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

00:00
Question # 1

Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.

Question # 2

Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.

Question # 3

A straight line downward sloping demand curve implies that as price falls the elasticity of demand.

Question # 4

Non tariff trade barriers could include all of the following except

Question # 5

Increases in minimum wage

Question # 6

the difference between actual and planned expenditure is equal to.

Question # 7

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

Question # 8

If a country has linear production possibilities frontier than production is said to be subject to.

Question # 9

All economic model ae based on

Question # 10

The larger the required reserve ratio the.

Question # 11

Saving means

Question # 12

The central bank of a country plays a significant role in her macroeconomics performance by regulating the.

Question # 13

In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers

Question # 14

National Income account of Pakistan have registered GDP & GNP as.

Question # 15

If a country an imposes an import tariff its welfare can improve if

Question # 16

An indifference curve gives

Question # 17

The productivity curve

Question # 18

Why is the law of diminishing marginal returns ture.

Question # 19

The impact and incidence of sales tax is

Question # 20

Capitalism refers to

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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 Unemployment Rate is a percentage relation with reference is.
A. Total population
B. Civilian labour force
C. Employed persons
D. Unemployed persons
2 In the circular flow diagram firms.
A. Receive revenue and supply resources in the resource market
B. Incur costs and demand resources in the resource market.
C. Receive revenue and demand resources in the product market.
D. Incur costs and supply goods and services in the product market.
3 A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
A. Factor prices
B. Technology
C. Both a and b
D. The price of the commodity
4 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
5 A firm's monopolistic position is strengthened by
A. low elasticity of demand for its product
B. High elasticity of demand for its product
C. Constant elasticity of demand
D. None of the above
6 Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called
A. deferential actions
B. Cash transactions,
C. Arbitrage
D. Forward transactions
7 If the autarky price of S were lower in country A than in country B, then if trade were allowed.
A. A would likely exports s to B
B. A would likely import s from B
C. Neither country would want to trade
D. None of the above
8 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.
A. World Bank
B. International Monetary fund
C. Council on Foreign Relations
D. Organization of petroleum Exporting countries.
9 If there is a price floor there will be
A. Shortages
B. Surpluses
C. Equilibrium
D. None of these
10 The production function will be affected by changes in the prices of.
A. Inputs
B. Outputs
C. Neither
D. All of the above

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