5th Class Social Studies Unit 6 MCQs – Economics (معاشیات) | PAKMCQs

Economics is correct because it is the social science that studies how individuals and nations manage their resources and products.

Goods is correct because it refers to physical, tangible items produced in an economy to satisfy human needs.

All of the above is correct because fruits, vegetables, trees, and books are all tangible physical products that can be touched and used.

Service is correct because it involves performing work or tasks using skills and talents rather than selling a physical product.

Service is correct because the farmer uses their labor and skills to grow food, which benefits consumers and earns income.

Public goods and services is correct because these are the collective benefits provided by the state for the welfare of all citizens.

Free of cost is correct because the state uses public funds to ensure that basic facilities like health and education are accessible to everyone.

All of the above is correct because schools, hospitals, post offices, the state bank, and security forces are all official institutions run by the government.

Roads and electricity poles is correct because these structures are built by the state for public use and cannot be owned privately.

Wah Cantt is correct because this city is the historic site of Pakistan's premier defense industry.

All of the above is correct because the Steel Mills, Karachi Shipyard, and Pakistan Post are all major state-owned enterprises in the country.

Private goods and services is correct because these items are purchased and owned privately, not managed by the government.

The government is correct because public assets are financed and controlled by the state for the benefit of the whole population.

Personal house and clothes is correct because these are private possessions used exclusively by their respective owners.

Private hospital and school is correct because these institutions are run by private individuals or companies, not by the state.

Producers is correct because they are the individuals or businesses that create products and services for sale in the market.

Both (A) and (B) is correct because both farmers (agriculture) and industrialists (manufacturing) are the key creators of goods in our society.

Consumers is correct because they are the final users who purchase products to satisfy their daily needs.

Money is correct because it serves as the standard medium of exchange to purchase any product or service.

Inflation is correct because it describes the economic state where the general price level of goods rises over time, reducing purchasing power.

Devaluation of currency is correct because when money loses its value, you need more of it to buy the same amount of goods.

Gross Domestic Product (GDP) is correct because GDP is the standard metric used to measure the economic size and output of a nation.

It increases is correct because a higher GDP shows a strong economy, which naturally boosts the value and worth of that nation's currency.

Rise in the prices of petroleum products is correct because fuel is needed for transport and factories, so its cost affects all other goods.

From international markets is correct because Pakistan does not produce enough oil locally and must import it from foreign countries.

Because the cost of transportation increases is correct because trucks and vehicles carrying these foods require more expensive fuel, adding to the final price.

Due to less local production is correct because when we cannot make enough things at home, we must buy them from abroad at higher costs.

Two types is correct because inflation is classified into two forms based on its cause: Cost Push and Demand Pull.

Cost Push Inflation is correct because when raw materials like steel or plastic become expensive, the factory must increase the product's price to cover costs.

Cost is correct because it represents the total money spent on raw materials, labor, and energy to manufacture a good.

Demand Pull Inflation is correct because when many buyers want to purchase a limited number of items, they are willing to pay more, raising the price.

Demand is correct because it represents how much of a product or service is wanted by buyers who have the money to pay for it.

Scarcity is correct because it describes a situation where resources are limited and cannot satisfy the unlimited wants of all people.

By damaging crops is correct because floods or droughts prevent food from growing well, reducing the supply available in the market.

Shortage of electricity and gas is correct because factories need energy to run machines; without it, production stops.

Hoarding is correct because illegally storing and hiding goods to sell them later at higher prices creates an artificial shortage.

To provide public goods and services is correct because building roads, schools, and hospitals requires massive funds from the state.

Through taxes is correct because taxes are compulsory payments made by individuals and businesses to fund public expenditures.

Banks, World Bank, and IMF is correct as these financial institutions lend money to governments for national development.

Repaying loans is correct because the country has accumulated debt over time and must use its revenue to pay back those funds.

Income tax is correct because it is a direct tax calculated based on how much money an individual or company earns.

Toll tax is correct because it is a fee collected to help the government maintain and repair transport infrastructure.

Property tax is correct because it is a tax based on the value of the real estate owned by a person or business.

Sales tax is correct because it is a consumption tax added to the price of products when they are sold to the final buyer.

To buy and sell goods is correct because trade is the basic activity of exchanging products and services between people or nations.

International trade is correct because it involves import and export activities across national borders.

No country is self-sufficient is correct because every nation relies on trade to get resources they cannot produce locally.

Financial benefits is correct because selling goods abroad brings wealth, foreign currency, and economic growth to the nation.

More industries will be set up is correct because producing more goods for foreign markets requires expanding factories.

For the welfare of their respective provinces is correct because each province focuses on providing better services and life for its own residents.

District level is correct because local government is meant to address the immediate needs of people in their cities and districts.

Exports is correct because it refers to locally produced items sent abroad to earn foreign revenue.

All of the above is correct because Pakistan is famous for exporting textiles, rice, leather, and sports equipment.

All of the above is correct because these regions are major international markets that purchase Pakistani products.

Imports is correct because it refers to foreign products brought into a nation to fulfill domestic needs.

All of the above is correct because Pakistan must buy fuel, metals, and medicines from other nations to support its economy.

All of the above is correct because these highly developed nations are key sources of technology and fuel imported by Pakistan.

Means of transportation is correct because it refers to vehicles and networks like roads and rails that facilitate movement.

Trade is not possible is correct because we need physical transport network to deliver bought and sold products to customers.

All of the above is correct because roads, railways, air travel, and sea ports are all vital parts of Pakistan's transport network.

Highways is correct because the road network carries the largest volume of traffic and cargo within the country.

263,775 km is correct as this represents the extensive road network connecting all parts of the country.

N-5 Highway is correct because this major route runs from Karachi to Torkham, covering the longest distance across the country.

Due to motorways is correct because these modern, high-speed roads provide efficient connectivity between major urban centers.

11,881 km is correct because it represents the total track length of the national railway system spanning the country.

Jinnah International Airport is correct because it is the busiest and most extensive air travel hub in the country.

Karachi is correct because this metropolitan city houses the country's primary international aviation gateway.

All of the above is correct because Karachi, Bin Qasim, and Gwadar are the three vital ports handling the nation's maritime trade.

Kan Mehtarzai is correct because this historic station holds the record for being at the highest elevation in the country.

Balochistan is correct because this mountainous province hosts the historic high-altitude railway line.