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

Non tariff trade barriers could include all of the following except

Question # 2

The larger the required reserve ratio the.

Question # 3

If there is a prices celling, which of the following is NOT likely to occur.

Question # 4

Indirect taxes are

Question # 5

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Question # 6

Livestock is

Question # 7

If there is a price floor there will be

Question # 8

A pure number by which change in investment is multiplied to change in income is called

Question # 9

Guid up of foreign exchange reserves leads to.

Question # 10

The "balance trade" is a record of.

Question # 11

Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.

Question # 12

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

Question # 13

Skills that cna be transferred to other employers are called.

Question # 14

Through the world government tend o auction quota license to their highest bidder.

Question # 15

A tariff that probibits imports ahs only

Question # 16

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

Question # 17

In autarky when a community maximizes its standard of living its production points is.

Question # 18

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

Question # 19

If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.

Question # 20

In the circular flow diagram firms.

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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 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these
2 A decrease in lump sum taxes is an examples of.
A. Contractionary fiscal policy
B. Expansionary fiscal policy
C. A change in induced taxes
D. A and c
3 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
4 Livestock is
A. An independent sector
B. Sub -sector of agriculture
C. Should be a part of Agriculture
D. Would become a part of Agriculture
5 The term of trade is given by the process.
A. Paid for all goods exported by the home country
B. Received for all goods exported by the home country
C. Received for exports and paid for imports.
D. Of primary product as opposed to manufactured products.
6 If the coefficient of price elasticity is less than one
A. It is normal good
B. It is inferior good
C. It is luxury good
D. All of these
7 The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.
A. Factor endowments
B. Factor intensities
C. Technology
D. Opportunity costs
8 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
9 John Stuart Mill was the founder of the
A. Theory of reciprocal demand
B. Theory of absolute advantage
C. Theory of comparative advantage
D. Theory of mercantilism
10 The nominal interest rate is 5% and the inflation rate is 2% the real interest rate is.
A. 2%
B. 3%
C. 7%
D. 4%

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