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

If a country has linear production possibilities frontier than production is said to be subject to.

Question # 2

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

Question # 3

Comparative advantage is determined by

Question # 4

Which of the following is a component of M1.

Question # 5

Disposable income is.

Question # 6

A tariff that probibits imports ahs only

Question # 7

In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers

Question # 8

Monopoly market is characteristics by

Question # 9

The larger the required reserve ratio the.

Question # 10

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 # 11

All economic model ae based on

Question # 12

Capitalism refers to

Question # 13

Which of the following IS a function of money.

Question # 14

The term of trade is given by the process.

Question # 15

Which of the following NOT a source of economic growth.

Question # 16

Since 1960 the rage of economic growth in the country has been

Question # 17

The overall Budget Deficit is financed from

Question # 18

If tastes are identical between countries than comparative advantage is determined by

Question # 19

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a

Question # 20

The overall Budget Deficit is financed from

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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 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
2 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
3 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
4 A market is in equilibrium when
A. Ac = P
B. MC = MR
C. AC =AR
D. TC =TR
5 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
6 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
7 Which of the following IS a function of money.
A. Medium of exchange
B. Store of value
C. Unit of accounting
D. All of the above
8 If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.
A. 2.0%
B. 3.65
C. 4.0%
D. 6.0%
9 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
10 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.

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