Category: Economics

MCQs Economics – 3MCQs Economics – 3

October 27, 2022October 27, 2022 Muhammad Imdad UllahMuhammad Imdad Ullah 0 Comments

Online Multiple Choice Questions about Economics for the preparation of Jobs and Economics Educational Examinations related such as Lecturer, Research Analyst, and Economist, etc.

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1. The other name of the law of diminishing return is

 
 
 
 

2. Ushr implies on

 
 
 
 

3. The economy gets prosperity during

 
 
 
 

4. Which Economists presented the law of diminishing marginal utility?

 
 
 
 

5. The economy gets maximum prosperity during

 
 
 
 

6. National income does not include

 
 
 
 

7. Who is responsible for profit and loss in the business?

 
 
 
 

8. Average revenue is equal to

 
 
 
 

9. In inflation prices

 
 
 
 

10. International trade has the benefits

 
 
 
 

11. Who presented the quantity theory of money?

 
 
 
 

12. The methods of measuring the elasticity of supply are

 
 
 
 

13. Rent of the building is included in

 
 
 
 

14. Who described Economics as a science of wealth?

 
 
 
 

15. According to the law of increasing return, marginal product

 
 
 
 

16. The quality of a good which satisfies a human want to called as

 
 
 
 

17. When the price falls supply

 
 
 
 

18. It is a Federal Tax

 
 
 
 

19. The elasticity of demand for durable goods is

 
 
 
 

20. Inflation will be useful for

 
 
 
 

MCQs Economics