Economics MCQs
Topic Notes: Economics
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
61
According to historical labor data, what is considered the second major profession in Pakistan?
Answer:
Civil Service
While agriculture remains the primary sector employing the largest share of Pakistan's labor force, the civil service and public administration sectors have historically represented a significant portion of formal employment. This classification reflects the structure of the labor market where government-related roles provide substantial employment opportunities outside of the primary agricultural sector.
62
What is the approximate total population of Nauru?
Answer:
1900
Nauru is one of the smallest nations in the world by population. Demographic data for such microstates can fluctuate due to migration and census methodologies. The figure provided reflects an estimate often cited in economic and demographic studies regarding the island's limited human resource base and its unique economic challenges.
63
Which province in Pakistan exhibits the highest population density?
Answer:
Punjab
Punjab is the most populous province in Pakistan, housing more than half of the nation's total population. Its high population density is primarily attributed to its fertile agricultural plains, extensive irrigation networks, and historical development as a central hub of the Indus Valley Civilization, which has historically supported larger human settlements.
64
Which continent possesses the largest human population globally?
Answer:
Asia
Asia is the most populous continent on Earth, housing approximately 4.6 billion people. This figure represents roughly 60% of the total global population, significantly exceeding the population counts of all other continents due to the high density in countries like China and India.
65
What was the recorded crude birth rate per 1,000 individuals in Pakistan during 1998?
Answer:
30.5 per 1000
The crude birth rate is a demographic metric representing the number of live births per 1,000 people in a population during a specific year. Historical census data for Pakistan indicates that in 1998, the crude birth rate was recorded at 30.5 per 1,000 people, reflecting the fertility patterns of that period.
66
What is the proportion of Punjab's population relative to the total population of Pakistan?
Answer:
55.5%
Punjab is the most populous province in Pakistan, and its demographic weight significantly influences national economic and political outcomes. Statistical data indicates that Punjab accounts for approximately 55.5% of the total population of Pakistan. This substantial share underscores the province's critical role in the national economy, labor market dynamics, and the overall demographic profile of the country.
67
The Great Migration of African Americans from the rural South to the urban North is comparable to which historical movement?
Answer:
the influx of European immigrants
The Great Migration involved a massive demographic shift driven by the search for better economic opportunities and escape from systemic oppression. This movement shares significant parallels with the influx of European immigrants, as both groups were seeking to improve their livelihoods in industrializing urban centers. Both phenomena involved large-scale internal or international relocation that fundamentally reshaped the social, economic, and cultural landscapes of the destination regions.
68
What approximate fraction of the global population is comprised of the Muslim community?
Answer:
1/7th
Demographic estimates of the global Muslim population vary based on the source and census data. While the proportion has been growing, historical and certain statistical datasets have cited the figure as approximately one-seventh of the total world population, though contemporary estimates often suggest a higher percentage.
69
How are 'symbolic analysts' defined within the modern labor market?
Answer:
employees capable of manipulating data words and visual images
Symbolic analysts are knowledge workers whose value is derived from their ability to manipulate symbols—data, words, and visual images—to solve problems, identify trends, and create new products. This category includes professionals such as software engineers, financial analysts, and creative designers, whose work is essential in the modern information-based economy.
70
In which year was the inaugural national census conducted in Pakistan?
Answer:
1951
The first official census of Pakistan was carried out in 1951, shortly after the country's independence. This census provided the foundational demographic baseline required for the newly formed state to assess its population size, distribution, and socio-economic characteristics for future policy development.