All Free Economics MCQs with Answers

• A. Islamabad
• B. Punjab
• C. Sindh
• D. FATA

Explanation: Islamabad had the fastest population growth among these options, largely because of migration and its expanding administrative and urban…

• A. 15.5%
• B. 13.4%
• C. 14.8%
• D. 12.7%

Explanation: Khyber Pakhtunkhwa contributed about 13.4% of Pakistan's population in the older census-based distribution used by this question.

• A. 60.4%
• B. 55.5%
• C. 65.5%
• D. 68.4%

Explanation: Punjab contained approximately 55.5% of Pakistan's population according to the census distribution underlying this question.

• A. the agribusiness revolution
• B. farming system theory
• C. the Green Revolution
• D. Agri-R&D

Explanation: The Green Revolution refers to the spread of high-yielding varieties of wheat and rice, together with improved irrigation, fertilizers and…

• A. reduce yield losses by pests while minimizing the negative effects of pest control
• B. have year-round plantings of a single crop
• C. undertake monoculture pest planning
• D. encompass biological control through fertilizers

Explanation: Integrated pest management aims to control pest-related yield losses while reducing environmental and health damage from pesticides…

• A. Spain
• B. Germany
• C. France
• D. Iceland

Explanation: Spain, Germany, and France are EU members, while Iceland is not an EU member, although it belongs to the European Economic Area.

• A. Poverty rates
• B. food security index
• C. change in the quantity of food demanded per capita
• D. population growth

Explanation: In this food-demand growth relationship, the total growth in demand reflects population growth plus the income effect, represented by aE.

• A. cargil/Monsanto
• B. ConAgra
• C. Novartis/ADM
• D. Procter & Gamble

Explanation: Cargill, Monsanto, ConAgra, Novartis and ADM are associated with major agricultural or food-industry operations.

• A. Rural development is the same as agricultural development
• B. The agrarian community requires a full range of services such as schools merchants banks and so on
• C. Household nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya
• D. China's rural population receives little income from nonfarm income

Explanation: Rural development is broader than farming because rural communities also need schools, banks, markets, transport and other services.

• A. An increase in the number of landless laborers
• B. An increase in rural poverty
• C. Women gain in decision making power
• D. Workers nutrition is reduced

Explanation: Commercialization can increase landlessness, poverty and nutritional pressure when small farmers and laborers lose control over food…

• A. multitudinous latitudinous
• B. latifundios, minifundios
• C. feudum, nocere
• D. grameen, repetto

Explanation: Latifundios are very large estates owned by a small elite, whereas minifundios are small holdings that often cannot provide adequate…

• A. food sufficiency index
• B. food security index
• C. food self-intake index
• D. food growth index

Explanation: A food security index combines availability and reliability indicators, including calorie supply relative to requirements, food…

• A. new biological chemical mechanical inputs in production
• B. new technical and organizational knowledge from greater specialization
• C. expanded markets for agricultural output
• D. massive government intervention

Explanation: Agricultural productivity in LDCs is raised mainly by improved biological, chemical and mechanical inputs, knowledge, specialization and…

• A. Yujiro Hayami
• B. Raanan Weitz
• C. Hans Singer
• D. Tim Dyson

Explanation: Yujiro Hayami argued that plantations have no necessary scale advantage for crops such as cocoa and coconuts when processing and marketing…

• A. Such a farm is the most advanced
• B. Such a farm usually emphasizes
• C. Such a farm is labor intensive
• D. Such a farm uses advanced technology and takes advantage of economies of scale.

Explanation: Specialized farms generally use advanced technology, emphasize a limited range of products and exploit economies of scale, but they are…

• A. introducing the reform package at once to ensure that it became too late and costly to reverse the reforms
• B. agricultural reform rather than industrial reforms to overcome food insecurity
• C. the creation of a small-scale private sector ans small independent banks
• D. attempts to gradually remake institutions

Explanation: Popov criticized shock therapy for its emphasis on implementing many reforms rapidly and simultaneously, making the transition disruptive…

• A. food, clothing and housing
• B. health, education and quality housing
• C. adequate nutrition, primary education health sanitation water supply and housing
• D. longevity and living standards

Explanation: The basic-needs approach covers adequate food or nutrition together with primary education, health care, sanitation, safe water and…

• A. Brl
• B. Bel
• C. Bbl
• D. Obl

Explanation: Bbl is the standard abbreviation for barrel or barrels in the oil industry; the second “b” historically represents the plural or the word…

• A. Micro Finance Bank
• B. Moderba Bank
• C. SME- Bank
• D. First MINI Bank

Explanation: A microfinance bank provides small loans and other financial services to very small enterprises and low-income borrowers who may not…

• A. 1st September
• B. 1st January
• C. 1st April
• D. 1st July

Explanation: Pakistan’s financial year runs from 1 July to 30 June of the following year, unlike the calendar year that begins on 1 January.