Economics
Role of International Financial Institutions (IMF, WB) MCQs with Answers
Which of the following is a primary function of the International Monetary Fund (IMF)? A) Providing long-term development loans B)…
Read More »Economic Policies of Pakistan: Past & Present MCQs with Answers
Which economic system did Pakistan initially follow after independence in 1947? A) Socialist economy B) Capitalist economy C) Mixed economy…
Read More »Theory of Comparative Advantage MCQs with Answers
What does the Theory of Comparative Advantage suggest? A) Countries should always produce what they produce most efficiently B) Countries…
Read More »Free Trade vs. Protectionism MCQs with Answers
Which of the following is a key argument in favor of free trade? A) Protectionism ensures national industries are protected…
Read More »International Trade Theories MCQs with Answers
Which theory explains that a country will specialize in producing goods that it can produce most efficiently? A) Mercantilism B)…
Read More »World Trade Organization (WTO) & Its Role MCQs with Answers
What is the primary goal of the World Trade Organization (WTO)? A) To regulate global financial institutions B) To promote…
Read More »Trade Deficits & Surpluses MCQs with Answers
What is a trade deficit? A) When a country exports more than it imports B) When a country imports more…
Read More »Foreign Direct Investment (FDI) MCQs with Answers
What does FDI stand for? A) Financial Data Information B) Foreign Debt Investment C) Foreign Direct Investment D) Fixed Deposit…
Read More »Globalization & Its Economic Impact MCQs with Answers
What is globalization? A) The process of restricting trade and capital flows B) The process of increasing interconnectedness and interdependence…
Read More »Exchange Rate Systems & Their Impact MCQs with Answers
What is a fixed exchange rate system? A) A system where currency values fluctuate freely based on market forces B)…
Read More »Balance of Trade & Balance of Payments MCQs with Answers
What does the balance of trade refer to? A) The total amount of government debt B) The difference between a…
Read More »Role of Economic Blocs (EU, ASEAN, NAFTA) MCQs with Answers
What is the main goal of the European Union (EU) economic bloc? A) Establishing a common currency B) Promoting political…
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