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

Import substitution is an example of.

Question # 2

Ad valorem tariffs are collected as

Question # 3

If an economy experience an increase in productivity it means that.

Question # 4

In oligopoly market seller are.

Question # 5

The theory of ___________ suggests that government can assist domestic competitors.

Question # 6

The central economic problem in an economy refers to.

Question # 7

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

Question # 8

Health of a country's economy is indicated by

Question # 9

Which of the following is a component of M1.

Question # 10

With no government and foreign trade sectors savings always equals.

Question # 11

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

Question # 12

Monopoly market is characteristics by

Question # 13

If the coefficient of price elasticity is less than one

Question # 14

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

Question # 15

Capitalism refers to

Question # 16

The form of dumping that represents the greatest potential net welfare loss the for importing nation is.

Question # 17

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

Question # 18

Which of the following organization primely provides long term loans to developing countries to help them develop the infrastructure such as schools hospitals and roads.

Question # 19

The investment demand curve shifts right ward if

Question # 20

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.

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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 Health of a country's economy is indicated by
A. Number of doctors per 1,000 population
B. Per capital income
C. Literacy rate
D. None of the above
2 Guid up of foreign exchange reserves leads to.
A. Decrease in money supply
B. increase in money supply
C. contraction in money supply
D. None of the above
3 ____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.
A. Producer surplus
B. Deadweight surplus
C. Government surplus
D. Consumer surplus
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 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.
6 A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
7 The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.
A. Factor endowments
B. Factor intensities
C. Technology
D. Opportunity costs
8 Unemployment Rate is a percentage relation with reference is.
A. Total population
B. Civilian labour force
C. Employed persons
D. Unemployed persons
9 According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________
A. rise ; rise
B. fall ; rise
C. rise ; fall
D. fall ; fall
10 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.
A. Total revenue
B. Marginal physical product
C. Marginal revenues product
D. Marginal revenue.

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