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

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

Question # 2

If an economy experience an increase in productivity it means that.

Question # 3

The agricultural price support program is an example of.

Question # 4

The term of trade is given by the process.

Question # 5

The effect of the most favored nation clause is to

Question # 6

Health of a country's economy is indicated by

Question # 7

A purely monetary explanation of the business cycle is proposed by

Question # 8

When unintended investment is positive

Question # 9

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

Question # 10

Indirect taxes are

Question # 11

Most commonly referred indicator of inflation is

Question # 12

The overall Budget Deficit is financed from

Question # 13

Saving means

Question # 14

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

Question # 15

The investment demand curve shifts right ward if

Question # 16

A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.

Question # 17

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

Question # 18

A tax of 20 cents per unit of imported cheese would be an example of a

Question # 19

If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.

Question # 20

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

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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 That the division of labor is limited by the size of the market best applies to which explanation of trade.
A. Factor endowment theory
B. Product life cycle theory
C. Economies of scale theory
D. Overlapping demand theory
2 The warfare effect of a quota depend to a considerable extent upon.
A. Who has the quota license
B. The size of the quota
C. Elasticities of domestic demand and supply
D. All of the above
3 Price controls are
A. Necessary for consumer's welfares
B. A must to check inflation
C. Doomed to fall
D. None of these
4 If the coefficient of income elasticity is negative.
A. Inferior good
B. Normal good
C. Luxury good
D. All of these
5 Those who argue in favor of import protection generally give the impression that such restricted trade will
A. Decrease the level of national security
B. Provide benefits to some particular industry
C. Provides benefits to the entire nation
D. Not yield welfare losses for the nation
6 MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
7 A tariff can________ raise a country's welfare.
A. Sometimes
B. Never
C. Always
D. None of these
8 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
9 If tastes are identical between countries than comparative advantage is determined by
A. Supply conditions only
B. Demand conditions only
C. Supply and demand conditions
D. Can't tell without more information.
10 A market is in equilibrium when
A. Ac = P
B. MC = MR
C. AC =AR
D. TC =TR

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