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

Similar to import tariffs, import quotas tend to result in.

Question # 2

MRSxy being 6 means

Question # 3

A market is in equilibrium when

Question # 4

In autarky when a community maximizes its standard of living its production points is.

Question # 5

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

Question # 6

Which of the following NOT a source of economic growth.

Question # 7

Your checking account is

Question # 8

The funds used for further investment in joint stock company refers to.

Question # 9

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

Question # 10

If there is a prices celling, which of the following is NOT likely to occur.

Question # 11

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Question # 12

Saving means

Question # 13

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

Question # 14

The overall Budget Deficit is financed from

Question # 15

Comparative advantage is determined by

Question # 16

Absolute advantage is determined by.,

Question # 17

That the division of labor is limited by the size of the market best applies to which explanation of trade.

Question # 18

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

Question # 19

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

Question # 20

The form of dumping that represents the greatest potential net welfare loss the for importing nation is.

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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 relation ship between the exchange rate and the prices of tradable goods is known as the.
A. Purchasing power parity theory
B. Asset markets theory
C. Monetary theory
D. Balance of payments theory
2 The impact and incidence of sales tax is
A. On the consumer
B. On the seller
C. On the producer
D. None of these
3 A market is in equilibrium when
A. Ac = P
B. MC = MR
C. AC =AR
D. TC =TR
4 Ad valorem tariffs are collected as
A. Fixed amounts of money per unit traded
B. A percentage of the price of the product
C. A percentage of the quantity of imports
D. All of the above
5 In order of practice price discrimination which of the following is needed.
A. Some degree of monopoly power
B. An ability to separate the market
C. An ability to prevent reselling
D. All of the above
6 Indirect taxes are
A. Direct taxes - subsidies
B. Subsidies
C. Sales taxes
D. Income taxes
7 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
8 Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.
A. Research and development subsidies
B. Loan guarantees
C. Low interest rate loans
D. All of the above
9 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
10 Absolute advantage is determined by.,
A. Actual difference in labor productivity between countries.
B. Relative difference in labor productivity between countries.
C. Both a and b
D. neither a and b

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