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

Devaluation leads to.

Question # 2

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

Question # 3

Which of the following is a stock variable.

Question # 4

The "balance trade" is a record of.

Question # 5

The central economic problem in an economy refers to.

Question # 6

Compared to the case of perfect competition.

Question # 7

An increasingly higher marginal income tax is

Question # 8

In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers

Question # 9

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 # 10

_________ are quotas that lead to a complete abolishment of trade.

Question # 11

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

Question # 12

The effect of the most favored nation clause is to

Question # 13

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

Question # 14

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

Question # 15

The overall Budget Deficit is financed from

Question # 16

The largest trading partner of Pakistan is

Question # 17

Non tariff trade barriers could include all of the following except

Question # 18

Absolute advantage is determined by.,

Question # 19

If tastes are identical between countries than comparative advantage is determined by

Question # 20

MRSxy being 6 means

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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 locus of equilibrium of consumers due to changes in price of a commodity is known as.
A. Price consumption curve
B. Income consumption curve
C. Producing possibility curve
D. None of these
2 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
3 Guid up of foreign exchange reserves leads to.
A. Decrease in money supply
B. increase in money supply
C. contraction in money supply
D. None of the above
4 The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping
5 The funds used for further investment in joint stock company refers to.
A. Distributed
B. Undistributed
C. Remaining
D. All of the above
6 An economy that has achieved full production has achieved
A. Both allocative and productive efficiency
B. Allocative but not productive efficiency
C. Productive but not allocative efficiency
D. Neither allocative nor productive efficiency
7 Which of the following organization primely provides long term loans to developing countries to help them develop the infrastructure such as schools hospitals and roads.
A. World Bank
B. International Monetary fund
C. Council on Foreign Relations
D. Organization of petroleum Exporting countries.
8 Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as
A. an import tariff
B. A tariff rate quota
C. A selective quota
D. A global quota
9 A firm can fund an investment from its own sources, the opportunity cost of its investment is
A. Less than zero
B. Zero
C. More than zero
D. Neither
10 Why is the law of diminishing marginal returns ture.
A. Specialization and division of labor
B. Spreading the average fixed cost
C. Limited capital
D. All factors being variable in the long run

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