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

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

Question # 2

In autarky when a community maximizes its standard of living its production points is.

Question # 3

The% change in quantity demanded due to % change in incomes.

Question # 4

The fundamental economics problem faced by all societies is

Question # 5

If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.

Question # 6

Devaluation leads to.

Question # 7

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.

Question # 8

Which of the following type of taxes is the most regressive.

Question # 9

Price controls are

Question # 10

In pure competition.

Question # 11

A decrease in lump sum taxes is an examples of.

Question # 12

A tax 15 percent per imported item would be an example of a

Question # 13

When unintended investment is positive

Question # 14

An indifference curve gives

Question # 15

Through the world government tend o auction quota license to their highest bidder.

Question # 16

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

Question # 17

Which of the following is automatic stabilizer.

Question # 18

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 19

A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.

Question # 20

Indifference curves shows various combinations of.

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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 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
A. I only
B. ii Only
C. both i and ii
D. Neither i nor ii
2 A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.
A. An increase in aggregate supply
B. A decrease in aggregate supply
C. A decrease in aggregate demand
D. An increase in aggregate demand
3 If an economy experience an increase in productivity it means that.
A. the level of output has risen
B. Employees are working harder than before
C. Output per unit of input has risen
D. Technical change has taken place
4 In the home country government grants a subsidy of a domestically produced good domestic producers tend to.
A. Capture the entire subsidy in the form of higher profits
B. Increase their level of production
C. Reduce wages paid to domestic workers
D. Consider the subsidy as an increase in production cost
5 Which of the following is a component of M1.
A. Saving deposit
B. Credit card
C. Checkable deposit
D. Gold
6 A firm can fund an investment from its own sources, the opportunity cost of its investment is
A. Less than zero
B. Zero
C. More than zero
D. Neither
7 ____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.
A. Producer surplus
B. Deadweight surplus
C. Government surplus
D. Consumer surplus
8 The largest trading partner of Pakistan is
A. Italy
B. US
C. USA
D. None of these
9 Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.
A. Decrease in the money supply
B. Increase in the money supply
C. Decrease in the money demand
D. any of the above
10 If a country has linear production possibilities frontier than production is said to be subject to.
A. constant opportunity costs
B. Decreasing opportunity costs
C. First increasing and the decreasing opportunity costs
D. Increasing opportunity costs.

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