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

A firm's monopolistic position is strengthened by

Question # 2

The theory of ___________ suggests that government can assist domestic competitors.

Question # 3

The fundamental economics problem faced by all societies is

Question # 4

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

Question # 5

A tariff can________ raise a country's welfare.

Question # 6

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

Question # 7

All economic model ae based on

Question # 8

Since 1960 the rage of economic growth in the country has been

Question # 9

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

Question # 10

The largest trading partner of Pakistan is

Question # 11

The supply of foreign currency tends to be

Question # 12

The investment demand curve shifts right ward if

Question # 13

A straight line downward sloping demand curve implies that as price falls the elasticity of demand.

Question # 14

The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.

Question # 15

A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.

Question # 16

In the balcne of payments, travel and tourism are included int he category of.

Question # 17

Capitalism refers to

Question # 18

The larger the required reserve ratio the.

Question # 19

If the autarky price of S were lower in country A than in country B, then if trade were allowed.

Question # 20

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.

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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 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
2 The nominal interest rate is 5% and the inflation rate is 2% the real interest rate is.
A. 2%
B. 3%
C. 7%
D. 4%
3 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these
4 Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..
A. Classical growth theory
B. Neoclassical growth theory
C. New growth theory
D. Market failure
5 The impact and incidence of sales tax is
A. On the consumer
B. On the seller
C. On the producer
D. None of these
6 Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.
A. Relatively greater than
B. Relatively less than
C. the same as
D. Any of the above
7 Why is the law of diminishing marginal returns ture.
A. Specialization and division of labor
B. Spreading the average fixed cost
C. Limited capital
D. All factors being variable in the long run
8 The effect of the most favored nation clause is to
A. Eliminate at tariffs between countries.
B. Increase all tariff rates between countries
C. Maintain a nondiscriminatory structure of tariffs
D. Marlein a discriminatory structure of tariffs.
9 If a country an imposes an import tariff its welfare can improve if
A. The country is a small country's than a larger country.
B. Its terms of trade improve enough
C. The tariff enhances the welfare of its trading partners
D. Its government's tax revenue increase because of the tariff
10 In autarky equilibrium.
A. Production equals consumption
B. Export equal inmprts
C. There is no trade
D. All of the above

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