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

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

Question # 2

John Stuart Mill was the founder of the

Question # 3

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Question # 4

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 5

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

Question # 6

An important policy instrument to influence commercial banks is.

Question # 7

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

Question # 8

The larger the required reserve ratio the.

Question # 9

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

Question # 10

Which of the following organization primely provides long term loans to developing countries to help them develop the infrastructure such as schools hospitals and roads.

Question # 11

A tariff can________ raise a country's welfare.

Question # 12

In Balance of payments accounting tourism and travel are classified in the

Question # 13

The warfare effect of a quota depend to a considerable extent upon.

Question # 14

The overall Budget Deficit is financed from

Question # 15

Disposable income is.

Question # 16

In the balcne of payments, travel and tourism are included int he category of.

Question # 17

The overall Budget Deficit is financed from

Question # 18

Direct investment and security purchase are classified as.

Question # 19

A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.

Question # 20

Price controls are

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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 International trade during the 19th century was characterized by.
A. Extensive barriers to trade
B. Operation of the gold standard
C. A small volume of international trade
D. None of these
2 Indifference curves shows various combinations of.
A. One commodity
B. Two
C. Three
D. All of these
3 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
4 A tariff can________ raise a country's welfare.
A. Sometimes
B. Never
C. Always
D. None 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 The type of business in which an individual has unlimited responsibility for the debts of the organization.
A. Partnership
B. Corporation
C. Monopoly
D. None of these
7 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
8 A tax 15 percent per imported item would be an example of a
A. Ad valorem tariff
B. specific tariff
C. Effective tariff
D. Compound tariff
9 If a country an imposes an import tariff its welfare can improve if
A. The country is a small country's than a larger country.
B. Its terms of trade improve enough
C. The tariff enhances the welfare of its trading partners
D. Its government's tax revenue increase because of the tariff
10 Skills that cna be transferred to other employers are called.
A. General skills
B. Specific skills
C. Non pecuniary skills
D. All of the above

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