PPSCFPSCNTSPakistan govt jobs
Subject
Basic of Economicseconomics-mcqs › basic-of-economics
Published
26 May 2019
Last updated
28 May 2026

Browse all Basic of Economics MCQs

Which action would lead to a decrease in central planning within an economy?

Multiple choice question for Basic of Economics. Select an option, then review the explanation below.

Choose the correct answer

Explanation

Option A involves more government spending, which typically strengthens central planning. Option B increases public ownership, also reinforcing central control. Option C promotes market mechanisms, which diminishes the need for central planning. Option D removes profit incentives, reducing market-driven activities and increasing planning.

Practice related questions from the same subject.

  1. 1.Which of the following best describes deflation?
  2. 2.Under what condition can two nations benefit from engaging in international trade?
  3. 3.Which of the following represents a legitimate form of currency?
  4. 4.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
  5. 5.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?

PakQuizHub — free MCQs and past papers for Pakistan government job tests. Content is for educational practice only.