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

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

Question # 2

Your checking account is

Question # 3

Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.

Question # 4

The overall Budget Deficit is financed from

Question # 5

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

Question # 6

A tariff that probibits imports ahs only

Question # 7

the difference between actual and planned expenditure is equal to.

Question # 8

In pure competition.

Question # 9

If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.

Question # 10

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Question # 11

John Stuart Mill was the founder of the

Question # 12

A firm's monopolistic position is strengthened by

Question # 13

In the classical model of Ricardo the direction of trade is delemined by.

Question # 14

Skills that cna be transferred to other employers are called.

Question # 15

The supply of foreign currency tends to be

Question # 16

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

Question # 17

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

Question # 18

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

Question # 19

Capitalism refers to

Question # 20

Guid up of foreign exchange reserves leads to.

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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 An indifference curve gives
A. the actual combination of goods that consumer chooses
B. the minimum choice of the consumer
C. the highest level of satisfaction
D. None of these
2 International trade forces domestic firms to become more competitive in terms of.
A. The introduction of new products
B. Product design and quantity
C. Product price
D. All of the above
3 The production function will be affected by changes in the prices of.
A. Inputs
B. Outputs
C. Neither
D. All of the above
4 In order to maximize profits a monopoly company will produce that quantity at which the
A. A marginal revenue equals average total cost
B. Price equals marginal revenue
C. Marginal revue equals marginal cost
D. Total revenue equals total cost
5 An economy that has achieved full production has achieved
A. Both allocative and productive efficiency
B. Allocative but not productive efficiency
C. Productive but not allocative efficiency
D. Neither allocative nor productive efficiency
6 A tax of 20 cents per unit of imported cheese would be an example of a
A. Compound tariff
B. Effective traiff
C. Ad valorem tariff
D. Specific tariff
7 The investment demand curve shifts right ward if
A. The real interest rate falls
B. Savers increase their thriftiness
C. The expected profit rate increases.
D. The economy moves into a recession
8 The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.
A. Predatory dumping
B. sporadic dumpling
C. Persistent dumpling
D. Year and dumping
9 Price controls are
A. Necessary for consumer's welfares
B. A must to check inflation
C. Doomed to fall
D. None of these
10 International trade is based on the idea that.
A. Exports should exceed imports
B. Imports a should exceed exports
C. Resources are more mobile internationally than are goods
D. Resources are less mobile internationally than are goods.

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