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 firm can fund an investment from its own sources, the opportunity cost of its investment is

Question # 2

During the 1980's empirical evidence indicates that.

Question # 3

MRSxy being 6 means

Question # 4

the difference between actual and planned expenditure is equal to.

Question # 5

A tariff that probibits imports ahs only

Question # 6

According the Keynes when the great depression started , the government should have.

Question # 7

An increasingly higher marginal income tax is

Question # 8

Why is the law of diminishing marginal returns ture.

Question # 9

A firm's monopolistic position is strengthened by

Question # 10

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

Question # 11

Non tariff trade barriers could include all of the following except

Question # 12

A tax of 20 cents per unit of imported cheese would be an example of a

Question # 13

The% change in quantity demanded due to % change in incomes.

Question # 14

The overall Budget Deficit is financed from

Question # 15

Expansion in money supply stems from.

Question # 16

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

Question # 17

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 18

Which of the following is automatic stabilizer.

Question # 19

The term of trade is given by the process.

Question # 20

Through the world government tend o auction quota license to their highest bidder.

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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 Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.
A. Decrease in the money supply
B. Increase in the money supply
C. Decrease in the money demand
D. any of the above
2 If the Federal Reserve wishes to increase the money supply it should.
A. Raise the reserve requirement
B. Raise the discount rate
C. Buy Treasury securities in the open market
D. All of the above
3 If the coefficient of income elasticity is negative.
A. Inferior good
B. Normal good
C. Luxury good
D. All of these
4 If there is a price celling, there will be.
A. Shortages
B. surpluses
C. Equilibrium
D. None of these
5 Health of a country's economy is indicated by
A. Number of doctors per 1,000 population
B. Per capital income
C. Literacy rate
D. None of the above
6 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
7 In autarky equilibrium.
A. Production equals consumption
B. Export equal inmprts
C. There is no trade
D. All of the above
8 Skills that cna be transferred to other employers are called.
A. General skills
B. Specific skills
C. Non pecuniary skills
D. All of the above
9 The impact and incidence of sales tax is
A. On the consumer
B. On the seller
C. On the producer
D. None of these
10 In oligopoly market seller are.
A. Few
B. Four
C. Some
D. A large number

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