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

The investment demand curve shifts right ward if

Question # 2

If the coefficient of income elasticity is negative.

Question # 3

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 4

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Question # 5

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

Question # 6

The production function will be affected by changes in the prices of.

Question # 7

Public utilities tend to be

Question # 8

Disposable incomes is equal to.

Question # 9

The warfare effect of a quota depend to a considerable extent upon.

Question # 10

An Engel curve is based on which one of the following assumptions.

Question # 11

The goal of a pure market economy is to best meet the desires of

Question # 12

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 # 13

The monetary base is composed of.

Question # 14

Which of the following products will have an elastic demand.

Question # 15

The supply of foreign currency tends to be

Question # 16

The agricultural price support program is an example of.

Question # 17

The impact and incidence of sales tax is

Question # 18

If there is a price celling, there will be.

Question # 19

The bowed shape of the production possibilities curve illustrates

Question # 20

If tastes are identical between countries than comparative advantage is determined 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 Unemployment Rate is a percentage relation with reference is.
A. Total population
B. Civilian labour force
C. Employed persons
D. Unemployed persons
2 A firm can fund an investment from its own sources, the opportunity cost of its investment is
A. Less than zero
B. Zero
C. More than zero
D. Neither
3 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
4 A decrease in lump sum taxes is an examples of.
A. Contractionary fiscal policy
B. Expansionary fiscal policy
C. A change in induced taxes
D. A and c
5 Of the following which one is a characteristic of monopolistic competition.
A. Standardized product
B. Comparatively easy only
C. Little non price competition
D. None of these
6 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
7 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
8 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
9 A tax 15 percent per imported item would be an example of a
A. Ad valorem tariff
B. specific tariff
C. Effective tariff
D. Compound tariff
10 Depreciation is.
A. A decrease in the stock of capital
B. Gross investment
C. Net investment
D. An increases in the stock of capital

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