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

Devaluation leads to.

Question # 2

A firm can fund an investment from its own sources, the opportunity cost of its investment is

Question # 3

A tax 15 percent per imported item would be an example of a

Question # 4

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

Question # 5

In 25 years Pakistan's Per capital income

Question # 6

In order of practice price discrimination which of the following is needed.

Question # 7

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

Question # 8

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

Question # 9

If there is a prices celling, which of the following is NOT likely to occur.

Question # 10

In pure competition.

Question # 11

The exogenous variable in the income equation C +!+G = y is

Question # 12

International trade is based on the idea that.

Question # 13

A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.

Question # 14

_________ are quotas that lead to a complete abolishment of trade.

Question # 15

The agricultural price support program is an example of.

Question # 16

The monetary base is composed of.

Question # 17

"Treating an individual as typical of a group.

Question # 18

the difference between actual and planned expenditure is equal to.

Question # 19

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

Question # 20

A tariff that probibits imports ahs only

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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 production function will be affected by changes in the prices of.
A. Inputs
B. Outputs
C. Neither
D. All of the above
2 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
3 Personal inocme is obtained by adding which items to national income
A. Govt. transfer payments
B. Business transfer payments
C. Both a and b
D. None of these
4 An Engel curve is based on which one of the following assumptions.
A. Constant prices, very incomes
B. Constant price, constant income
C. Constant incomes, varying prices
D. None of these
5 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
6 Which of the following NOT a source of economic growth.
A. Investment in new capitals
B. Labor productivity
C. Investment in human capital
D. Technology advances
7 Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as
A. an import tariff
B. A tariff rate quota
C. A selective quota
D. A global quota
8 Indirect taxes are
A. Direct taxes - subsidies
B. Subsidies
C. Sales taxes
D. Income taxes
9 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.
10 Skills that cna be transferred to other employers are called.
A. General skills
B. Specific skills
C. Non pecuniary skills
D. All of the above

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