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

Question # 2

The central economic problem in an economy refers to.

Question # 3

The bowed shape of the production possibilities curve illustrates

Question # 4

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

Question # 5

Your checking account is

Question # 6

Productivity can grow.

Question # 7

Public utilities tend to be

Question # 8

If there is a price floor there will be

Question # 9

The overall Budget Deficit is financed from

Question # 10

Health of a country's economy is indicated by

Question # 11

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 12

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.

Question # 13

If there is a price celling, there will be.

Question # 14

Which of the following is a component of M1.

Question # 15

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

Question # 16

Export led growth strategies tend to emphasize.

Question # 17

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.

Question # 18

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

Question # 19

The earliest statement of the principle of comparative advantage is associated with.

Question # 20

Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.

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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 Chapter 10 Important MCQ's

Sr.# Question Answer
1 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
2 During the 1980's empirical evidence indicates that.
A. Poverty re emerged in Pakistan
B. Good growth brought down poverty in Pakistan.
C. Poverty situation showed no change
D. None of the above
3 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
4 In pure competition.
A. Strong rivaled exist
B. Cartels are formed
C. Both a and b
D. None of thes
5 an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
A. Diminishing marginal utility
B. Diminishing marginal productivity
C. Diminishing marginal costs
D. Diminishing marginal profit
6 The exogenous variable in the income equation C +!+G = y is
A. C
B. I
C. G
D. None of these
7 The relation ship between the exchange rate and the prices of tradable goods is known as the.
A. Purchasing power parity theory
B. Asset markets theory
C. Monetary theory
D. Balance of payments theory
8 If a small country imposes a tariff on an imported good its terms of trade will
A. Improve
B. Worsen
C. Not change
D. any of the above
9 Indifference curves shows various combinations of.
A. One commodity
B. Two
C. Three
D. All of these
10 In the home country government grants a subsidy of a domestically produced good domestic producers tend to.
A. Capture the entire subsidy in the form of higher profits
B. Increase their level of production
C. Reduce wages paid to domestic workers
D. Consider the subsidy as an increase in production cost

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