More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS MCQs With Answers
Question # 1
A tax 15 percent per imported item would be an example of a
Choose an answer
Ad valorem tariff
specific tariff
Effective tariff
Compound tariff
Previous
Skip
Next
Question # 2
The overall Budget Deficit is financed from
Choose an answer
External borrowing
Non bank borrowing domestically
Bank borrowing plus the above two at a and b
None of the above
Previous
Skip
Next
Question # 3
Increases in minimum wage
Choose an answer
Helps in controlling unemploymentr
Increases unemploymentr
Reduce wage bill
None of these
Previous
Skip
Next
Question # 4
_________ are quotas that lead to a complete abolishment of trade.
Choose an answer
Embargoes
Voluntary export restraints
Nontariff beamers
Orderly marketing agreements
Previous
Skip
Next
Question # 5
During the last eight years the per capita income in Pakistan has been
Choose an answer
Increasing substantially because of decline in population growth
Decreasing
increasing only marginally
Constant
Previous
Skip
Next
Question # 6
In the classical model of Ricardo the direction of trade is delemined by.
Choose an answer
Absolute advantage
Comparative advantage
Physical advantage
Which way the wind blows
Previous
Skip
Next
Question # 7
A decrease in lump sum taxes is an examples of.
Choose an answer
Contractionary fiscal policy
Expansionary fiscal policy
A change in induced taxes
A and c
Previous
Skip
Next
Question # 8
An Engel curve is based on which one of the following assumptions.
Choose an answer
Constant prices, very incomes
Constant price, constant income
Constant incomes, varying prices
None of these
Previous
Skip
Next
Question # 9
The funds used for further investment in joint stock company refers to.
Choose an answer
Distributed
Undistributed
Remaining
All of the above
Previous
Skip
Next
Question # 10
Saving means
Choose an answer
Part of income for investment
Income for boarding
Non consumption of income in the current period
None of the above
Previous
Skip
Next
Question # 11
The effect of the most favored nation clause is to
Choose an answer
Eliminate at tariffs between countries.
Increase all tariff rates between countries
Maintain a nondiscriminatory structure of tariffs
Marlein a discriminatory structure of tariffs.
Previous
Skip
Next
Question # 12
Public utilities tend to be
Choose an answer
Inefficient
Natural monopolies
subject to increasing costs
None of these
Previous
Skip
Next
Question # 13
Indifference curves shows various combinations of.
Choose an answer
One commodity
Two
Three
All of these
Previous
Skip
Next
Question # 14
If there is a price celling, there will be.
Choose an answer
Shortages
surpluses
Equilibrium
None of these
Previous
Skip
Next
Question # 15
If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.
Choose an answer
>1
<1
=1
=zero
Previous
Skip
Next
Question # 16
If there is a price floor there will be
Choose an answer
Shortages
Surpluses
Equilibrium
None of these
Previous
Skip
Next
Question # 17
A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
Choose an answer
Factor prices
Technology
Both a and b
The price of the commodity
Previous
Skip
Next
Question # 18
Health of a country's economy is indicated by
Choose an answer
Number of doctors per 1,000 population
Per capital income
Literacy rate
None of the above
Previous
Skip
Next
Question # 19
International trade during the 19th century was characterized by.
Choose an answer
Extensive barriers to trade
Operation of the gold standard
A small volume of international trade
None of these
Previous
Skip
Next
Question # 20
Price controls are
Choose an answer
Necessary for consumer's welfares
A must to check inflation
Doomed to fall
None of these
Previous
Skip
Next
Question # 21
The overall Budget Deficit is financed from
Choose an answer
External borrowing
Non bank borrowing domestically
Bank borrowing plus the above two at a and b
None of the above
Previous
Skip
Next
Back