📊Economics MCQs
Economics MCQs
451 MCQs381
Adam Smith was __________?
📊EconomicsBy: Shahbaz Jiskani
AAn Economist
BA scientist
CA philosopher
DNone of these
382
“Seigniorage” is a source of revenue for central banks earned from_____________?
📊EconomicsBy: Asad Javed
AIssuance of Debt securities
BIssuance of notes and coins
CDollar Reserves
DAll of above
383
If price consumption curve will be horizontal on x-axes then elasticity of demand will be:___________?
📊EconomicsBy: MAHAR AQEEL
AEqual to 1
BGreater than 1
CLess than 1
DEqual to 0
384
Who among the following has first to coined the term “Helicopter Money”?
📊EconomicsBy: Asad Ullah Afridi The name “helicopter money” was first coined by Milton Friedman in 1969
AMilton-Friedman
BOsborne-Smith
CZelvey
DMickel-Jorden
385
The positive relationship between price and quantity supplied is called:_________?
📊EconomicsBy: Md
AProfit
Ba change of supply
Ca shift to the supply curve
Dthe law of supply
386
In development economics, who said,”Economic growth means more output”.
📊EconomicsBy: Abdul Saboor Nasar C
AMaddison
BKindleberger
CP. Kidleberger, “Economic growth means more output and economic development implies both more output and changes in the technical and institutional arrangements, by which it is produced.”
DFriedman
387
What is the GDP growth of Pakistan in 2021 ?
📊EconomicsBy: Zooya Pakistan’s economic growth rebounded to 3
A2.5
B3.9
C4.2
DNone of these
388
Normally a demand curve will have the shape:_________?
📊EconomicsBy: OWAIS SALEEM
AHorizontal
BVertical
CDownward Sloping
DUpward Sloping
389
Oligopoly means:___________?
📊EconomicsBy: HYDER ALI ANSARI
ABusiness by rich people
BMonopoly shared by few large sellers
CJust one supplier of an item
DNone of the above
390
Which indicator/s is/are used in the Human Development Index(HDI)?
📊EconomicsBy: Kamran Shaukat Gondal
AStandard of Living
BLife Expectancy
CEducation
DAll