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 production function will be affected by changes in the prices of.

Question # 2

With no government and foreign trade sectors savings always equals.

Question # 3

If a small country imposes a tariff on an imported good its terms of trade will

Question # 4

An important policy instrument to influence commercial banks is.

Question # 5

If tastes are identical between countries than comparative advantage is determined by

Question # 6

If the coefficient of income elasticity is negative.

Question # 7

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

Question # 8

In the circular flow diagram firms.

Question # 9

If an economy experience an increase in productivity it means that.

Question # 10

The fundamental economics problem faced by all societies is

Question # 11

Most commonly referred indicator of inflation is

Question # 12

The goal of a pure market economy is to best meet the desires of

Question # 13

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

Question # 14

Expansion in money supply stems from.

Question # 15

Direct investment and security purchase are classified as.

Question # 16

Which of the followings is NOT component of M-2

Question # 17

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

Question # 18

Public utilities tend to be

Question # 19

Negative taxation refers to.

Question # 20

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

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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 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
2 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
3 The fundamental economics problem faced by all societies is
A. Un employment
B. In equality
C. Poverty
D. Scarcity
4 Similar to import tariffs, import quotas tend to result in.
A. Higher prices and reduced imports
B. Increasesed government revenue
C. Increased consumer surplus
D. Decrease producer surplus
5 Which of the following is a stock variable.
A. Gross private domestic investment
B. Personal savings
C. Both a and b
D. None of these
6 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.
A. Total revenue
B. Marginal physical product
C. Marginal revenues product
D. Marginal revenue.
7 Saving means
A. Part of income for investment
B. Income for boarding
C. Non consumption of income in the current period
D. None of the above
8 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
9 A market is in equilibrium when
A. Ac = P
B. MC = MR
C. AC =AR
D. TC =TR
10 In the short run an increase in the quantity of money ______ real GDP and _ the price level.
A. increases ; raises
B. does not change ; lowers
C. decreases ; raises
D. decrease ; lowers

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