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

In the circular flow diagram firms.

Question # 2

The overall Budget Deficit is financed from

Question # 3

Indirect taxes are

Question # 4

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

Question # 5

A tariff that probibits imports ahs only

Question # 6

International trade during the 19th century was characterized by.

Question # 7

If there is a price floor there will be

Question # 8

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

Question # 9

An indifference curve gives

Question # 10

Saving means

Question # 11

If there is a price celling, there will be.

Question # 12

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

Question # 13

The fundamental economics problem faced by all societies is

Question # 14

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

Question # 15

The overall Budget Deficit is financed from

Question # 16

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

Question # 17

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Question # 18

Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.

Question # 19

According the Keynes when the great depression started , the government should have.

Question # 20

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

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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 Capitalism refers to
A. the use of markets
B. Government ownership fo capital goods
C. Private ownership of capital goods
D. Private ownership of homes and cars
2 Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.
A. Increase, Increases.
B. Increases ; decreases
C. decreases ; increases
D. decreases ; decreases
3 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation
4 The central bank of a country plays a significant role in her macroeconomics performance by regulating the.
A. Money supply
B. Supply credit
C. Interest rate
D. All of these
5 A decrease in lump sum taxes is an examples of.
A. Contractionary fiscal policy
B. Expansionary fiscal policy
C. A change in induced taxes
D. A and c
6 Equilibrium price is a price at which
A. Quantity demanded is equal to quantity suppled
B. Quantity demanded minus quantity supplied is zero
C. quantity demanded = quantity supplied
D. All of these
7 International trade during the 19th century was characterized by.
A. Extensive barriers to trade
B. Operation of the gold standard
C. A small volume of international trade
D. None of these
8 Those who argue in favor of import protection generally give the impression that such restricted trade will
A. Decrease the level of national security
B. Provide benefits to some particular industry
C. Provides benefits to the entire nation
D. Not yield welfare losses for the nation
9 A_______ is an example of a quota where foreigners hold quota licenses.
A. Export quota
B. Embargo
C. Auction quota
D. Tariff quota
10 Expansion in money supply stems from.
A. Increasing the cost of bank credit
B. Reducing availability of bank credit
C. Reducing the financial cost of bank credit
D. None of above

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