Economics MCQS

191. All of the goods which are scarce and limited in supply are called?
A. Economic goods
B. Capital goods
C. Luxury goods
D. Expensive goods


192. In economics pleasure, happiness or satisfaction received from a product is?
A. Status fulfillment
B. Marginal cost
C. Utility
D. Rational outcome


193. Word “Utility” means?
A. Pleasure and satisfaction
B. Rationality
C. Versatility and flexibility
D. Purposefulness


194. Who is known as the father of economics?
A. David Ricordo
B. Adam Smith
C. J.P Kense
D. Mankew


195. Qualitative methods of monetary policy do not include:
A. Direct actions
B. Bank rate policy
C. Publicity
D. Moral persuasion


196. Main Import partner of Pakistan is:
A. China
B. United Arab Emirates
C. America
D. Singapore


197. Total cultivated area of Pakistan is:
A. 18.1 million hectares
B. 22.1 million hectares
C. 24.1 million hectares
D. 26.1 million hectares


198. _ is not a tool of fiscal policy?
A. Government expenditure
B. Taxation
C. Transfer payments
D. Bank Rate


199. The major cash crops of Pakistan are:
A. Rice, Vegetable, Sugar cane
B. Sugar cane, Tobacco, Cotton
C. Wheat, Fruit, Cotton
D. None of these


200. A REPO or repurchase agreement is a form of short-term __ by the state bank.
A. Borrowing
B. Savings
C. Investment
D. Adjustment


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