Economics MCQS

161. In a free market?
A. Government interferes
B. Prices adjust to reconcile scarcity and desires
C. Government intervenes
D. None of the above

162. Which sector is considered as the backbone of Pakistan’s economy:
A. Industrial sector
B. Agriculture sector
C. Education sector
D. Services sector

163. Stock Exchange of Pakistan (PSX) is regulated by
A. Finance Ministry
B. State Bank
C. National Bank
D. SECP

164. Main export partner of Pakistan is:
A. China
B. America
C. Germany
D. United Arab Emirates

165. Pakistan’s GDP per capita (nominal, 2021) rank was:
A. 147th
B. 153rd
C. 160th
D. 173rd

166. Fixed exchange rate is also known as:
A. Pegged exchange rate
B. Obvious exchange rate
C. Country exchange rate
D. None of these

167. The most important sub-sector of the industrial sector is
A. Construction
B. Transport
C. Real estate
D. Manufacturing

168. The largest source of electricity generation in Pakistan is
A. Thermal
B. Hydel
C. Nuclear
D. Renewable

169. Which of the following is NOT an indirect tax?
A. Income tax
B. Sales tax
C. Service tax
D. Excise duty

170. Which of the following is NOT a direct tax?
A. Income tax
B. Corporate tax
C. Capital gains tax
D. Excise duty