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

Try The MCQ's Test For PPSC Economics Topic 10 Public Finance

  • Total Questions20

  • Time Allowed20

Start Test Download PDF

PPSC Economics Topic 10 Public Finance

00:00
Question # 1

Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.

Question # 2

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

Question # 3

Health of a country's economy is indicated by

Question # 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

Question # 5

An indifference curve gives

Question # 6

During the last eight years the per capita income in Pakistan has been

Question # 7

International trade forces domestic firms to become more competitive in terms of.

Question # 8

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

Question # 9

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

Question # 10

Expansion in money supply stems from.

Question # 11

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Question # 12

Ad valorem tariffs are collected as

Question # 13

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 # 14

Public utilities tend to be

Question # 15

MRSxy being 6 means

Question # 16

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

Question # 17

In pure competition.

Question # 18

Of the following which one is a characteristic of monopolistic competition.

Question # 19

the difference between actual and planned expenditure is equal to.

Question # 20

Which of the following is most likely to benefit a debtor.

Submit

Prepare Complete Set Wise PPSC Economics Topic 10 Public Finance MCQs Online With Answers


Topic Test

00:00
Submit
 
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.

Start Chapter 10 Test

Top Scorers Of PPSC Economics Topic 10 Public Finance MCQ`s Test

  • Q
    queen princes 11 - Apr - 2022 05 Min 07 Sec 16/20
  • A
    Abdul subhan 04 - Jul - 2021 06 Min 12 Sec 16/20
  • T
    Tayyeba 26 - Jun - 2021 10 Min 08 Sec 15/20
  • H
    huma 30 - Jun - 2021 06 Min 42 Sec 14/20
  • R
    romana 12 - Dec - 2020 15 Min 34 Sec 14/20
  • J
    Jobs oriented Test PREPARATION MCQS 16 - Nov - 2022 05 Min 48 Sec 12/20
  • A
    abuzar 04 - Aug - 2023 06 Min 13 Sec 12/20
  • S
    Shad Ali Shah 31 - Jul - 2024 09 Min 25 Sec 12/20
  • M
    Murtaza Gillani 13 - Jul - 2024 08 Min 27 Sec 11/20
  • A
    A ANAND RAJ 07 - Feb - 2022 13 Min 46 Sec 11/20
  • A
    Atrab Un Nisa 15 - Mar - 2022 06 Min 09 Sec 10/20
  • U
    Unknown 15 - Jul - 2023 08 Min 00 Sec 10/20
  • M
    Marukh Syed 21 - Apr - 2024 09 Min 16 Sec 10/20
  • Z
    zaib 27 - Dec - 2021 10 Min 12 Sec 10/20
  • A
    Aiza 26 - Jun - 2021 05 Min 28 Sec 9/20

PPSC Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 Equilibrium price is a price at which
A. Quantity demanded is equal to quantity suppled
B. Quantity demanded minus quantity supplied is zero
C. quantity demanded = quantity supplied
D. All of these
2 If the Federal Reserve wishes to increase the money supply it should.
A. Raise the reserve requirement
B. Raise the discount rate
C. Buy Treasury securities in the open market
D. All of the above
3 A pure number by which change in investment is multiplied to change in income is called
A. Multiplier
B. Accelerator
C. Stabilizer
D. All of these
4 The productivity curve
A. Is given by the labor productively
B. Shows the change in real GDP per hour of labor as the amount of capital per hour labor changes
C. Shows the change in technology
D. Is given by the equation Y = F ( L,K, T)
5 If tastes are identical between countries than comparative advantage is determined by
A. Supply conditions only
B. Demand conditions only
C. Supply and demand conditions
D. Can't tell without more information.
6 An increasingly higher marginal income tax is
A. Progressive
B. Regressive
C. Proportional
D. Both b and c
7 Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.
A. Export promotion
B. Import substitution
C. International commodity agreements
D. Multiateral contracts
8 A tariff can________ raise a country's welfare.
A. Sometimes
B. Never
C. Always
D. None of these
9 Import substitution is an example of.
A. The principle of comparative advantage
B. The principle of absolute advantage
C. An outward looking growth strategy
D. An inward looking growth strategy
10 Which of the following type of taxes is the most regressive.
A. Income taxes
B. Sales taxes
C. Excise taxes
D. None of these

Test Questions

Is this page helpful?

Share your comments & questions here

Guest

  • No comments yet. Be the first to comment!