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 fundamental economics problem faced by all societies is

Question # 2

Expansion in money supply stems from.

Question # 3

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

Question # 4

The overall Budget Deficit is financed from

Question # 5

Health of a country's economy is indicated by

Question # 6

An economy that has achieved full production has achieved

Question # 7

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

Question # 8

A purely monetary explanation of the business cycle is proposed by

Question # 9

The form of dumping that represents the greatest potential net welfare loss the for importing nation is.

Question # 10

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Question # 11

Livestock is

Question # 12

Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called

Question # 13

Saving means

Question # 14

If the coefficient of income elasticity is negative.

Question # 15

A tariff that probibits imports ahs only

Question # 16

The monetary base is composed of.

Question # 17

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

Question # 18

Comparative advantage is determined by

Question # 19

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 # 20

A straight line downward sloping demand curve implies that as price falls the elasticity of demand.

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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 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation
2 In the circular flow diagram firms.
A. Receive revenue and supply resources in the resource market
B. Incur costs and demand resources in the resource market.
C. Receive revenue and demand resources in the product market.
D. Incur costs and supply goods and services in the product market.
3 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
4 Your checking account is
A. An asset for you and a liability for your bank
B. A liability for you and an asset for your bank
C. An asset for both you and your bank
D. A liability for both you and your bank
5 During the last eight years the per capita income in Pakistan has been
A. Increasing substantially because of decline in population growth
B. Decreasing
C. increasing only marginally
D. Constant
6 The central bank of a country plays a significant role in her macroeconomics performance by regulating the.
A. Money supply
B. Supply credit
C. Interest rate
D. All of these
7 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
8 the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .
A. Tastes and preferences.
B. Expectations of future interest rate levels
C. Per capita income levels
D. Labor productivities.
9 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
10 Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
A. Positive
B. Negative
C. Infinite
D. None of these

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