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

"Treating an individual as typical of a group.

Question # 2

An important policy instrument to influence commercial banks is.

Question # 3

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

Question # 4

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

Question # 5

In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.

Question # 6

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

Question # 7

Which of the following products will have an elastic demand.

Question # 8

_________ are quotas that lead to a complete abolishment of trade.

Question # 9

If there is a price floor there will be

Question # 10

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.

Question # 11

Equilibrium price is a price at which

Question # 12

The asset market approach a more helpful in explaning.

Question # 13

The overall Budget Deficit is financed from

Question # 14

In the theory of the firm profit maximization is always synonymous with.

Question # 15

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Question # 16

The central economic problem in an economy refers to.

Question # 17

Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.

Question # 18

The supply of foreign currency tends to be

Question # 19

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

Question # 20

A decrease in lump sum taxes is an examples of.

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Economics
10th Chapter

PPSC Economics Chapter 10 Test

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PPSC Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 Which of the following type of taxes is the most regressive.
A. Income taxes
B. Sales taxes
C. Excise taxes
D. None of these
2 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.
3 An increasingly higher marginal income tax is
A. Progressive
B. Regressive
C. Proportional
D. Both b and c
4 International trade during the 19th century was characterized by.
A. Extensive barriers to trade
B. Operation of the gold standard
C. A small volume of international trade
D. None of these
5 Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.
A. Increase, Increases.
B. Increases ; decreases
C. decreases ; increases
D. decreases ; decreases
6 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation
7 MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
8 If a small country imposes a tariff on an imported good its terms of trade will
A. Improve
B. Worsen
C. Not change
D. any of the above
9 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
10 That the division of labor is limited by the size of the market best applies to which explanation of trade.
A. Factor endowment theory
B. Product life cycle theory
C. Economies of scale theory
D. Overlapping demand theory

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