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

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

Question # 2

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

Question # 3

There is positive relationship between multiplier and.

Question # 4

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Question # 5

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 # 6

Of the following which one is a characteristic of monopolistic competition.

Question # 7

In order to maximize profits a monopoly company will produce that quantity at which the

Question # 8

Disposable incomes is equal to.

Question # 9

Capitalism refers to

Question # 10

Import substitution is an example of.

Question # 11

Ad valorem tariffs are collected as

Question # 12

Which of the following is a component of M1.

Question # 13

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 # 14

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

Question # 15

a nation with a current account deficit will be

Question # 16

Indirect taxes are

Question # 17

International trade is based on the idea that.

Question # 18

Which of the following is often considered to be inconsistent with the notion of perfect competition.

Question # 19

Those who argue in favor of import protection generally give the impression that such restricted trade will

Question # 20

Livestock is

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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 Similar to import tariffs, import quotas tend to result in.
A. Higher prices and reduced imports
B. Increasesed government revenue
C. Increased consumer surplus
D. Decrease producer surplus
2 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
3 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
4 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.
A. World Bank
B. International Monetary fund
C. Council on Foreign Relations
D. Organization of petroleum Exporting countries.
5 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.
6 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
7 Disposable income is.
A. Income less taxes
B. Income less direct taxes
C. income less indirect taxes
D. All of these
8 Productivity can grow.
A. If capital per hour of labor increases.
B. If there are no technological advances.
C. If capital per hour of labor decreases
D. If real GDP per hour labor decrease and capital per hour of labor increases.
9 "Treating an individual as typical of a group.
A. Pure discrimination
B. statistical discrimination
C. Human capital
D. Specific skills
10 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

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