Economics MCQs 18


Pakistan’s largest export market is:
(a) USA-✔️
(b) Germany
(c) Japan(d) Saudi Arabia

Which of the following programmes was financially supported by UNICEF in Pakistan during -✔️?
(a) To reduce infant mortality
(b) To reduce maternal mortality
(c) To double the literacy rate among women
(d) All of the above-✔️

Under a capitalist system the economic problem of "what goods" shall be produced is solved primarily by:
(a) People advertising their wants
(b) Direction by the government
(c) The pattern of consumer's spending-✔️
(d) People producing directly to satisfy their own wants

The World’s most populous city is:
(a) Mexico City
(b) Beijing
(c) New York
(d) Tokyo-✔️

Pakistan’s biggest and most powerful “Radio Station’ is:
(a) Islamabad-✔️
(b) Lahore
(c) Karachi
(d) Peshawar

One advantage for the capitalist system for allocating resources in economy is that it:
(a) Avoids unemployment
(b) Reduces inequality of incomes
(c) Affords the fullest opportunity for individuals to indicate their preferences for goods within the limits of their spending power-✔️
(d) Always results in goods being produced at the lowest possible cost

Which of the following countries could most aptly be described as having a fully centrally planned economy?
(a) UK
(b) USA
(c) Former USSR-✔️
(d) Germany

Which of the following statement is true?
(a) Most of the developing countries like Pakistan have planned economies
(b) In a market economy there is most equal distribution of income
(c) In a mixed economy the government interferes with the price system to overcome its disadvantages-✔️
(d) In a centrally planned economy society will always get the goods it wants

In Punjab the lowest density of population is in:
(a) Multan Division
(b) Rawalpindi Division
(c) Bahawalpur Division-✔️
(d) DG Khan Division

Which of the following is a cash crop?
(a) Wheat
(b) Rice
(c) Cotton-✔️
(d) None of the above

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