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

Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as

Question # 2

The overall Budget Deficit is financed from

Question # 3

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

Question # 4

Which of the following IS a function of money.

Question # 5

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 6

If there is a price floor there will be

Question # 7

If in market the seller is changing different prices for the same commodity from different consumers it is known as.

Question # 8

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

Question # 9

Which of the following is automatic stabilizer.

Question # 10

Which of the following NOT a source of economic growth.

Question # 11

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

Question # 12

In autarky equilibrium.

Question # 13

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

Question # 14

Health of a country's economy is indicated by

Question # 15

The funds used for further investment in joint stock company refers to.

Question # 16

The larger the required reserve ratio the.

Question # 17

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

Question # 18

If the coefficient of income elasticity is negative.

Question # 19

Increases in minimum wage

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 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
2 In the classical model of Ricardo the direction of trade is delemined by.
A. Absolute advantage
B. Comparative advantage
C. Physical advantage
D. Which way the wind blows
3 The impact and incidence of sales tax is
A. On the consumer
B. On the seller
C. On the producer
D. None of these
4 In pure competition.
A. Strong rivaled exist
B. Cartels are formed
C. Both a and b
D. None of thes
5 An important policy instrument to influence commercial banks is.
A. Open market operations
B. Changing reserve ratios of commercial banks
C. Moral persuasion
D. None of the above
6 In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.
A. Self, self
B. Self, society's
C. Society's' , society's
D. society's, self
7 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
8 When unintended investment is positive
A. Output tends to rise
B. Output tends to fall
C. Output is in equilibrium
D. None of these
9 Which of the following would most likely shift the production possibilities curve for a nation outward.
A. A reduction in unemployment
B. An increases in the production of capital goods
C. A reduction in discrimination
D. An increase in the production of consumer goods
10 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

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