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

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

Question # 2

The largest trading partner of Pakistan is

Question # 3

Monopoly market is characteristics by

Question # 4

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Question # 5

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

Question # 6

Capitalism refers to

Question # 7

In order of practice price discrimination which of the following is needed.

Question # 8

If the coefficient of income elasticity is negative.

Question # 9

A tariff that probibits imports ahs only

Question # 10

Import substitution is an example of.

Question # 11

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

Question # 12

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

Question # 13

The asset market approach a more helpful in explaning.

Question # 14

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

Question # 15

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

Question # 16

the difference between actual and planned expenditure is equal to.

Question # 17

Saving means

Question # 18

An economy that has achieved full production has achieved

Question # 19

A_______ is an example of a quota where foreigners hold quota licenses.

Question # 20

The investment demand curve shifts right ward if

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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 Saving means
A. Part of income for investment
B. Income for boarding
C. Non consumption of income in the current period
D. None of the above
2 Why is the law of diminishing marginal returns ture.
A. Specialization and division of labor
B. Spreading the average fixed cost
C. Limited capital
D. All factors being variable in the long run
3 According the Keynes when the great depression started , the government should have.
A. Done nothing
B. Decreased the money supply
C. Had a large increase in government spending.
D. Enacted high tariffs, such as the smoot Hawley tariff
4 A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
5 If there is a prices celling, which of the following is NOT likely to occur.
A. Rationing by first come first served
B. Black markets
C. Gray markets
D. Sellers providing goods for free that were formerly not free
6 Which of the following is a stock variable.
A. Gross private domestic investment
B. Personal savings
C. Both a and b
D. None of these
7 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
8 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
9 An Engel curve is based on which one of the following assumptions.
A. Constant prices, very incomes
B. Constant price, constant income
C. Constant incomes, varying prices
D. None of these
10 In oligopoly market seller are.
A. Few
B. Four
C. Some
D. A large number

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