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

Comparative advantage is determined by

Question # 2

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

Question # 3

An increasingly higher marginal income tax is

Question # 4

Equilibrium price is a price at which

Question # 5

In pure competition.

Question # 6

The type of business in which an individual has unlimited responsibility for the debts of the organization.

Question # 7

The funds used for further investment in joint stock company refers to.

Question # 8

Through the world government tend o auction quota license to their highest bidder.

Question # 9

Which of the following is most likely to benefit a debtor.

Question # 10

Quotas are government imposed limits on the ________ of goods trade between countries.

Question # 11

If there is a prices celling, which of the following is NOT likely to occur.

Question # 12

A tariff can________ raise a country's welfare.

Question # 13

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

Question # 14

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

Question # 15

If a small country imposes a tariff on an imported good its terms of trade will

Question # 16

Which of the following NOT a source of economic growth.

Question # 17

According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.

Question # 18

The asset market approach a more helpful in explaning.

Question # 19

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

Question # 20

Which of the following type of taxes is the most regressive.

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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 Most commonly referred indicator of inflation is
A. Wholesale price index
B. Retail price index
C. Consumer price index
D. Sensitivity price index
2 The central economic problem in an economy refers to.
A. The prevalence of unemployment
B. To allocate scarce resources between competing uses.
C. Consumers having less money than they would like
D. ensure that production costs are converted by sales revenue.
3 Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called
A. deferential actions
B. Cash transactions,
C. Arbitrage
D. Forward transactions
4 Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.
A. Multilateral contracts
B. Production and export controls
C. Buffer stock arrangements
D. Tariff rate quotes
5 A demand curve shows the relation between the quantity demanded to a commodity over a given time and.
A. the testes of consumer
B. The money income of cosumer
C. The price of related commodities
D. The price of the commodity
6 Which of the following NOT a source of economic growth.
A. Investment in new capitals
B. Labor productivity
C. Investment in human capital
D. Technology advances
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 A tariff can________ raise a country's welfare.
A. Sometimes
B. Never
C. Always
D. None of these
9 If there is a price floor there will be
A. Shortages
B. Surpluses
C. Equilibrium
D. None of these
10 The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.
A. Predatory dumping
B. sporadic dumpling
C. Persistent dumpling
D. Year and dumping

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