Economic | MCQs

Explanation

Fifty rupees is not a big amount.

پچاس روپے ______ کوئی بڑی رقم نہیں۔

Although "rupees" is plural, the amount is treated as a single unit.

So the singular verb "is" is used.

Explanation

Hindrance is a noun here.

To is a preposition here.

Hindrance to means رکاوٹ

Hindrance to means obstacle to.

Corruption is a standing hindrance to the nation's development. 

Explanation

"Used to trade" is the correct phrase to indicate a past habitual action.

"Ancient civilizations such as the Phoenicians and the Mesopotamians used to trade goods rather than use money" is grammatically correct.

Explanation

Prof. Muhammad Yunus, a Bangladeshi economist and founder of Grameen Bank, pioneered microfinance.

He provided small loans to rural women in Bangladesh, empowering them to break the cycle of poverty.

His innovative approach earned him the Nobel Peace Prize in 2006.

Explanation

زکوٰۃ کا مقصد  دولت کو چند ہاتھوں میں جمع ہوجانے سے روکنا ہے۔ 

زکوٰۃ  اسلام کا ایک اہم ارکان ہے جو دو ہجری کو فرض ہوا تھا۔

AGM 08-01-2023

Explanation

Explanation

GDP stands for "Gross Domestic Product"

Represents the total monetary value of all final goods and services produced

within a country during a period of time.

GDP is the most commonly used measure of economic activity.

Explanation

 Reduce the deficit on the balance of trade

The government may raise tariffs on imported goods or introduce quotas. Both  measures will lead to a reduction in imports and thus an improvement in the current account balance.

Explanation

Durability

Banknotes and "fiat money" also have no intrinsic value. Their value is determined only by supply and demand and becomes legal tender by government legislation. The most important factor that distinguishes the currency of one country from the currency of another is its value.

Explanation

More regressive taxes

Factors that contribute to income inequality are closely linked to economic, social and political causes. People have different wages for each job, leading to income inequality. People of different levels of education often earn different wages, but their social situation can be different as they grow up.