Economics MCQS

251. Who said “Law of Economics are like the law of tides”?
(A) Samuelson
B) Alfred Marshall
(C) Adam Smith
(D) Robbins

252. Who wrote “Nature and Causes of Wealth of Nations”?
(A) Alfred Marshall
(B) Samuelson
(C) Robbins
D) Adam Smith

253. Who wrote “Nature and Significance of Economic Science”?
(A) Samuelson
B) Robbins
(C) Alfred Marshall
(D) Adam Smith

254. Who gave the scarcity definition of Economics?
(A) Adam Smith
(B) Alfred Marshall
(C) Samuelson
D) Robbins

255. Who gave wealth definition of Economics?
(A) Alfred Marshall
(B) Samuelson
(C) Robbins
D) Adam Smith

256. Pakistan industrial development corporation (PIDC) was established in;
(A) 1948
(B) 1950
C) 1952
(D) 1954

257. National Development is a process of advancement in:
(A) Education sector
(B) Agriculture sector
(C) Industrial sector
D) All of above

258. The current literacy rate of Pakistan is:
(A) 40 %
(B) 50 %
C) 60 %
(D) 70 %

259. Which sector generally involves changing the natural resources into primary resources:
A) Primary Sector
(B) Secondary Sector
(C) Tertiary Sector
(D) Quaternary Sector

260. In Pakistan’s economy which sector provides the largest employment rate?
(A) Industry sector
(B) Services sector
C) Agriculture sector
(D) None of these