Economics Quiz 2026: Top Economics MCQs for Army, Navy, and PAF Initial Tests

If the marginal costs is greater than the average cost falls:-

Which would cause incomes to become more unequal:-

When internal cost economies of scale occur:-

Profit  is  maximum when   distance  between  TR  and  TC   is  maximum :-

If firms join together to set prices and quantities, this is known as what:-

An economic growth can be shown by:-

Who is considered the founder of microeconomics:-

According  to  Keynes  ,  interest   is  a  payment   for  Liquidity  preference :-

Less demand in the economy may increase unemployment which lead to less spending which may reduce demand further. This is called:-

To maximize sale revenue a firm should produce where:-

Purchasing  power  parity  theory   was  propounded  by Gustac   Cassele  in  years ;-

Balance of payment of a country has parts:-

It is not included in the estimation of national income:-

What best describe a demand curve:-

Which  is  the  technique   of  measuring   elasticity   of demand ;-

A  perfectly  inelastic   demand  curve   is   parallel  to the  X axis :-

Other things  equal  ,  if  a  good  has  more  substitute   , its  price  elasticity  of  demand  is  :-

As  output  increases  , AC  curve   :-

Positive  income  elasticity   implies  that  as  income  rises  ,  demand  for  the  commodity :-

An increase in the government budget deficit is likely to:-

Which is not of the for Ps in marketing:-

A increase in cost of production will:-

Which is the government most likely to subsidies:-

At  the  point  of  inflexion  , the marginal  product is :-

TC curve   rises  continuously :-