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?
A the vicious circle of poverty hypothesis
B the dependency theory
C neo-colonialism
D the under-consumptionist hypothesis
Correct Answer: the vicious circle of poverty hypothesis
A policy of developing local industries that can compete with imports is referred to as ?
A export promotion
B industrial promotion
C import substitution
D unbalanced growth
Correct Answer: import substitution
85% of the world’s population lives in developing countries and receives about _____ of the world’s income?
A 40%
B 10%
C 20%
D 30%
Correct Answer: 20%
The term Fourth World has been coined to describe ?
A the newly industrialized countries like Korea, Taiwan Malaysia
B The republics of the former Soviet Union
C Countries that still have a communist government like China and Cuba
D countries that have fallen far behind the economic advances of the rest of the world
Correct Answer: countries that have fallen far behind the economic advances of the rest of the world
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.