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

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

Question # 2

Which of the following is a stock variable.

Question # 3

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

Question # 4

Of the following which one is a characteristic of monopolistic competition.

Question # 5

The central economic problem in an economy refers to.

Question # 6

The bowed shape of the production possibilities curve illustrates

Question # 7

Export led growth strategies tend to emphasize.

Question # 8

If the autarky price of S were lower in country A than in country B, then if trade were allowed.

Question # 9

Increases in minimum wage

Question # 10

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Question # 11

Equilibrium price is a price at which

Question # 12

If an economy experience an increase in productivity it means that.

Question # 13

Which of the following is often considered to be inconsistent with the notion of perfect competition.

Question # 14

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

Question # 15

Which of the following IS a function of money.

Question # 16

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

Question # 17

The overall Budget Deficit is financed from

Question # 18

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Question # 19

Which of the following organization primely provides long term loans to developing countries to help them develop the infrastructure such as schools hospitals and roads.

Question # 20

A change in the full employment quantity of labor_________ the short run aggregate supply curve and ______ the long run aggregate supply curve.

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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 The funds used for further investment in joint stock company refers to.
A. Distributed
B. Undistributed
C. Remaining
D. All of the above
2 In the home country government grants a subsidy of a domestically produced good domestic producers tend to.
A. Capture the entire subsidy in the form of higher profits
B. Increase their level of production
C. Reduce wages paid to domestic workers
D. Consider the subsidy as an increase in production cost
3 The type of business in which an individual has unlimited responsibility for the debts of the organization.
A. Partnership
B. Corporation
C. Monopoly
D. None of these
4 A change in the full employment quantity of labor_________ the short run aggregate supply curve and ______ the long run aggregate supply curve.
A. shifts ; shifts
B. shifts ; does not shift
C. does not shift ; shift
D. does not shift ; does not shift
5 Which of the following is a stock variable.
A. Gross private domestic investment
B. Personal savings
C. Both a and b
D. None of these
6 A tariff can________ raise a country's welfare.
A. Sometimes
B. Never
C. Always
D. None of these
7 John Stuart Mill was the founder of the
A. Theory of reciprocal demand
B. Theory of absolute advantage
C. Theory of comparative advantage
D. Theory of mercantilism
8 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.
A. Relatively greater than
B. Relatively less than
C. the same as
D. Any of the above
9 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
10 An indifference curve gives
A. the actual combination of goods that consumer chooses
B. the minimum choice of the consumer
C. the highest level of satisfaction
D. None of these

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