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

If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.

Question # 2

The bowed shape of the production possibilities curve illustrates

Question # 3

Absolute advantage is determined by.,

Question # 4

Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.

Question # 5

A_______ is an example of a quota where foreigners hold quota licenses.

Question # 6

The effect of the most favored nation clause is to

Question # 7

Capitalism refers to

Question # 8

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

Question # 9

Which of the following is a component of M1.

Question # 10

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

Question # 11

The asset market approach a more helpful in explaning.

Question # 12

Your checking account is

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

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

Question # 15

International trade in goods and services is sometimes used as a substitute for all of the following except.

Question # 16

If there is a price celling, there will be.

Question # 17

Indirect taxes are

Question # 18

The overall Budget Deficit is financed from

Question # 19

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

Question # 20

Personal inocme is obtained by adding which items to national income

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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 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
3 A tariff can________ raise a country's welfare.
A. Sometimes
B. Never
C. Always
D. None of these
4 Direct investment and security purchase are classified as.
A. Capital account transactions
B. Current account transactions
C. Unilateral transfer transactions
D. Merchandise trade transactions
5 an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
A. Diminishing marginal utility
B. Diminishing marginal productivity
C. Diminishing marginal costs
D. Diminishing marginal profit
6 a nation with a current account deficit will be
A. Lending more money to other nations
B. Experiencing a surplus in exports of goods and services.
C. Reducing its indebtedness to other nations
D. Going further into debt with other nations
7 The larger the required reserve ratio the.
A. Smaller is the deposit multiplier
B. Larger is the deposit multitier
C. Larger is the amount of total deposits that can created from a new deposit
D. Larger is the amount of total money that can be created from a withdrawal
8 Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.
A. Multilateral contracts
B. Production and export controls
C. Buffer stock arrangements
D. Tariff rate quotes
9 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
10 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits

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