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

All economic model ae based on

Question # 2

In the classical model of Ricardo the direction of trade is delemined by.

Question # 3

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

Question # 4

Skills that cna be transferred to other employers are called.

Question # 5

Capitalism refers to

Question # 6

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 7

An economy that has achieved full production has achieved

Question # 8

Direct investment and security purchase are classified as.

Question # 9

The agricultural price support program is an example of.

Question # 10

Health of a country's economy is indicated by

Question # 11

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

Question # 12

Equilibrium price is a price at which

Question # 13

The central bank of a country plays a significant role in her macroeconomics performance by regulating the.

Question # 14

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 15

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

Question # 16

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

Question # 17

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

Question # 18

If the Federal Reserve wishes to increase the money supply it should.

Question # 19

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

Question # 20

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

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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 Devaluation leads to.
A. Increase in imports
B. Increase in exports
C. Decline in imports
D. None of the above
2 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
3 The exogenous variable in the income equation C +!+G = y is
A. C
B. I
C. G
D. None of these
4 Quotas are government imposed limits on the ________ of goods trade between countries.
A. Prices
B. Quantity
C. Revenue
D. Costs
5 If in market the seller is changing different prices for the same commodity from different consumers it is known as.
A. Price discrimination
B. efficient selling
C. Profit maxi miser in Monopoly
D. all of these
6 In the short run an increase in the quantity of money ______ real GDP and _ the price level.
A. increases ; raises
B. does not change ; lowers
C. decreases ; raises
D. decrease ; lowers
7 The asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.
8 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
9 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
10 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

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