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

Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as

Question # 2

The monetary base is composed of.

Question # 3

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

Question # 4

The term of trade is given by the process.

Question # 5

In pure competition.

Question # 6

Export led growth strategies tend to emphasize.

Question # 7

Saving means

Question # 8

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Question # 9

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 # 10

The asset market approach a more helpful in explaning.

Question # 11

In the circular flow diagram firms.

Question # 12

The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.

Question # 13

With no government and foreign trade sectors savings always equals.

Question # 14

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

Question # 15

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

Question # 16

Which of the following is often considered to be inconsistent with the notion of perfect competition.

Question # 17

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

Question # 18

The largest trading partner of Pakistan is

Question # 19

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

Question # 20

MRSxy being 6 means

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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 The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping
2 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
3 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)
4 The type of business in which an individual has unlimited responsibility for the debts of the organization.
A. Partnership
B. Corporation
C. Monopoly
D. None of these
5 If the autarky price of S were lower in country A than in country B, then if trade were allowed.
A. A would likely exports s to B
B. A would likely import s from B
C. Neither country would want to trade
D. None of the above
6 In the circular flow diagram firms.
A. Receive revenue and supply resources in the resource market
B. Incur costs and demand resources in the resource market.
C. Receive revenue and demand resources in the product market.
D. Incur costs and supply goods and services in the product market.
7 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
8 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.
A. the marginal propensity to save
B. Minus the marginal propensity to save
C. The marginal propensity to consume
D. Minus the marginal propensity to consume
9 During the last eight years the per capita income in Pakistan has been
A. Increasing substantially because of decline in population growth
B. Decreasing
C. increasing only marginally
D. Constant
10 Monopoly market is characteristics by
A. A large number of sellers
B. Only one seller
C. Thousand of seller
D. All of these

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