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 Most Frequently Asked Economics MCQS

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PPSC Economics Topic 10 Most Frequently Asked Economics MCQS

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Question # 1

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

Question # 2

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 3

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

Question # 4

The larger the required reserve ratio the.

Question # 5

The "balance trade" is a record of.

Question # 6

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.

Question # 7

Unemployment Rate is a percentage relation with reference is.

Question # 8

Saving means

Question # 9

A firm can fund an investment from its own sources, the opportunity cost of its investment is

Question # 10

Why is the law of diminishing marginal returns ture.

Question # 11

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

Question # 12

A firm's monopolistic position is strengthened by

Question # 13

Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.

Question # 14

An important policy instrument to influence commercial banks is.

Question # 15

If the coefficient of income elasticity is negative.

Question # 16

The type of business in which an individual has unlimited responsibility for the debts of the organization.

Question # 17

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

Question # 18

The exogenous variable in the income equation C +!+G = y is

Question # 19

The fundamental economics problem faced by all societies is

Question # 20

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

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Economics
10th Chapter

PPSC Economics Chapter 10 Test

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Sr.# Question Answer
1 The locus of equilibrium of consumers due to changes in price of a commodity is known as.
A. Price consumption curve
B. Income consumption curve
C. Producing possibility curve
D. None of these
2 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
3 A demand curve shows the relation between the quantity demanded to a commodity over a given time and.
A. the testes of consumer
B. The money income of cosumer
C. The price of related commodities
D. The price of the commodity
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 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
6 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
7 If the coefficient of income elasticity is negative.
A. Inferior good
B. Normal good
C. Luxury good
D. All of these
8 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
9 Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.
A. Relatively greater than
B. Relatively less than
C. the same as
D. Any of the above
10 The exogenous variable in the income equation C +!+G = y is
A. C
B. I
C. G
D. None of these

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