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

In 25 years Pakistan's Per capital income

Question # 2

Skills that cna be transferred to other employers are called.

Question # 3

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

Question # 4

Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..

Question # 5

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

Question # 6

In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.

Question # 7

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

Question # 8

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

Question # 9

Disposable incomes is equal to.

Question # 10

If the coefficient of price elasticity is less than one

Question # 11

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

Question # 12

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

Question # 13

During the last eight years the per capita income in Pakistan has been

Question # 14

The overall Budget Deficit is financed from

Question # 15

Comparative advantage is determined by

Question # 16

There is positive relationship between multiplier and.

Question # 17

An increasingly higher marginal income tax is

Question # 18

Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.

Question # 19

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.

Question # 20

The largest trading partner of Pakistan is

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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 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
2 In order to maximize profits a monopoly company will produce that quantity at which the
A. A marginal revenue equals average total cost
B. Price equals marginal revenue
C. Marginal revue equals marginal cost
D. Total revenue equals total cost
3 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
4 "Treating an individual as typical of a group.
A. Pure discrimination
B. statistical discrimination
C. Human capital
D. Specific skills
5 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
6 An indifference curve gives
A. the actual combination of goods that consumer chooses
B. the minimum choice of the consumer
C. the highest level of satisfaction
D. None of these
7 A straight line downward sloping demand curve implies that as price falls the elasticity of demand.
A. Increases
B. Decreases
C. Remain the same
D. None of these
8 Capitalism refers to
A. the use of markets
B. Government ownership fo capital goods
C. Private ownership of capital goods
D. Private ownership of homes and cars
9 Which of the following is likely ot be longer for monetary policy that for fiscal policy.
A. The implementation lag
B. The recognition log
C. Both a and b
D. None of these
10 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.

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