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

During the last eight years the per capita income in Pakistan has been

Question # 2

According the Keynes when the great depression started , the government should have.

Question # 3

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

Question # 4

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

Question # 5

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

Question # 6

A tariff that probibits imports ahs only

Question # 7

A change in the full employment quantity of labor_________ the short run aggregate supply curve and ______ the long run aggregate supply curve.

Question # 8

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

Question # 9

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

Question # 10

Capitalism refers to

Question # 11

If tastes are identical between countries than comparative advantage is determined by

Question # 12

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

Question # 13

the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .

Question # 14

In oligopoly market seller are.

Question # 15

The overall Budget Deficit is financed from

Question # 16

International trade is based on the idea that.

Question # 17

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

Question # 18

In pure competition.

Question # 19

Export led growth strategies tend to emphasize.

Question # 20

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

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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 nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.
A. Relative price
B. Elasticity
C. J- Curve
D. Pass through
2 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
3 Indifference curves shows various combinations of.
A. One commodity
B. Two
C. Three
D. All of these
4 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
5 Which of the following products will have an elastic demand.
A. Flour
B. Cloth
C. Honda city
D. None of these
6 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.
A. An increase in aggregate supply
B. A decrease in aggregate supply
C. A decrease in aggregate demand
D. An increase in aggregate demand
7 There is positive relationship between multiplier and.
A. Marginal propensity to consume
B. Marginal propensity to save
C. Marginal efficiency of capital
D. all of these
8 Saving means
A. Part of income for investment
B. Income for boarding
C. Non consumption of income in the current period
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 If there is a price celling, there will be.
A. Shortages
B. surpluses
C. Equilibrium
D. None of these

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