Lecturer Economics Important MCQs online Test No. 47

Leave a Comment / By Hassan / April 26, 2022

Given below on this Website Online Free Taleem is free online MCQ’s test related to PPSC of Lecturer Economics. All the individuals who are going to appear in PPSC Lecturer of Economics written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Economics, all Past Papers of Lecturer of Economics PPSC that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

Please Click Below START Button to Take this Lecturer Economics Test Online.

Test Instructions:-
Test Name	Lecturer Economics
Subject	Economics Test 47
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Economics Online Test No. 47

1 / 25

Scarcity means that:

Non- availability of goods.

High price of goods.

Nobody wants to consume it.

The good is available but it is not free

2 / 25

Wealth of Nations' was written in:

1976

1776

1676

3 / 25

An economy means:

Study of economics

A country's economic system

Domestic trade

Sources of income of a family.

4 / 25

In economics, one or more persons sharing common consumer budget is called.

Business firm

Gathering

Organization

Household

5 / 25

The basic economic problem common to all societies is.

The elimination of scarcity.

What, how and for whom to produce

Equal distribution of wealth.

The achievement of full employment

6 / 25

Validity of economic theories can never be proved with 100 percent certainty, because:

Ceteris paribus clause

Limited number of observation is possible.

Some observation will be made in future which refute the theory.

None of the above.

7 / 25

Wealth of Nations' was written by:

Adam Smith

Marshall

Malthus

Newton

8 / 25

One or more persons living together and having a common budget is called:

Union

Organization

Household

House members

9 / 25

Rotten eggs are:

Free good

Economic good

Service

Wealth

10 / 25

A consumer is in equilibrium when marginal utilities are.

Minimum

Equal

Highest

Increasing

11 / 25

Human wants are:

One thousand

Few

Countable

Innumerable

12 / 25

Utility and usefulness are:

Equal

Different

Unrelated

Similar

13 / 25

Adam Smith is famous for:

Laws of taxation

Laws of economics

The book 'Wealth of Nations'

A and C of above

14 / 25

Economic laws are made through.

Productive method

Inductive method

Deductive and inductive method

Selective and elective method

15 / 25

'Everyone should study economics' is a:

Positive statement

Normative statement

True statement

Nonsense

16 / 25

Human wants are:

One thousand

Few

Innumerable

Countable.

17 / 25

Rotten eggs are.

Service

Free good

Economic good

Wealth

18 / 25

Prof. Marshall thins.

Economics studies national welfare.

Economics studies personal welfare.

Economics studies total welfare.

Economics studies material welfare.

19 / 25

The basic problem of economics is.

Corruption of govt officers

Inefficiency of workers

Selfishness of people

Scarcity of resources

20 / 25

Economic principles are also called.

Economic law

Economic theory

Economic model

All of the above

21 / 25

The term 'marginal' is economics means.

Unimportant

Additional

The minimum unit

Just barely passing

22 / 25

Select the correct statement.

Economics affects politics

Economic affects history

Geography affects economics

All of the above are true

23 / 25

Market system means:

Socialism

Capitalism

A place where goods are traded.

All of the above

24 / 25

When marginal is negative, it must be true that:

The average is negative.

The average is decreasing.

The total is negative

The total is decreasing

25 / 25

Scarcity means:

Non availability of goods.

High price of goods

Less supply than demand

High profit of the firms

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