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

The central bank of a country plays a significant role in her macroeconomics performance by regulating the.

Question # 2

Which of the following products will have an elastic demand.

Question # 3

The term of trade is given by the process.

Question # 4

A purely monetary explanation of the business cycle is proposed by

Question # 5

Comparative advantage is determined by

Question # 6

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

Question # 7

Unemployment Rate is a percentage relation with reference is.

Question # 8

The supply of foreign currency tends to be

Question # 9

If in market the seller is changing different prices for the same commodity from different consumers it is known as.

Question # 10

Indirect taxes are

Question # 11

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 # 12

The agricultural price support program is an example of.

Question # 13

Import substitution is an example of.

Question # 14

International trade during the 19th century was characterized by.

Question # 15

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

Question # 16

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

Question # 17

Ad valorem tariffs are collected as

Question # 18

Depreciation is.

Question # 19

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.

Question # 20

the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .

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Economics
10th Chapter

PPSC Economics Chapter 10 Test

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PPSC Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 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
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 Since 1960 the rage of economic growth in the country has been
A. On the decline continuously
B. Increasing continuously
C. increasing occasionally.
D. Static in real terms
4 In order of practice price discrimination which of the following is needed.
A. Some degree of monopoly power
B. An ability to separate the market
C. An ability to prevent reselling
D. All of the above
5 Which of the following is often considered to be inconsistent with the notion of perfect competition.
A. Large number of firms
B. Free entry
C. Complete mobility
D. None of these
6 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
7 International trade is based on the idea that.
A. Exports should exceed imports
B. Imports a should exceed exports
C. Resources are more mobile internationally than are goods
D. Resources are less mobile internationally than are goods.
8 If a country has linear production possibilities frontier than production is said to be subject to.
A. constant opportunity costs
B. Decreasing opportunity costs
C. First increasing and the decreasing opportunity costs
D. Increasing opportunity costs.
9 Absolute 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
10 During the last eight years the per capita income in Pakistan has been
A. Increasing substantially because of decline in population growth
B. Decreasing
C. increasing only marginally
D. Constant

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