Economics
Role of Government in Economy MCQs with Answers
What is one of the primary roles of the government in an economy? a) Managing inflation b) Maximizing profits c)…
Read More »Types of Taxes: Direct & Indirect MCQs with Answers
Which of the following is a direct tax? a) Sales tax b) Income tax c) Value-added tax (VAT) d) Customs…
Read More »Progressive, Regressive & Proportional Taxation MCQs with Answers
What is a characteristic of a progressive tax system? a) Everyone pays the same tax rate b) Higher earners pay…
Read More »Public Revenue & Public Expenditure MCQs with Answers
What is public revenue primarily used for? a) To reduce national debt b) To finance government expenditure c) To increase…
Read More »Budgeting & Fiscal Deficits MCQs with Answers
What is the main goal of a national budget? a) To reduce government debt b) To allocate government spending across…
Read More »Taxation System in Pakistan MCQs with Answers
What is the main purpose of taxation in Pakistan? a) To reduce government spending b) To generate revenue for public…
Read More »Government Borrowing & Public Debt MCQs with Answers
What is government borrowing primarily used for? a) To fund private sector investments b) To finance national security programs c)…
Read More »IMF Loans & Their Economic Impact MCQs with Answers
What is the primary purpose of IMF loans? a) To provide loans for long-term infrastructure projects b) To stabilize a…
Read More »Subsidies & Their Effects on Economy MCQs with Answers
What is the primary purpose of subsidies in an economy? a) To reduce government debt b) To encourage the production…
Read More »Economic Impact of Government Spending MCQs with Answers
What is the primary goal of government spending in an economy? a) To reduce government debt b) To increase unemployment…
Read More »Structural Adjustment Programs (SAPs) MCQs with Answers
What is the main purpose of Structural Adjustment Programs (SAPs)? a) To promote government ownership of industries b) To reduce…
Read More »Privatization & Its Economic Effects MCQs with Answers
What is privatization? a) The process of nationalizing private companies b) The transfer of ownership of state-owned enterprises to private…
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