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

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 2

Absolute advantage is determined by.,

Question # 3

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

Question # 4

Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.

Question # 5

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

Question # 6

A market is in equilibrium when

Question # 7

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

Question # 8

Those who argue in favor of import protection generally give the impression that such restricted trade will

Question # 9

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 # 10

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 11

Price controls are

Question # 12

A stable equilibrium requires that the marginal propensity to consume is.

Question # 13

The term of trade is given by the process.

Question # 14

In 25 years Pakistan's Per capital income

Question # 15

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

Question # 16

A tariff can________ raise a country's welfare.

Question # 17

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

Question # 18

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 19

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

Question # 20

Equilibrium price is a price at which

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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 Since 1960 the rage of economic growth in the country has been
A. On the decline continuously
B. Increasing continuously
C. increasing occasionally.
D. Static in real terms
2 Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.
A. Multilateral contracts
B. Production and export controls
C. Buffer stock arrangements
D. Tariff rate quotes
3 Negative taxation refers to.
A. Tax rebate
B. Subsidies
C. Tax evasion
D. Tax avoidance
4 The agricultural price support program is an example of.
A. A price celling
B. A price floor
C. Equilibrium pricing
D. None of these
5 The effect of the most favored nation clause is to
A. Eliminate at tariffs between countries.
B. Increase all tariff rates between countries
C. Maintain a nondiscriminatory structure of tariffs
D. Marlein a discriminatory structure of tariffs.
6 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.
7 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.
A. World Bank
B. International Monetary fund
C. Council on Foreign Relations
D. Organization of petroleum Exporting countries.
8 The funds used for further investment in joint stock company refers to.
A. Distributed
B. Undistributed
C. Remaining
D. All of the above
9 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
10 The asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.

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