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Economics MCQs with Explanations

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2081EconomicsMedium

Which of the following organizations primarily provides long-term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads?

ACouncil on Foreign Relations

BOrganization of petroleum Exporting Countries

CWorld Bank

DInternational Monetary Fund

Correct answer

C. World Bank

Explanation

The correct answer is World Bank.

2082EconomicsMedium

A product will be traded only if the pre-trade price difference between the two countries?

Amore information in needed to answer this

Bis greater than the cost of transporting it between them equals the cost of transporting it between them

Cequals the cost of transporting it between them

Dis less than the cost of transporting it between them

Correct answer

B. is greater than the cost of transporting it between them equals the cost of transporting it between them

Explanation

The correct answer is is greater than the cost of transporting it between them equals the cost of transporting it between them.

2083EconomicsMedium

The view that nationalism would wither away was held by________?

Aall of the above

BMarxists

Cstoic philosophers like Marcus Aurelius

Dclassical liberals

Correct answer

B. Marxists

Explanation

The correct answer is Marxists.

2084EconomicsMedium

Which is the most famous waterfall of the world?

AAngel

BSuperior

CNiagara

DBalkan

Correct answer

C. Niagara

Explanation

The correct answer is Niagara.

2085EconomicsMedium

The nuclear family form is also called________?

Aconjugal

Bconsanguine

Cextended

Dprocreational

Correct answer

A. conjugal

Explanation

The correct answer is conjugal.

2086EconomicsMedium

What is called the rules of laws which governs the internal affairs of an organization?

AInternal Laws

BSecondary Laws

CCorporate Laws

DBy laws

Correct answer

D. By laws

Explanation

The correct answer is By laws.

2087EconomicsMedium

Pakistan is the ________largest Wheat Producer country in the world?

ASeventh

BSixth

CEight

DFifth

Correct answer

C. Eight

Explanation

The correct answer is Eight.

2088EconomicsMedium

The loss of entire categories of jobs without the creation of new occupations would be________?

Astatus ambiguity

Bintragenerational mobility

Cstructural mobility of a negative sort

Dhorizontal mobility

Correct answer

C. structural mobility of a negative sort

Explanation

The correct answer is structural mobility of a negative sort.

2089EconomicsMedium

Social ranking is based on________?

Aage

Bwealth

Csex

Dall of the above

Correct answer

D. all of the above

Explanation

The correct answer is all of the above.

2090EconomicsMedium

________ is person’s distinguishing psychological characteristics that lead to his or her own environment?

ALifestyle

BPsychographics

CPersonality

DDemographics

Correct answer

C. Personality

Explanation

The correct answer is Personality.

A product will be traded only if the pre-trade price difference between the two countries?

Amore information in needed to answer this

Bis greater than the cost of transporting it between them equals the cost of transporting it between them

Cequals the cost of transporting it between them

Dis less than the cost of transporting it between them

Correct answer

B. is greater than the cost of transporting it between them equals the cost of transporting it between them

Explanation

The correct answer is is greater than the cost of transporting it between them equals the cost of transporting it between them.