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 exogenous variable in the income equation C +!+G = y is

Question # 2

Skills that cna be transferred to other employers are called.

Question # 3

An important policy instrument to influence commercial banks is.

Question # 4

An increasingly higher marginal income tax is

Question # 5

In order to maximize profits a monopoly company will produce that quantity at which the

Question # 6

If the Federal Reserve wishes to increase the money supply it should.

Question # 7

A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.

Question # 8

The overall Budget Deficit is financed from

Question # 9

an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.

Question # 10

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a

Question # 11

a nation with a current account deficit will be

Question # 12

The overall Budget Deficit is financed from

Question # 13

Most commonly referred indicator of inflation is

Question # 14

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

Question # 15

An economy that has achieved full production has achieved

Question # 16

The overall Budget Deficit is financed from

Question # 17

The production function will be affected by changes in the prices of.

Question # 18

Monopoly market is characteristics by

Question # 19

the difference between actual and planned expenditure is equal to.

Question # 20

The largest trading partner of Pakistan is

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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 Balance of payments accounting tourism and travel are classified in the
A. Merchandise trade account
B. Services account
C. Unilateral transfers account
D. Capital account
2 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
3 The bowed shape of the production possibilities curve illustrates
A. The law of increasing marginal cost
B. the production is inefficient
C. the production in unattainable
D. The demand is relatively inelastic
4 The fundamental economics problem faced by all societies is
A. Un employment
B. In equality
C. Poverty
D. Scarcity
5 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
6 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
7 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.
A. Theory of factor endowments
B. Theory of overlapping demands
C. Economies of scale theory
D. Product life cycle theory.
8 The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.
A. the marginal propensity to save
B. Minus the marginal propensity to save
C. The marginal propensity to consume
D. Minus the marginal propensity to consume
9 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
10 In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.
A. Demand curve shifts to the left
B. Supply curve shifts to the left
C. Supply curve shifts to the right
D. Demand and supply curves both shift to the right

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