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

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.

Question # 2

Non tariff trade barriers could include all of the following except

Question # 3

In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers

Question # 4

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

Question # 5

Depreciation is.

Question # 6

All economic model ae based on

Question # 7

the difference between actual and planned expenditure is equal to.

Question # 8

Most commonly referred indicator of inflation is

Question # 9

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

Question # 10

Compared to the case of perfect competition.

Question # 11

A pure number by which change in investment is multiplied to change in income is called

Question # 12

Health of a country's economy is indicated by

Question # 13

Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.

Question # 14

an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.

Question # 15

The overall Budget Deficit is financed from

Question # 16

Quotas are government imposed limits on the ________ of goods trade between countries.

Question # 17

John Stuart Mill was the founder of the

Question # 18

The overall Budget Deficit is financed from

Question # 19

An increasingly higher marginal income tax is

Question # 20

A stable equilibrium requires that the marginal propensity to consume 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 Which of the following is a component of M1.
A. Saving deposit
B. Credit card
C. Checkable deposit
D. Gold
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 firm can fund an investment from its own sources, the opportunity cost of its investment is
A. Less than zero
B. Zero
C. More than zero
D. Neither
4 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
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 Devaluation leads to.
A. Increase in imports
B. Increase in exports
C. Decline in imports
D. None of the above
7 Saving means
A. Part of income for investment
B. Income for boarding
C. Non consumption of income in the current period
D. None of the above
8 The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping
9 If the Federal Reserve wishes to increase the money supply it should.
A. Raise the reserve requirement
B. Raise the discount rate
C. Buy Treasury securities in the open market
D. All of the above
10 Disposable incomes is equal to.
A. National income Minus taxes
B. Real GDP
C. National income Minus taxes
D. National income Minus Taxes plus transfers

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