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 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 # 2

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

Question # 3

The fundamental economics problem faced by all societies is

Question # 4

The theory of ___________ suggests that government can assist domestic competitors.

Question # 5

Unemployment Rate is a percentage relation with reference is.

Question # 6

An indifference curve gives

Question # 7

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

Question # 8

Which of the following is a stock variable.

Question # 9

Your checking account is

Question # 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

Question # 11

In Balance of payments accounting tourism and travel are classified in the

Question # 12

Comparative advantage is determined by

Question # 13

A tariff can________ raise a country's welfare.

Question # 14

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 15

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

Question # 16

John Stuart Mill was the founder of the

Question # 17

Livestock is

Question # 18

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Question # 19

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 # 20

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

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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 balcne of payments, travel and tourism are included int he category of.
A. Unilateral transfers
B. Capital account
C. Merchandise account
D. Services account
2 Through the world government tend o auction quota license to their highest bidder.
A. Always
B. Often
C. Seldom
D. Never
3 In oligopoly market seller are.
A. Few
B. Four
C. Some
D. A large number
4 If in market the seller is changing different prices for the same commodity from different consumers it is known as.
A. Price discrimination
B. efficient selling
C. Profit maxi miser in Monopoly
D. all of these
5 The monetary base is composed of.
A. Gold and silver
B. Currency and reserves
C. Currency only
D. Currency and checkable deposits
6 In 25 years Pakistan's Per capital income
A. More than doubled
B. Less than doubled
C. Did not show more than 70% increase
D. None of the above
7 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
A. Domestic subsidy
B. Export subsidy
C. Import quota
D. Export quota
8 In a "Lorenz curve diagram absolute equality in income distribution would appear as.
A. A curved line well bowed out from the diagonal
B. A curved line close to the diagonal
C. A right angled line
D. A diagonal line
9 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
10 If the autarky price of S were lower in country A than in country B, then if trade were allowed.
A. A would likely exports s to B
B. A would likely import s from B
C. Neither country would want to trade
D. None of the above

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