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

A pure number by which change in investment is multiplied to change in income is called

Question # 2

Which of the following products will have an elastic demand.

Question # 3

In order of practice price discrimination which of the following is needed.

Question # 4

The productivity curve

Question # 5

If there is a price floor there will be

Question # 6

Which of the following would most likely shift the production possibilities curve for a nation outward.

Question # 7

International trade forces domestic firms to become more competitive in terms of.

Question # 8

Capitalism refers to

Question # 9

The asset market approach a more helpful in explaning.

Question # 10

National Income account of Pakistan have registered GDP & GNP as.

Question # 11

International trade during the 19th century was characterized by.

Question # 12

Public utilities tend to be

Question # 13

With no government and foreign trade sectors savings always equals.

Question # 14

The effect of the most favored nation clause is to

Question # 15

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

Question # 16

The overall Budget Deficit is financed from

Question # 17

During the 1980's empirical evidence indicates that.

Question # 18

A market is in equilibrium when

Question # 19

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Question # 20

If there is a price celling, there will be.

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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 Price controls are
A. Necessary for consumer's welfares
B. A must to check inflation
C. Doomed to fall
D. None of these
3 Guid up of foreign exchange reserves leads to.
A. Decrease in money supply
B. increase in money supply
C. contraction in money supply
D. None of the above
4 The productivity curve
A. Is given by the labor productively
B. Shows the change in real GDP per hour of labor as the amount of capital per hour labor changes
C. Shows the change in technology
D. Is given by the equation Y = F ( L,K, T)
5 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
6 A tax of 20 cents per unit of imported cheese would be an example of a
A. Compound tariff
B. Effective traiff
C. Ad valorem tariff
D. Specific tariff
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.
A. An increase in aggregate supply
B. A decrease in aggregate supply
C. A decrease in aggregate demand
D. An increase in aggregate demand
8 The largest trading partner of Pakistan is
A. Italy
B. US
C. USA
D. None of these
9 MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
10 In a "Lorenz curve diagram absolute equality in income distribution would appear as.
A. A curved line well bowed out from the diagonal
B. A curved line close to the diagonal
C. A right angled line
D. A diagonal line

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