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 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 # 2

The larger the required reserve ratio the.

Question # 3

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

Question # 4

Which of the following type of taxes is the most regressive.

Question # 5

Saving means

Question # 6

Equilibrium price is a price at which

Question # 7

In 25 years Pakistan's Per capital income

Question # 8

Price controls are

Question # 9

Capitalism refers to

Question # 10

A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.

Question # 11

All economic model ae based on

Question # 12

All economic model ae based on

Question # 13

If there is a prices celling, which of the following is NOT likely to occur.

Question # 14

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

Question # 15

The supply of foreign currency tends to be

Question # 16

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

Question # 17

Guid up of foreign exchange reserves leads to.

Question # 18

The bowed shape of the production possibilities curve illustrates

Question # 19

Which of the following is automatic stabilizer.

Question # 20

The monetary base is composed of.

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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 During the 1980's empirical evidence indicates that.
A. Poverty re emerged in Pakistan
B. Good growth brought down poverty in Pakistan.
C. Poverty situation showed no change
D. None of the above
2 A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
A. Factor prices
B. Technology
C. Both a and b
D. The price of the commodity
3 John Stuart Mill was the founder of the
A. Theory of reciprocal demand
B. Theory of absolute advantage
C. Theory of comparative advantage
D. Theory of mercantilism
4 All economic model ae based on
A. Realistic assumptions
B. Assumptions which can never be perfectly realistic
C. Unrealistic assumptions
D. None of the above
5 In a "Lorenz curve diagram absolute equality in income distribution would appear as.
A. A curved line well bowed out from the diagonal
B. A curved line close to the diagonal
C. A right angled line
D. A diagonal line
6 The effect of the most favored nation clause is to
A. Eliminate at tariffs between countries.
B. Increase all tariff rates between countries
C. Maintain a nondiscriminatory structure of tariffs
D. Marlein a discriminatory structure of tariffs.
7 Compared to the case of perfect competition.
A. Monopolist is more likely to
B. Charge a higher price
C. Produce a lower quantity of the product
D. All of the above
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 The asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.
10 In autarky when a community maximizes its standard of living its production points is.
A. Below the production possibility frontier
B. On the production possibility frontier
C. Above the production possibility frontier
D. Can't tell without more information.

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