Articles Tagged: economics

Question: Who Is The Father Of Economics? a. Adam Smith b. Max Muller c. Karl Marx d. None of these Adam Smith is widely regarded as the father of economics. He was an 18th-century Scottish philosopher and economist, best known for his influential work “The Wealth of Nations,” which laid the foundations for classical economics […]

Question: The Biggest Market Of Pakistan Import Is? a. Russia b. US c. Switzerland d. Italy Also Check: Which Is The Single Largest Component Of Gdp Of Pakistan? The biggest market for Pakistan’s imports is China. As Pakistan’s largest trading partner, China supplies a significant portion of Pakistan’s imports, including machinery, electronics, chemicals, textiles, and […]

Question: Utility In Economics Means The Capacity To? a. Provide comforts b. Satisfy human wants c. Earn an income d. Satisfy human motives In economics, utility refers to the capacity to satisfy a consumer’s wants or needs. It represents the value or satisfaction derived from consuming a good or service. Utility is subjective and varies from […]

Question: The Balance Of Payment Comprises? a. Official settlement of accounts b. A current account of goods and services c. A capital account of financial assets d. All of the above The balance of payments (BOP) comprises two main accounts: the current account and the capital and financial account. The current account includes transactions in […]

Question: Which Is The Single Largest Component Of Gdp Of Pakistan? a. Industry b. Agriculture c. Foreign remittances d. None of these A curriculum typically includes several key components such as objectives, content, learning experiences, teaching methods, and assessment. These elements work together to provide a structured educational experience. However, components like extracurricular activities or […]

Question: Which Country Has Maximum Foreign Projects Investment In Pakistan? a. US b. China c. UK d. Russia How Much Marks Required For Medical In Pakistan China has the maximum foreign project investment in Pakistan, primarily through the China-Pakistan Economic Corridor (CPEC). This initiative includes significant investments in infrastructure, energy, and transportation projects, aiming to […]

Question: White Goods Are? a. Basic raw material b. Durable consumption goods c. Cosmetics article d. Goods imported from Western countries Which Country Has Maximum Foreign Projects Investment In Pakistan? White goods are large household appliances typically used for domestic purposes. These include refrigerators, washing machines, dishwashers, and ovens. The term “white goods” originates from the […]

Question: Development Means Economic Growth Plus? a. Deflation b. Inflation c. Social change d. Price stability White Goods Are? Development means economic growth plus improvements in living standards, including better education, healthcare, and infrastructure. It encompasses not only increased GDP but also equitable distribution of wealth, reduced poverty, and enhanced quality of life. True development […]

Question: The Biggest Market Of Pakistan Export Is? a. US b. Germany c. Japan d. Korea Development Means Economic Growth Plus? The biggest market for Pakistan’s exports is the United States. Pakistan exports a variety of goods to the U.S., including textiles, garments, and agricultural products. The trade relationship with the U.S. is significant for […]

Question: What Is Laissez Faire? a. Mixed economy b. Non-interference of government in economics affairs c. Controlled-economy d. None of these The Balance Of Payment Comprises? Laissez-faire is an economic philosophy advocating minimal government intervention in the market and business affairs. Rooted in the belief that free-market forces, driven by supply and demand, should regulate […]