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

Saving means

Question # 2

In 25 years Pakistan's Per capital income

Question # 3

Which of the following is automatic stabilizer.

Question # 4

Health of a country's economy is indicated by

Question # 5

Which of the following type of taxes is the most regressive.

Question # 6

Disposable incomes is equal to.

Question # 7

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 # 8

The monetary base is composed of.

Question # 9

If the autarky price of S were lower in country A than in country B, then if trade were allowed.

Question # 10

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

Question # 11

All economic model ae based on

Question # 12

Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.

Question # 13

Compared to the case of perfect competition.

Question # 14

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 # 15

In the circular flow diagram firms.

Question # 16

"Treating an individual as typical of a group.

Question # 17

The impact and incidence of sales tax is

Question # 18

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 19

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

Question # 20

During the 1980's empirical evidence indicates that.

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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 Disposable income is.
A. Income less taxes
B. Income less direct taxes
C. income less indirect taxes
D. All of these
2 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
3 Most commonly referred indicator of inflation is
A. Wholesale price index
B. Retail price index
C. Consumer price index
D. Sensitivity price index
4 A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a
A. Domestic subsidy
B. Export subsidy
C. Import quota
D. Export quota
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 locus of equilibrium of consumers due to changes in price of a commodity is known as.
A. Price consumption curve
B. Income consumption curve
C. Producing possibility curve
D. None of these
7 Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
A. Positive
B. Negative
C. Infinite
D. None of these
8 Personal inocme is obtained by adding which items to national income
A. Govt. transfer payments
B. Business transfer payments
C. Both a and b
D. None of these
9 Quotas are government imposed limits on the ________ of goods trade between countries.
A. Prices
B. Quantity
C. Revenue
D. Costs
10 The nominal interest rate is 5% and the inflation rate is 2% the real interest rate is.
A. 2%
B. 3%
C. 7%
D. 4%

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