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

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Question # 1

The fundamental economics problem faced by all societies is

Question # 2

The warfare effect of a quota depend to a considerable extent upon.

Question # 3

During the 1980's empirical evidence indicates that.

Question # 4

Livestock is

Question # 5

Import substitution is an example of.

Question # 6

A tax of 20 cents per unit of imported cheese would be an example of a

Question # 7

In the theory of the firm profit maximization is always synonymous with.

Question # 8

The overall Budget Deficit is financed from

Question # 9

If the autarky price of S were lower in country A than in country B, then if trade were allowed.

Question # 10

The overall Budget Deficit is financed from

Question # 11

Indifference curves shows various combinations of.

Question # 12

There is positive relationship between multiplier and.

Question # 13

If there is a price celling, there will be.

Question # 14

If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.

Question # 15

Non tariff trade barriers could include all of the following except

Question # 16

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

Question # 17

The largest trading partner of Pakistan is

Question # 18

The central economic problem in an economy refers to.

Question # 19

Capitalism refers to

Question # 20

Similar to import tariffs, import quotas tend to result in.

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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 All economic model ae based on
A. Realistic assumptions
B. Assumptions which can never be perfectly realistic
C. Unrealistic assumptions
D. None of the above
2 Non tariff trade barriers could include all of the following except
A. Domestic content laws
B. Government procurement policies.
C. Health , safety and environmental standards
D. Autidumpiing /countervailing duties applied to imports
3 A tax 15 percent per imported item would be an example of a
A. Ad valorem tariff
B. specific tariff
C. Effective tariff
D. Compound tariff
4 In autarky when a community maximizes its standard of living its production points is.
A. Below the production possibility frontier
B. On the production possibility frontier
C. Above the production possibility frontier
D. Can't tell without more information.
5 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
6 Which of the following would most likely shift the production possibilities curve for a nation outward.
A. A reduction in unemployment
B. An increases in the production of capital goods
C. A reduction in discrimination
D. An increase in the production of consumer goods
7 The supply of foreign currency tends to be
A. upward sloping
B. down ward sloping
C. Vertical
D. any of the above
8 Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.
A. Multilateral contracts
B. Production and export controls
C. Buffer stock arrangements
D. Tariff rate quotes
9 If tastes are identical between countries than comparative advantage is determined by
A. Supply conditions only
B. Demand conditions only
C. Supply and demand conditions
D. Can't tell without more information.
10 A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a
A. Domestic subsidy
B. Export subsidy
C. Import quota
D. Export quota

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