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

Saving means

Question # 2

Expansion in money supply stems from.

Question # 3

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

Question # 4

When unintended investment is positive

Question # 5

The fundamental economics problem faced by all societies is

Question # 6

Which of the following NOT a source of economic growth.

Question # 7

Which of the following is automatic stabilizer.

Question # 8

Saving means

Question # 9

The goal of a pure market economy is to best meet the desires of

Question # 10

With no government and foreign trade sectors savings always equals.

Question # 11

Skills that cna be transferred to other employers are called.

Question # 12

Increases in minimum wage

Question # 13

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 14

The overall Budget Deficit is financed from

Question # 15

Ad valorem tariffs are collected as

Question # 16

MRSxy being 6 means

Question # 17

the difference between actual and planned expenditure is equal to.

Question # 18

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

Question # 19

The larger the required reserve ratio the.

Question # 20

International trade forces domestic firms to become more competitive in terms 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 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
2 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
3 An indifference curve gives
A. the actual combination of goods that consumer chooses
B. the minimum choice of the consumer
C. the highest level of satisfaction
D. None of these
4 A tax 15 percent per imported item would be an example of a
A. Ad valorem tariff
B. specific tariff
C. Effective tariff
D. Compound tariff
5 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
6 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
7 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
8 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
9 Increases in minimum wage
A. Helps in controlling unemploymentr
B. Increases unemploymentr
C. Reduce wage bill
D. None of these
10 If in market the seller is changing different prices for the same commodity from different consumers it is known as.
A. Price discrimination
B. efficient selling
C. Profit maxi miser in Monopoly
D. all of these

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