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

The investment demand curve shifts right ward if

Question # 2

Disposable income is.

Question # 3

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

Question # 4

The overall Budget Deficit is financed from

Question # 5

An Engel curve is based on which one of the following assumptions.

Question # 6

Which of the following NOT a source of economic growth.

Question # 7

Since 1960 the rage of economic growth in the country has been

Question # 8

Indifference curves shows various combinations of.

Question # 9

Direct investment and security purchase are classified as.

Question # 10

Which of the following is a component of M1.

Question # 11

A decrease in lump sum taxes is an examples of.

Question # 12

Guid up of foreign exchange reserves leads to.

Question # 13

In pure competition.

Question # 14

Livestock is

Question # 15

The agricultural price support program is an example of.

Question # 16

The term of trade is given by the process.

Question # 17

Capitalism refers to

Question # 18

The central economic problem in an economy refers to.

Question # 19

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

Question # 20

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

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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 important policy instrument to influence commercial banks is.
A. Open market operations
B. Changing reserve ratios of commercial banks
C. Moral persuasion
D. None of the above
2 A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.
A. Constant
B. Inelastic
C. Elastic
D. Unitary elastic
3 Which of the following is a stock variable.
A. Gross private domestic investment
B. Personal savings
C. Both a and b
D. None of these
4 Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
A. Positive
B. Negative
C. Infinite
D. None of these
5 Through the world government tend o auction quota license to their highest bidder.
A. Always
B. Often
C. Seldom
D. Never
6 Those who argue in favor of import protection generally give the impression that such restricted trade will
A. Decrease the level of national security
B. Provide benefits to some particular industry
C. Provides benefits to the entire nation
D. Not yield welfare losses for the nation
7 MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
8 A straight line downward sloping demand curve implies that as price falls the elasticity of demand.
A. Increases
B. Decreases
C. Remain the same
D. None of these
9 Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.
A. Destabilizing
B. Stabilizing
C. Inflationary
D. Deflationary
10 The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.
A. Relative price
B. Elasticity
C. J- Curve
D. Pass through

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