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Wednesday, 24 June 2026
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Economics Past Questions and Answers

Economics Questions

Question 4616:
A persistence rise in the prices of inputs will lead to
  • A Cost push inflation
  • B Demand pull inflation
  • C Hyperinflation
  • D Stagflation
View Answer & Explanation
Question 4617:
From the graph below, Point "E" shows--------------<br/>
  • A Product inefficiency
  • B Product efficiency
  • C Productive efficiency
  • D Allocative efficiency
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Question 4618:
Which of the following Age group belongs to active Labour force?
  • A 15 - 25yrs
  • B 0 - 17yrs
  • C 65yrs and above
  • D 18 - 64yrs
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Question 4619:
Suppose the public expenditure as a percentage of GDP of four countries is shown in the table below<br/><br/><table class='tbn'> <tbody> <tr> <td> A </td> <td> 40% </td> </tr> <tr> <td> B </td> <td> 50% </td> </tr> <tr> <td> C </td> <td> 33% </td> </tr> <tr> <td> D </td> <td> 36% </td> </tr> </tbody></table><br/><br/><br/><br/> <br/>Which type of economy exists in these countries?
  • A Traditional
  • B Planned
  • C Pure market
  • D Mixed
View Answer & Explanation
Question 4620:
The diagram above represent
  • A Supply curve
  • B Production possibility curve
  • C Indifference curve
  • D Demand curve
View Answer & Explanation