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

A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.

Question # 2

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

Question # 3

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

Question # 4

In the balcne of payments, travel and tourism are included int he category of.

Question # 5

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 # 6

Non tariff trade barriers could include all of the following except

Question # 7

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

Question # 8

All economic model ae based on

Question # 9

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 10

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 11

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 # 12

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 13

The central economic problem in an economy refers to.

Question # 14

Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.

Question # 15

The overall Budget Deficit is financed from

Question # 16

Price controls are

Question # 17

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 18

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Question # 19

a nation with a current account deficit will be

Question # 20

Health of a country's economy is indicated by

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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 The theory of ___________ suggests that government can assist domestic competitors.
A. International dumping
B. Countervailing duties
C. Strategic trade policy
D. Export promotion policy
2 Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.
A. Decrease in the money supply
B. Increase in the money supply
C. Decrease in the money demand
D. any of the above
3 the difference between actual and planned expenditure is equal to.
A. X -M
B. M- X
C. Unplanned inventory change
D. Excess reserves of depository institutions.
4 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
5 The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.
A. Normal trade relation status.
B. Most favored nation status
C. Generalized system of Preferences.
D. Offshore assembly provisions
6 MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
7 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
8 The supply of foreign currency tends to be
A. upward sloping
B. down ward sloping
C. Vertical
D. any of the above
9 With no government and foreign trade sectors savings always equals.
A. Intended investment
B. Realized investment
C. Botha a and b
D. None of these
10 Those who argue in favor of import protection generally give the impression that such restricted trade will
A. Decrease the level of national security
B. Provide benefits to some particular industry
C. Provides benefits to the entire nation
D. Not yield welfare losses for the nation

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