PPSC Economics Topic 10 MCQS Test Preparation

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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 purely monetary explanation of the business cycle is proposed by

Question # 2

An important policy instrument to influence commercial banks is.

Question # 3

Similar to import tariffs, import quotas tend to result in.

Question # 4

Indirect taxes are

Question # 5

In autarky equilibrium.

Question # 6

Devaluation leads to.

Question # 7

Increases in minimum wage

Question # 8

Your checking account is

Question # 9

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

Question # 10

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

Question # 11

The bowed shape of the production possibilities curve illustrates

Question # 12

There is positive relationship between multiplier and.

Question # 13

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

Question # 14

The% change in quantity demanded due to % change in incomes.

Question # 15

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

Question # 16

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

Question # 17

All economic model ae based on

Question # 18

Livestock is

Question # 19

Indifference curves shows various combinations of.

Question # 20

"Treating an individual as typical of a group.

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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 Livestock is
A. An independent sector
B. Sub -sector of agriculture
C. Should be a part of Agriculture
D. Would become a part of Agriculture
2 Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.
A. Relatively greater than
B. Relatively less than
C. the same as
D. Any of the above
3 A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
4 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
5 Guid up of foreign exchange reserves leads to.
A. Decrease in money supply
B. increase in money supply
C. contraction in money supply
D. None of the above
6 The bowed shape of the production possibilities curve illustrates
A. The law of increasing marginal cost
B. the production is inefficient
C. the production in unattainable
D. The demand is relatively inelastic
7 Monopoly market is characteristics by
A. A large number of sellers
B. Only one seller
C. Thousand of seller
D. All of these
8 Negative taxation refers to.
A. Tax rebate
B. Subsidies
C. Tax evasion
D. Tax avoidance
9 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
10 When unintended investment is positive
A. Output tends to rise
B. Output tends to fall
C. Output is in equilibrium
D. None of these

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