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

Unemployment Rate is a percentage relation with reference is.

Question # 2

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

Question # 3

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

Question # 4

A change in the full employment quantity of labor_________ the short run aggregate supply curve and ______ the long run aggregate supply curve.

Question # 5

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 # 6

A tariff can________ raise a country's welfare.

Question # 7

The overall Budget Deficit is financed from

Question # 8

The monetary base is composed of.

Question # 9

The overall Budget Deficit is financed from

Question # 10

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

Question # 11

Skills that cna be transferred to other employers are called.

Question # 12

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

Question # 13

If the coefficient of income elasticity is negative.

Question # 14

A decrease in lump sum taxes is an examples of.

Question # 15

Compared to the case of perfect competition.

Question # 16

Most commonly referred indicator of inflation is

Question # 17

A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.

Question # 18

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

Question # 19

Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..

Question # 20

The effect of the most favored nation clause is 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 The central economic problem in an economy refers to.
A. The prevalence of unemployment
B. To allocate scarce resources between competing uses.
C. Consumers having less money than they would like
D. ensure that production costs are converted by sales revenue.
2 an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
A. Diminishing marginal utility
B. Diminishing marginal productivity
C. Diminishing marginal costs
D. Diminishing marginal profit
3 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%
4 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
5 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
6 _________ are quotas that lead to a complete abolishment of trade.
A. Embargoes
B. Voluntary export restraints
C. Nontariff beamers
D. Orderly marketing agreements
7 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
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 The overall Budget Deficit is financed from
A. External borrowing
B. Non bank borrowing domestically
C. Bank borrowing plus the above two at a and b
D. None of the above
10 All economic model ae based on
A. Realistic assumptions
B. Assumptions which can never be perfectly realistic
C. Unrealistic assumptions
D. None of the above

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