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

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

Question # 2

Negative taxation refers to.

Question # 3

The theory of ___________ suggests that government can assist domestic competitors.

Question # 4

All economic model ae based on

Question # 5

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

Question # 6

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

Question # 7

The investment demand curve shifts right ward if

Question # 8

The overall Budget Deficit is financed from

Question # 9

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Question # 10

In order of practice price discrimination which of the following is needed.

Question # 11

The productivity curve

Question # 12

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

Question # 13

Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..

Question # 14

Non tariff trade barriers could include all of the following except

Question # 15

According the Keynes when the great depression started , the government should have.

Question # 16

International trade forces domestic firms to become more competitive in terms of.

Question # 17

The largest trading partner of Pakistan is

Question # 18

A purely monetary explanation of the business cycle is proposed by

Question # 19

Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.

Question # 20

The larger the required reserve ratio the.

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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 According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________
A. rise ; rise
B. fall ; rise
C. rise ; fall
D. fall ; fall
2 Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called
A. deferential actions
B. Cash transactions,
C. Arbitrage
D. Forward transactions
3 Personal inocme is obtained by adding which items to national income
A. Govt. transfer payments
B. Business transfer payments
C. Both a and b
D. None of these
4 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
5 The central economic problem in an economy refers to.
A. The prevalence of unemployment
B. To allocate scarce resources between competing uses.
C. Consumers having less money than they would like
D. ensure that production costs are converted by sales revenue.
6 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these
7 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
8 In the theory of the firm profit maximization is always synonymous with.
A. Profitability
B. Economic profit making
C. maximization of the sales revenue
D. None of these
9 There is positive relationship between multiplier and.
A. Marginal propensity to consume
B. Marginal propensity to save
C. Marginal efficiency of capital
D. all of these
10 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP

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