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

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

Question # 2

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

Question # 3

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 # 4

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.

Question # 5

A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.

Question # 6

The type of business in which an individual has unlimited responsibility for the debts of the organization.

Question # 7

The overall Budget Deficit is financed from

Question # 8

Which of the following IS a function of money.

Question # 9

International trade is based on the idea that.

Question # 10

Which of the following is a stock variable.

Question # 11

The productivity curve

Question # 12

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

Question # 13

A tax 15 percent per imported item would be an example of a

Question # 14

During the 1980's empirical evidence indicates that.

Question # 15

In the classical model of Ricardo the direction of trade is delemined by.

Question # 16

A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.

Question # 17

An important policy instrument to influence commercial banks is.

Question # 18

In the balcne of payments, travel and tourism are included int he category of.

Question # 19

When unintended investment is positive

Question # 20

The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.

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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 Disposable incomes is equal to.
A. National income Minus taxes
B. Real GDP
C. National income Minus taxes
D. National income Minus Taxes plus transfers
2 The largest trading partner of Pakistan is
A. Italy
B. US
C. USA
D. None of these
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 In oligopoly market seller are.
A. Few
B. Four
C. Some
D. A large number
5 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation
6 The earliest statement of the principle of comparative advantage is associated with.
A. Adam Smith
B. David Ricardo
C. Eli Heckshcer
D. Berti Ohlin
7 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
8 Which of the following type of taxes is the most regressive.
A. Income taxes
B. Sales taxes
C. Excise taxes
D. None of these
9 a nation with a current account deficit will be
A. Lending more money to other nations
B. Experiencing a surplus in exports of goods and services.
C. Reducing its indebtedness to other nations
D. Going further into debt with other nations
10 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

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