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

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 # 2

A tariff can________ raise a country's welfare.

Question # 3

The investment demand curve shifts right ward if

Question # 4

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

Question # 5

The larger the required reserve ratio the.

Question # 6

In Balance of payments accounting tourism and travel are classified in the

Question # 7

Import substitution is an example of.

Question # 8

Export led growth strategies tend to emphasize.

Question # 9

Similar to import tariffs, import quotas tend to result in.

Question # 10

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

Question # 11

Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.

Question # 12

If there is a price floor there will be

Question # 13

Devaluation leads to.

Question # 14

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

Question # 15

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

Question # 16

Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.

Question # 17

The overall Budget Deficit is financed from

Question # 18

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

Question # 19

Which of the following is often considered to be inconsistent with the notion of perfect competition.

Question # 20

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

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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 That the division of labor is limited by the size of the market best applies to which explanation of trade.
A. Factor endowment theory
B. Product life cycle theory
C. Economies of scale theory
D. Overlapping demand theory
2 the difference between actual and planned expenditure is equal to.
A. X -M
B. M- X
C. Unplanned inventory change
D. Excess reserves of depository institutions.
3 Import substitution is an example of.
A. The principle of comparative advantage
B. The principle of absolute advantage
C. An outward looking growth strategy
D. An inward looking growth strategy
4 The warfare effect of a quota depend to a considerable extent upon.
A. Who has the quota license
B. The size of the quota
C. Elasticities of domestic demand and supply
D. All of the above
5 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
6 Ad valorem tariffs are collected as
A. Fixed amounts of money per unit traded
B. A percentage of the price of the product
C. A percentage of the quantity of imports
D. All of the above
7 Negative taxation refers to.
A. Tax rebate
B. Subsidies
C. Tax evasion
D. Tax avoidance
8 Which of the following NOT a source of economic growth.
A. Investment in new capitals
B. Labor productivity
C. Investment in human capital
D. Technology advances
9 If a country an imposes an import tariff its welfare can improve if
A. The country is a small country's than a larger country.
B. Its terms of trade improve enough
C. The tariff enhances the welfare of its trading partners
D. Its government's tax revenue increase because of the tariff
10 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation

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