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

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Question # 2

In autarky equilibrium.

Question # 3

Health of a country's economy is indicated by

Question # 4

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 5

Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.

Question # 6

Compared to the case of perfect competition.

Question # 7

The term of trade is given by the process.

Question # 8

_________ are quotas that lead to a complete abolishment of trade.

Question # 9

International trade in goods and services is sometimes used as a substitute for all of the following except.

Question # 10

The largest trading partner of Pakistan is

Question # 11

In the circular flow diagram firms.

Question # 12

International trade during the 19th century was characterized by.

Question # 13

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

Question # 14

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 15

That the division of labor is limited by the size of the market best applies to which explanation of trade.

Question # 16

Monopoly market is characteristics by

Question # 17

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 18

The theory of ___________ suggests that government can assist domestic competitors.

Question # 19

An Engel curve is based on which one of the following assumptions.

Question # 20

Direct investment and security purchase are classified 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 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
2 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
3 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
4 If there is a price celling, there will be.
A. Shortages
B. surpluses
C. Equilibrium
D. None of these
5 The theory of ___________ suggests that government can assist domestic competitors.
A. International dumping
B. Countervailing duties
C. Strategic trade policy
D. Export promotion policy
6 In autarky when a community maximizes its standard of living its production points is.
A. Below the production possibility frontier
B. On the production possibility frontier
C. Above the production possibility frontier
D. Can't tell without more information.
7 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
8 Most commonly referred indicator of inflation is
A. Wholesale price index
B. Retail price index
C. Consumer price index
D. Sensitivity price index
9 The relation ship between the exchange rate and the prices of tradable goods is known as the.
A. Purchasing power parity theory
B. Asset markets theory
C. Monetary theory
D. Balance of payments theory
10 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

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