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

Who  first  raised  the  fear  of  a  world  food shortage :-

Under  a  simple  cournot   duopoly   model ,  each   duopolist  will  produce  :-

Which  oligopoly  models  is concerned  with the  maximization  of  joint  profits :-

Which  is  not  a type  of  market  structure  :-

Restricting   competition is  a  :-

Productivity of  land  can be raised  by ;-

Un employment  of labour  means  that a  worker  does not    get  full  time  job :-

The main purpose  of  a  business  firm  is  to earn profit :-

The monopolistic   firm will  be  in   equilibrium   where   marginal  revenue =  marginal  cost :-

Pakistan share in the world for cotton taxtiles is:-

If the economy grows the government's budget position will:-

Normal  profits  refers  to  the   no  profit  no loss  state .  This  is  equal  to  which  type  of the cost ;-

Investment depends heavily on:-

An increase in the wage rate will _____ total earning if the demand  for labour is wage elastice:-

According  to  Marshall  ,  the  basis of  consumer  surplus  is  :-

Demand for labour is more likely to be wage inelastic if:-

Acquisition and merger is an example of:-

The  shape  of  rectangular   hyperbola  is made  by ;-

Which one is not doing an economic activity:-

Wealth of Nation' was written in:-

The  cost  of  one  thing  in terms  of   the  alternative  given up  is  called  :-

National income equal:-

Which  markets   comes  closest  to perfect  market ;-

If demand is price inelastic:-

Which economic term is used to represent inequality in income distribution:-