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

All economic model ae based on

Question # 2

Negative taxation refers to.

Question # 3

Non tariff trade barriers could include all of the following except

Question # 4

Direct investment and security purchase are classified as.

Question # 5

The locus of equilibrium of consumers due to changes in price of a commodity is known as.

Question # 6

Personal inocme is obtained by adding which items to national income

Question # 7

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 # 8

The effect of the most favored nation clause is to

Question # 9

The production function will be affected by changes in the prices of.

Question # 10

Which of the following products will have an elastic demand.

Question # 11

During the last eight years the per capita income in Pakistan has been

Question # 12

An Engel curve is based on which one of the following assumptions.

Question # 13

Which of the followings is NOT component of M-2

Question # 14

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.

Question # 15

Those who argue in favor of import protection generally give the impression that such restricted trade will

Question # 16

With no government and foreign trade sectors savings always equals.

Question # 17

Which of the following IS a function of money.

Question # 18

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

Question # 19

Devaluation leads to.

Question # 20

Price controls are

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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 Comparative advantage is determined by
A. Actual difference in labor productivity between countries.
B. Relative difference in labor productivity between countries.
C. both a and b
D. Neither a and b
2 The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping
3 A market is in equilibrium when
A. Ac = P
B. MC = MR
C. AC =AR
D. TC =TR
4 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these
5 The production function will be affected by changes in the prices of.
A. Inputs
B. Outputs
C. Neither
D. All of the above
6 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%
7 a nation with a current account deficit will be
A. Lending more money to other nations
B. Experiencing a surplus in exports of goods and services.
C. Reducing its indebtedness to other nations
D. Going further into debt with other nations
8 The earliest statement of the principle of comparative advantage is associated with.
A. Adam Smith
B. David Ricardo
C. Eli Heckshcer
D. Berti Ohlin
9 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
10 An economy that has achieved full production has achieved
A. Both allocative and productive efficiency
B. Allocative but not productive efficiency
C. Productive but not allocative efficiency
D. Neither allocative nor productive efficiency

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