Economics MCQS

81. Compared to the rich the poor save?
A. A smaller part of their income
B. A larger part of their income
C. An equal part of their income
D. All of their income

82. Cheap money means?
A. Low level of standard of living
B. Low level of income
C. Low level of saving
D. Low rates of interest

83. When too much money is chasing too few goods then the situation is?
A. Recession
B. Inflation
C. Stagflation
D. Deflation

84. Pakistan produces about __ Bcfd of natural gas.
A. 4
B. 5
C. 6
D. 7
The answer provided was not among the options; please verify the choices.

85. The total current population of Pakistan is about
A. 202 million
B. 212 million
C. 222 million
D. 232 million

86. What is the global price benchmark for oil prices?
A. WTI Crude
B. Brent Crude
C. Mars US
D. OPEC Basket

87. Pakistan on 26 February 2021 has entered a 10-year deal to import LNG from
A. Qatar
B. Iran
C. Russia
D. Saudi Arabia

88. According to Pakistan-Qatar LNG deal, Pakistan will import the LNG at the rate of __% of Brent.
A. 9.2
B. 10.2
C. 11.2
D. 12.2

89. The economy of Pakistan has __ main sectors.
A. 2
B. 3
C. 4
D. 5

90. Which sector of the economy of Pakistan is the largest contributor to the GDP?
A. Agriculture
B. Industry
C. Textile
D. Services