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

Productivity can grow.

Question # 2

All economic model ae based on

Question # 3

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

Question # 4

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.

Question # 5

Saving means

Question # 6

The form of dumping that represents the greatest potential net welfare loss the for importing nation is.

Question # 7

Skills that cna be transferred to other employers are called.

Question # 8

There is positive relationship between multiplier and.

Question # 9

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

Question # 10

Which of the following is automatic stabilizer.

Question # 11

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

Question # 12

Most commonly referred indicator of inflation is

Question # 13

Equilibrium price is a price at which

Question # 14

In the theory of the firm profit maximization is always synonymous with.

Question # 15

The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.

Question # 16

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

Question # 17

If the coefficient of income elasticity is negative.

Question # 18

National Income account of Pakistan have registered GDP & GNP as.

Question # 19

Which of the following is a stock variable.

Question # 20

In the balcne of payments, travel and tourism are included int he category 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 John Stuart Mill was the founder of the
A. Theory of reciprocal demand
B. Theory of absolute advantage
C. Theory of comparative advantage
D. Theory of mercantilism
2 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
3 The investment demand curve shifts right ward if
A. The real interest rate falls
B. Savers increase their thriftiness
C. The expected profit rate increases.
D. The economy moves into a recession
4 If the Federal Reserve wishes to increase the money supply it should.
A. Raise the reserve requirement
B. Raise the discount rate
C. Buy Treasury securities in the open market
D. All of the above
5 Negative taxation refers to.
A. Tax rebate
B. Subsidies
C. Tax evasion
D. Tax avoidance
6 A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
A. Factor prices
B. Technology
C. Both a and b
D. The price of the commodity
7 Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as
A. an import tariff
B. A tariff rate quota
C. A selective quota
D. A global quota
8 If an economy experience an increase in productivity it means that.
A. the level of output has risen
B. Employees are working harder than before
C. Output per unit of input has risen
D. Technical change has taken place
9 A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a
A. Domestic subsidy
B. Export subsidy
C. Import quota
D. Export quota
10 The central bank of a country plays a significant role in her macroeconomics performance by regulating the.
A. Money supply
B. Supply credit
C. Interest rate
D. All of these

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