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

Ad valorem tariffs are collected as

Question # 2

The overall Budget Deficit is financed from

Question # 3

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

Question # 4

Which of the following would most likely shift the production possibilities curve for a nation outward.

Question # 5

The central economic problem in an economy refers to.

Question # 6

Which of the following is most likely to benefit a debtor.

Question # 7

Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.

Question # 8

John Stuart Mill was the founder of the

Question # 9

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Question # 10

In Balance of payments accounting tourism and travel are classified in the

Question # 11

The% change in quantity demanded due to % change in incomes.

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

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

Question # 16

The largest trading partner of Pakistan is

Question # 17

Depreciation is.

Question # 18

In autarky equilibrium.

Question # 19

Guid up of foreign exchange reserves leads to.

Question # 20

the difference between actual and planned expenditure is equal to.

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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 In the classical model of Ricardo the direction of trade is delemined by.
A. Absolute advantage
B. Comparative advantage
C. Physical advantage
D. Which way the wind blows
2 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
3 Devaluation leads to.
A. Increase in imports
B. Increase in exports
C. Decline in imports
D. None of the above
4 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
5 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%
6 Those who argue in favor of import protection generally give the impression that such restricted trade will
A. Decrease the level of national security
B. Provide benefits to some particular industry
C. Provides benefits to the entire nation
D. Not yield welfare losses for the nation
7 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
8 A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.
A. Constant
B. Inelastic
C. Elastic
D. Unitary elastic
9 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
10 A pure number by which change in investment is multiplied to change in income is called
A. Multiplier
B. Accelerator
C. Stabilizer
D. All of these

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