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

Compared to the case of perfect competition.

Question # 2

Similar to import tariffs, import quotas tend to result in.

Question # 3

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 4

An important policy instrument to influence commercial banks is.

Question # 5

A_______ is an example of a quota where foreigners hold quota licenses.

Question # 6

Quotas are government imposed limits on the ________ of goods trade between countries.

Question # 7

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Question # 8

Saving means

Question # 9

Direct investment and security purchase are classified as.

Question # 10

The monetary base is composed of.

Question # 11

If there is a price floor there will be

Question # 12

An increasingly higher marginal income tax is

Question # 13

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

Question # 14

The locus of equilibrium of consumers due to changes in price of a commodity is known as.

Question # 15

In oligopoly market seller are.

Question # 16

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Question # 17

An Engel curve is based on which one of the following assumptions.

Question # 18

There is positive relationship between multiplier and.

Question # 19

A tax 15 percent per imported item would be an example of a

Question # 20

If the coefficient of price elasticity is less than one

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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 Indirect taxes are
A. Direct taxes - subsidies
B. Subsidies
C. Sales taxes
D. Income taxes
3 Direct investment and security purchase are classified as.
A. Capital account transactions
B. Current account transactions
C. Unilateral transfer transactions
D. Merchandise trade transactions
4 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
A. I only
B. ii Only
C. both i and ii
D. Neither i nor ii
5 Compared to the case of perfect competition.
A. Monopolist is more likely to
B. Charge a higher price
C. Produce a lower quantity of the product
D. All of the above
6 Personal inocme is obtained by adding which items to national income
A. Govt. transfer payments
B. Business transfer payments
C. Both a and b
D. None of these
7 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation
8 The earliest statement of the principle of comparative advantage is associated with.
A. Adam Smith
B. David Ricardo
C. Eli Heckshcer
D. Berti Ohlin
9 If there is a prices celling, which of the following is NOT likely to occur.
A. Rationing by first come first served
B. Black markets
C. Gray markets
D. Sellers providing goods for free that were formerly not free
10 Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.
A. Increase, Increases.
B. Increases ; decreases
C. decreases ; increases
D. decreases ; decreases

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