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

In 25 years Pakistan's Per capital income

Question # 2

The effect of the most favored nation clause is to

Question # 3

In autarky when a community maximizes its standard of living its production points is.

Question # 4

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

Question # 5

The fundamental economics problem faced by all societies is

Question # 6

Disposable incomes is equal to.

Question # 7

Depreciation is.

Question # 8

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

Question # 9

Export led growth strategies tend to emphasize.

Question # 10

A stable equilibrium requires that the marginal propensity to consume is.

Question # 11

Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.

Question # 12

In the classical model of Ricardo the direction of trade is delemined by.

Question # 13

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

Question # 14

Saving means

Question # 15

Similar to import tariffs, import quotas tend to result in.

Question # 16

Which of the following NOT a source of economic growth.

Question # 17

The type of business in which an individual has unlimited responsibility for the debts of the organization.

Question # 18

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

Question # 19

According the Keynes when the great depression started , the government should have.

Question # 20

If there is a price floor there will be

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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 International trade forces domestic firms to become more competitive in terms of.
A. The introduction of new products
B. Product design and quantity
C. Product price
D. All of the above
2 Indirect taxes are
A. Direct taxes - subsidies
B. Subsidies
C. Sales taxes
D. Income taxes
3 Which of the following is often considered to be inconsistent with the notion of perfect competition.
A. Large number of firms
B. Free entry
C. Complete mobility
D. None of these
4 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
5 The fundamental economics problem faced by all societies is
A. Un employment
B. In equality
C. Poverty
D. Scarcity
6 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
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 A tax of 20 cents per unit of imported cheese would be an example of a
A. Compound tariff
B. Effective traiff
C. Ad valorem tariff
D. Specific tariff
9 The impact and incidence of sales tax is
A. On the consumer
B. On the seller
C. On the producer
D. None of these
10 When unintended investment is positive
A. Output tends to rise
B. Output tends to fall
C. Output is in equilibrium
D. None of these

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