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 supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.

Question # 2

All economic model ae based on

Question # 3

Which of the following NOT a source of economic growth.

Question # 4

The exogenous variable in the income equation C +!+G = y is

Question # 5

Absolute advantage is determined by.,

Question # 6

The type of business in which an individual has unlimited responsibility for the debts of the organization.

Question # 7

Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called

Question # 8

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

Question # 9

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Question # 10

Since 1960 the rage of economic growth in the country has been

Question # 11

Public utilities tend to be

Question # 12

Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.

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

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

Question # 15

With no government and foreign trade sectors savings always equals.

Question # 16

Which of the following is most likely to benefit a debtor.

Question # 17

In oligopoly market seller are.

Question # 18

The monetary base is composed of.

Question # 19

The earliest statement of the principle of comparative advantage is associated with.

Question # 20

The impact and incidence of sales tax is

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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 asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.
2 If an economy experience an increase in productivity it means that.
A. the level of output has risen
B. Employees are working harder than before
C. Output per unit of input has risen
D. Technical change has taken place
3 The investment demand curve shifts right ward if
A. The real interest rate falls
B. Savers increase their thriftiness
C. The expected profit rate increases.
D. The economy moves into a recession
4 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation
5 If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.
A. >1
B. <1
C. =1
D. =zero
6 The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.
A. Normal trade relation status.
B. Most favored nation status
C. Generalized system of Preferences.
D. Offshore assembly provisions
7 A decrease in lump sum taxes is an examples of.
A. Contractionary fiscal policy
B. Expansionary fiscal policy
C. A change in induced taxes
D. A and c
8 The monetary base is composed of.
A. Gold and silver
B. Currency and reserves
C. Currency only
D. Currency and checkable deposits
9 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
10 Which of the following is often considered to be inconsistent with the notion of perfect competition.
A. Large number of firms
B. Free entry
C. Complete mobility
D. None of these

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