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

Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as

Question # 2

An economy that has achieved full production has achieved

Question # 3

All economic model ae based on

Question # 4

The nominal interest rate is 5% and the inflation rate is 2% the real interest rate is.

Question # 5

Depreciation is.

Question # 6

If the coefficient of price elasticity is less than one

Question # 7

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

Question # 8

If the autarky price of S were lower in country A than in country B, then if trade were allowed.

Question # 9

a nation with a current account deficit will be

Question # 10

Most commonly referred indicator of inflation is

Question # 11

Productivity can grow.

Question # 12

Which of the following would most likely shift the production possibilities curve for a nation outward.

Question # 13

Your checking account is

Question # 14

the difference between actual and planned expenditure is equal to.

Question # 15

Which of the following is most likely to benefit a debtor.

Question # 16

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 # 17

The goal of a pure market economy is to best meet the desires of

Question # 18

In 25 years Pakistan's Per capital income

Question # 19

In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.

Question # 20

Which of the following is a stock variable.

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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 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
2 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
3 Price controls are
A. Necessary for consumer's welfares
B. A must to check inflation
C. Doomed to fall
D. None of these
4 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
5 the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .
A. Tastes and preferences.
B. Expectations of future interest rate levels
C. Per capita income levels
D. Labor productivities.
6 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
7 Livestock is
A. An independent sector
B. Sub -sector of agriculture
C. Should be a part of Agriculture
D. Would become a part of Agriculture
8 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.
A. the marginal propensity to save
B. Minus the marginal propensity to save
C. The marginal propensity to consume
D. Minus the marginal propensity to consume
9 Which of the following is a component of M1.
A. Saving deposit
B. Credit card
C. Checkable deposit
D. Gold
10 In Balance of payments accounting tourism and travel are classified in the
A. Merchandise trade account
B. Services account
C. Unilateral transfers account
D. Capital account

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