A. 50
B. 60
C. 80
D. 65
Economics Mcqs
Which are Pakistan’s major seasons for agriculture crops ?
A. Kharif and Barani
B. Kharif and Rabi
C. Barani and Rabi
D. Kharif, Rabi and Barani
The classical model of macroeconomics assumes ?
A. wages and prices are sticky
B. wages and prices are flexible
C. the economy may operate below full capacity
D. the economy is always at full capacity
E. A and C
F. B and D
If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?
A. inflation
B. a supply shock
C. crowding out
D. inflation illusion
Which crops are sown in Rabi Season ?
A. Wheat
B. red gram
C. cotton
D. black gram
The equilibrium inflation rate is determined by the intersection of ….. and …..?
A. demand, supply
B. IS, LM
C. AD, AS
D. Labor demand, labor supply
Guddu Barrage was constructed on ?
A. River Ravi
B. River Indus
C. River Jheulum
D. River Sutlej
The Keynesian model is a good guide to …. behavior and the classical model describes behavior in ……?
A. long run, short run
B. flexible imperfect markets
C. short-term long run
D. long run, imperfect markets
The Upper Swat Canal starts from ?
A. Malakand
B. Abazai
C. Kabul
D. Jhelum
In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?
A. fall
B. increase
C. remain the same
D. fluctuates