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

A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.

Question # 2

Which of the following is a stock variable.

Question # 3

Which of the following products will have an elastic demand.

Question # 4

That the division of labor is limited by the size of the market best applies to which explanation of trade.

Question # 5

A tariff can________ raise a country's welfare.

Question # 6

If there is a prices celling, which of the following is NOT likely to occur.

Question # 7

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

Question # 8

A_______ is an example of a quota where foreigners hold quota licenses.

Question # 9

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

Question # 10

Saving means

Question # 11

Export led growth strategies tend to emphasize.

Question # 12

Disposable income is.

Question # 13

The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.

Question # 14

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

Question # 15

A market is in equilibrium when

Question # 16

MRSxy being 6 means

Question # 17

Health of a country's economy is indicated by

Question # 18

The central economic problem in an economy refers to.

Question # 19

_________ are quotas that lead to a complete abolishment of trade.

Question # 20

A tax 15 percent per imported item would be an example of a

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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 Class Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.
A. the marginal propensity to save
B. Minus the marginal propensity to save
C. The marginal propensity to consume
D. Minus the marginal propensity to consume
2 All economic model ae based on
A. Realistic assumptions
B. Assumptions which can never be perfectly realistic
C. Unrealistic assumptions
D. None of the above
3 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
4 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
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 The investment demand curve shifts right ward if
A. The real interest rate falls
B. Savers increase their thriftiness
C. The expected profit rate increases.
D. The economy moves into a recession
7 Monopoly market is characteristics by
A. A large number of sellers
B. Only one seller
C. Thousand of seller
D. All of these
8 Which of the following type of taxes is the most regressive.
A. Income taxes
B. Sales taxes
C. Excise taxes
D. None of these
9 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
10 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government

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