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

00:00
Question # 1

Which of the following NOT a source of economic growth.

Question # 2

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

Question # 3

Comparative advantage is determined by

Question # 4

The overall Budget Deficit is financed from

Question # 5

Which of the followings is NOT component of M-2

Question # 6

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

Question # 7

The impact and incidence of sales tax is

Question # 8

Your checking account is

Question # 9

Saving means

Question # 10

If an economy experience an increase in productivity it means that.

Question # 11

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

Question # 12

Health of a country's economy is indicated by

Question # 13

If there is a price floor there will be

Question # 14

Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.

Question # 15

The productivity curve

Question # 16

In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers

Question # 17

The overall Budget Deficit is financed from

Question # 18

A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.

Question # 19

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

Question # 20

Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.

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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 is based on the idea that.
A. Exports should exceed imports
B. Imports a should exceed exports
C. Resources are more mobile internationally than are goods
D. Resources are less mobile internationally than are goods.
2 Your checking account is
A. An asset for you and a liability for your bank
B. A liability for you and an asset for your bank
C. An asset for both you and your bank
D. A liability for both you and your bank
3 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.
A. the marginal propensity to save
B. Minus the marginal propensity to save
C. The marginal propensity to consume
D. Minus the marginal propensity to consume
4 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
5 Most commonly referred indicator of inflation is
A. Wholesale price index
B. Retail price index
C. Consumer price index
D. Sensitivity price index
6 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
7 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.
8 A straight line downward sloping demand curve implies that as price falls the elasticity of demand.
A. Increases
B. Decreases
C. Remain the same
D. None of these
9 During the last eight years the per capita income in Pakistan has been
A. Increasing substantially because of decline in population growth
B. Decreasing
C. increasing only marginally
D. Constant
10 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

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