PPSC Economics Topic 10 Most Frequently Asked Economics MCQS

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PPSC Economics Chapter 10 Important MCQ's

Sr.#	Question	Answer
1	If a country an imposes an import tariff its welfare can improve if	A. The country is a small country's than a larger country. B. Its terms of trade improve enough C. The tariff enhances the welfare of its trading partners D. Its government's tax revenue increase because of the tariff
2	The overall Budget Deficit is financed from	A. External borrowing B. Non bank borrowing domestically C. Bank borrowing plus the above two at a and b D. None of the above
3	Unemployment Rate is a percentage relation with reference is.	A. Total population B. Civilian labour force C. Employed persons D. Unemployed persons
4	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
5	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
6	Which of the following IS a function of money.	A. Medium of exchange B. Store of value C. Unit of accounting D. All of the above
7	A_______ is an example of a quota where foreigners hold quota licenses.	A. Export quota B. Embargo C. Auction quota D. Tariff quota
8	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
9	Which of the following NOT a source of economic growth.	A. Investment in new capitals B. Labor productivity C. Investment in human capital D. Technology advances
10	In order to maximize profits a monopoly company will produce that quantity at which the	A. A marginal revenue equals average total cost B. Price equals marginal revenue C. Marginal revue equals marginal cost D. Total revenue equals total cost

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PPSC Economics Topic 10 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 10 Public Finance

PPSC Economics Topic 10 Public Finance

Guid up of foreign exchange reserves leads to.

Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.

If the coefficient of price elasticity is less than one

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

If the coefficient of income elasticity is negative.

The "balance trade" is a record of.

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

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

"Treating an individual as typical of a group.

The overall Budget Deficit is financed from

Which of the following NOT a source of economic growth.

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

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

The effect of the most favored nation clause is to

Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called

According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.

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

The central economic problem in an economy refers to.

Equilibrium price is a price at which

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

Prepare Complete Set Wise PPSC Economics Topic 10 Public Finance MCQs Online With Answers

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PPSC Economics Chapter 10 Test

Top Scorers Of PPSC Economics Topic 10 Public Finance MCQ`s Test

PPSC Economics Chapter 10 Important MCQ's

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