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 larger the required reserve ratio the.

Question # 2

MRSxy being 6 means

Question # 3

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

Question # 4

Why is the law of diminishing marginal returns ture.

Question # 5

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.

Question # 6

Absolute advantage is determined by.,

Question # 7

The agricultural price support program is an example of.

Question # 8

a nation with a current account deficit will be

Question # 9

The investment demand curve shifts right ward if

Question # 10

If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.

Question # 11

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

Question # 12

The theory of ___________ suggests that government can assist domestic competitors.

Question # 13

Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.

Question # 14

The bowed shape of the production possibilities curve illustrates

Question # 15

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Question # 16

Saving means

Question # 17

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

Question # 18

Health of a country's economy is indicated by

Question # 19

If a country an imposes an import tariff its welfare can improve if

Question # 20

Price controls are

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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 Chapter 10 Important MCQ's

Sr.# Question Answer
1 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
A. Domestic subsidy
B. Export subsidy
C. Import quota
D. Export quota
2 Which of the following products will have an elastic demand.
A. Flour
B. Cloth
C. Honda city
D. None of these
3 In the classical model of Ricardo the direction of trade is delemined by.
A. Absolute advantage
B. Comparative advantage
C. Physical advantage
D. Which way the wind blows
4 In the theory of the firm profit maximization is always synonymous with.
A. Profitability
B. Economic profit making
C. maximization of the sales revenue
D. None of these
5 In autarky when a community maximizes its standard of living its production points is.
A. Below the production possibility frontier
B. On the production possibility frontier
C. Above the production possibility frontier
D. Can't tell without more information.
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 Indifference curves shows various combinations of.
A. One commodity
B. Two
C. Three
D. All of these
8 Quotas are government imposed limits on the ________ of goods trade between countries.
A. Prices
B. Quantity
C. Revenue
D. Costs
9 Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.
A. Destabilizing
B. Stabilizing
C. Inflationary
D. Deflationary
10 Monopoly market is characteristics by
A. A large number of sellers
B. Only one seller
C. Thousand of seller
D. All of these

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