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

If the coefficient of price elasticity is less than one

Question # 2

Which of the following type of taxes is the most regressive.

Question # 3

The productivity curve

Question # 4

Of the following which one is a characteristic of monopolistic competition.

Question # 5

The overall Budget Deficit is financed from

Question # 6

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 7

The theory of ___________ suggests that government can assist domestic competitors.

Question # 8

Which of the following is a component of M1.

Question # 9

Monopoly market is characteristics by

Question # 10

Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.

Question # 11

An important policy instrument to influence commercial banks is.

Question # 12

Saving means

Question # 13

International trade in goods and services is sometimes used as a substitute for all of the following except.

Question # 14

The goal of a pure market economy is to best meet the desires of

Question # 15

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Question # 16

In pure competition.

Question # 17

During the 1980's empirical evidence indicates that.

Question # 18

the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .

Question # 19

The "balance trade" is a record of.

Question # 20

John Stuart Mill was the founder of the

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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 Health of a country's economy is indicated by
A. Number of doctors per 1,000 population
B. Per capital income
C. Literacy rate
D. None of the above
2 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
3 According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________
A. rise ; rise
B. fall ; rise
C. rise ; fall
D. fall ; fall
4 Indifference curves shows various combinations of.
A. One commodity
B. Two
C. Three
D. All of these
5 The asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.
6 If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.
A. 2.0%
B. 3.65
C. 4.0%
D. 6.0%
7 International trade forces domestic firms to become more competitive in terms of.
A. The introduction of new products
B. Product design and quantity
C. Product price
D. All of the above
8 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
9 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
10 Which of the following IS a function of money.
A. Medium of exchange
B. Store of value
C. Unit of accounting
D. All of the above

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