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

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

Question # 2

Devaluation leads to.

Question # 3

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

Question # 4

The overall Budget Deficit is financed from

Question # 5

Import substitution is an example of.

Question # 6

Monopoly market is characteristics by

Question # 7

A market is in equilibrium when

Question # 8

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 # 9

A firm's monopolistic position is strengthened by

Question # 10

Which of the following NOT a source of economic growth.

Question # 11

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 # 12

The locus of equilibrium of consumers due to changes in price of a commodity is known as.

Question # 13

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

Question # 14

In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.

Question # 15

Non tariff trade barriers could include all of the following except

Question # 16

In the theory of the firm profit maximization is always synonymous with.

Question # 17

Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called

Question # 18

The central economic problem in an economy refers to.

Question # 19

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

Question # 20

A firm can fund an investment from its own sources, the opportunity cost of its investment 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 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
2 Depreciation is.
A. A decrease in the stock of capital
B. Gross investment
C. Net investment
D. An increases in the stock of capital
3 Export led growth strategies tend to emphasize.
A. Resource allocation based on the principle of absolute advantage.
B. Resource allocation based on the principle of comparative advantage.
C. Trade protection for exporting competing firms
D. Trade protection for import competing firms
4 John Stuart Mill was the founder of the
A. Theory of reciprocal demand
B. Theory of absolute advantage
C. Theory of comparative advantage
D. Theory of mercantilism
5 Capitalism refers to
A. the use of markets
B. Government ownership fo capital goods
C. Private ownership of capital goods
D. Private ownership of homes and cars
6 the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .
A. Tastes and preferences.
B. Expectations of future interest rate levels
C. Per capita income levels
D. Labor productivities.
7 If an economy experience an increase in productivity it means that.
A. the level of output has risen
B. Employees are working harder than before
C. Output per unit of input has risen
D. Technical change has taken place
8 If the autarky price of S were lower in country A than in country B, then if trade were allowed.
A. A would likely exports s to B
B. A would likely import s from B
C. Neither country would want to trade
D. None of the above
9 Import substitution is an example of.
A. The principle of comparative advantage
B. The principle of absolute advantage
C. An outward looking growth strategy
D. An inward looking growth strategy
10 In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.
A. Demand curve shifts to the left
B. Supply curve shifts to the left
C. Supply curve shifts to the right
D. Demand and supply curves both shift to the right

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