PPSC Economics Topic 10 MCQS Test Preparation

Punjab Public Service Commission, PPSC is an organization regulated by the Punjab government to sort out the suitable and deserving candidates for several vacant positions at the Punjab province level. The organization makes sure that the exams are conducted in a peaceful and satisfactory environment. Moreover, the organization also announces the results with complete transparency and helps in the further recruiting process at the provincial level.

MCQ's Test For PPSC Economics Topic 10 Public Finance

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PPSC Economics Topic 10 Public Finance

00:00
Question # 1

Export led growth strategies tend to emphasize.

Question # 2

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 3

In pure competition.

Question # 4

The productivity curve

Question # 5

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.

Question # 6

The central bank of a country plays a significant role in her macroeconomics performance by regulating the.

Question # 7

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 8

Saving means

Question # 9

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

Question # 10

Which of the following IS a function of money.

Question # 11

If a country has linear production possibilities frontier than production is said to be subject to.

Question # 12

An Engel curve is based on which one of the following assumptions.

Question # 13

Indifference curves shows various combinations of.

Question # 14

The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.

Question # 15

National Income account of Pakistan have registered GDP & GNP as.

Question # 16

Livestock is

Question # 17

Capitalism refers to

Question # 18

If the coefficient of price elasticity is less than one

Question # 19

Comparative advantage is determined by

Question # 20

The funds used for further investment in joint stock company refers to.

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Economics
10th Chapter

PPSC Economics Chapter 10 Test

Here you can prepare PPSC Economics Chapter 10 (Most Frequently Asked Economics MCQS) Test. Click the button for 100% free full practice test.

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PPSC Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 The overall Budget Deficit is financed from
A. External borrowing
B. Non bank borrowing domestically
C. Bank borrowing plus the above two at a and b
D. None of the above
2 The bowed shape of the production possibilities curve illustrates
A. The law of increasing marginal cost
B. the production is inefficient
C. the production in unattainable
D. The demand is relatively inelastic
3 The overall Budget Deficit is financed from
A. External borrowing
B. Non bank borrowing domestically
C. Bank borrowing plus the above two at a and b
D. None of the above
4 Compared to the case of perfect competition.
A. Monopolist is more likely to
B. Charge a higher price
C. Produce a lower quantity of the product
D. All of the above
5 In the circular flow diagram firms.
A. Receive revenue and supply resources in the resource market
B. Incur costs and demand resources in the resource market.
C. Receive revenue and demand resources in the product market.
D. Incur costs and supply goods and services in the product market.
6 Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..
A. Classical growth theory
B. Neoclassical growth theory
C. New growth theory
D. Market failure
7 In 25 years Pakistan's Per capital income
A. More than doubled
B. Less than doubled
C. Did not show more than 70% increase
D. None of the above
8 International trade is based on the idea that.
A. Exports should exceed imports
B. Imports a should exceed exports
C. Resources are more mobile internationally than are goods
D. Resources are less mobile internationally than are goods.
9 The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.
A. the marginal propensity to save
B. Minus the marginal propensity to save
C. The marginal propensity to consume
D. Minus the marginal propensity to consume
10 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these

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