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 Most Frequently Asked Economics MCQS

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PPSC Economics Topic 10 Most Frequently Asked Economics MCQS

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Question # 1

"Treating an individual as typical of a group.

Question # 2

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

Question # 3

Guid up of foreign exchange reserves leads to.

Question # 4

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Question # 5

Public utilities tend to be

Question # 6

Personal inocme is obtained by adding which items to national income

Question # 7

A tariff can________ raise a country's welfare.

Question # 8

If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.

Question # 9

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

Question # 10

The overall Budget Deficit is financed from

Question # 11

Which of the following IS a function of money.

Question # 12

All economic model ae based on

Question # 13

Negative taxation refers to.

Question # 14

Which of the followings is NOT component of M-2

Question # 15

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 16

With no government and foreign trade sectors savings always equals.

Question # 17

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

Question # 18

The supply of foreign currency tends to be

Question # 19

The form of dumping that represents the greatest potential net welfare loss the for importing nation is.

Question # 20

Which of the following is automatic stabilizer.

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Economics
10th Chapter

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Sr.# Question Answer
1 If a small country imposes a tariff on an imported good its terms of trade will
A. Improve
B. Worsen
C. Not change
D. any of the above
2 Compared to the case of perfect competition.
A. Monopolist is more likely to
B. Charge a higher price
C. Produce a lower quantity of the product
D. All of the above
3 Of the following which one is a characteristic of monopolistic competition.
A. Standardized product
B. Comparatively easy only
C. Little non price competition
D. None of these
4 The relation ship between the exchange rate and the prices of tradable goods is known as the.
A. Purchasing power parity theory
B. Asset markets theory
C. Monetary theory
D. Balance of payments theory
5 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
6 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
7 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
8 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
9 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
10 If there is a prices celling, which of the following is NOT likely to occur.
A. Rationing by first come first served
B. Black markets
C. Gray markets
D. Sellers providing goods for free that were formerly not free

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