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

The overall Budget Deficit is financed from

Question # 2

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

Question # 3

A tariff that probibits imports ahs only

Question # 4

"Treating an individual as typical of a group.

Question # 5

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

Question # 6

The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.

Question # 7

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

Question # 8

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Question # 9

That the division of labor is limited by the size of the market best applies to which explanation of trade.

Question # 10

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

Question # 11

The "balance trade" is a record of.

Question # 12

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.

Question # 13

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 # 14

All economic model ae based on

Question # 15

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

Question # 16

Guid up of foreign exchange reserves leads to.

Question # 17

the difference between actual and planned expenditure is equal to.

Question # 18

If a small country imposes a tariff on an imported good its terms of trade will

Question # 19

Public utilities tend to be

Question # 20

Saving 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 When unintended investment is positive
A. Output tends to rise
B. Output tends to fall
C. Output is in equilibrium
D. None of these
2 According the Keynes when the great depression started , the government should have.
A. Done nothing
B. Decreased the money supply
C. Had a large increase in government spending.
D. Enacted high tariffs, such as the smoot Hawley tariff
3 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
4 The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.
A. Normal trade relation status.
B. Most favored nation status
C. Generalized system of Preferences.
D. Offshore assembly provisions
5 The impact and incidence of sales tax is
A. On the consumer
B. On the seller
C. On the producer
D. None of these
6 Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.
A. Total revenue
B. Marginal physical product
C. Marginal revenues product
D. Marginal revenue.
7 Similar to import tariffs, import quotas tend to result in.
A. Higher prices and reduced imports
B. Increasesed government revenue
C. Increased consumer surplus
D. Decrease producer surplus
8 Which of the following is a stock variable.
A. Gross private domestic investment
B. Personal savings
C. Both a and b
D. None of these
9 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
10 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

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