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 pure number by which change in investment is multiplied to change in income is called

Question # 2

The asset market approach a more helpful in explaning.

Question # 3

Public utilities tend to be

Question # 4

The largest trading partner of Pakistan is

Question # 5

International trade forces domestic firms to become more competitive in terms of.

Question # 6

a nation with a current account deficit will be

Question # 7

A tariff that probibits imports ahs only

Question # 8

The monetary base is composed of.

Question # 9

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

Question # 10

A stable equilibrium requires that the marginal propensity to consume is.

Question # 11

An important policy instrument to influence commercial banks is.

Question # 12

Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..

Question # 13

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

Question # 14

The productivity curve

Question # 15

The investment demand curve shifts right ward if

Question # 16

During the 1980's empirical evidence indicates that.

Question # 17

The law of demand states that

Question # 18

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

Question # 19

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

Question # 20

Import substitution is an example of.

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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 overall Budget Deficit is financed from
A. External borrowing
B. Non bank borrowing domestically
C. Bank borrowing plus the above two at a and b
D. None of the above
2 In the home country government grants a subsidy of a domestically produced good domestic producers tend to.
A. Capture the entire subsidy in the form of higher profits
B. Increase their level of production
C. Reduce wages paid to domestic workers
D. Consider the subsidy as an increase in production cost
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 A pure number by which change in investment is multiplied to change in income is called
A. Multiplier
B. Accelerator
C. Stabilizer
D. All of these
5 Which of the following is a stock variable.
A. Gross private domestic investment
B. Personal savings
C. Both a and b
D. None of these
6 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
7 An increasingly higher marginal income tax is
A. Progressive
B. Regressive
C. Proportional
D. Both b and c
8 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
9 Those who argue in favor of import protection generally give the impression that such restricted trade will
A. Decrease the level of national security
B. Provide benefits to some particular industry
C. Provides benefits to the entire nation
D. Not yield welfare losses for the nation
10 Disposable income is.
A. Income less taxes
B. Income less direct taxes
C. income less indirect taxes
D. All of these

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