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

An increasingly higher marginal income tax is

Question # 2

A pure number by which change in investment is multiplied to change in income is called

Question # 3

The "balance trade" is a record of.

Question # 4

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 5

Compared to the case of perfect competition.

Question # 6

If there is a price floor there will be

Question # 7

Which of the following products will have an elastic demand.

Question # 8

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 9

Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as

Question # 10

If the coefficient of income elasticity is negative.

Question # 11

The bowed shape of the production possibilities curve illustrates

Question # 12

In order of practice price discrimination which of the following is needed.

Question # 13

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 14

The law of demand states that

Question # 15

The supply of foreign currency tends to be

Question # 16

A decrease in lump sum taxes is an examples of.

Question # 17

In the classical model of Ricardo the direction of trade is delemined by.

Question # 18

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Question # 19

In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.

Question # 20

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

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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 In the balcne of payments, travel and tourism are included int he category of.
A. Unilateral transfers
B. Capital account
C. Merchandise account
D. Services account
2 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
3 The productivity curve
A. Is given by the labor productively
B. Shows the change in real GDP per hour of labor as the amount of capital per hour labor changes
C. Shows the change in technology
D. Is given by the equation Y = F ( L,K, T)
4 The relation ship between the exchange rate and the prices of tradable goods is known as the.
A. Purchasing power parity theory
B. Asset markets theory
C. Monetary theory
D. Balance of payments theory
5 The largest trading partner of Pakistan is
A. Italy
B. US
C. USA
D. None of these
6 Livestock is
A. An independent sector
B. Sub -sector of agriculture
C. Should be a part of Agriculture
D. Would become a part of Agriculture
7 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
8 An economy that has achieved full production has achieved
A. Both allocative and productive efficiency
B. Allocative but not productive efficiency
C. Productive but not allocative efficiency
D. Neither allocative nor productive efficiency
9 Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.
A. Theory of factor endowments
B. Theory of overlapping demands
C. Economies of scale theory
D. Product life cycle theory.
10 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

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