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 agricultural price support program is an example of.

Question # 2

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

Question # 3

The impact and incidence of sales tax is

Question # 4

When unintended investment is positive

Question # 5

If tastes are identical between countries than comparative advantage is determined by

Question # 6

In order to maximize profits a monopoly company will produce that quantity at which the

Question # 7

The asset market approach a more helpful in explaning.

Question # 8

A tax of 20 cents per unit of imported cheese would be an example of a

Question # 9

If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.

Question # 10

An economy that has achieved full production has achieved

Question # 11

Which of the following products will have an elastic demand.

Question # 12

In the theory of the firm profit maximization is always synonymous with.

Question # 13

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

Question # 14

In pure competition.

Question # 15

an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.

Question # 16

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

Question # 17

The funds used for further investment in joint stock company refers to.

Question # 18

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 19

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.

Question # 20

MRSxy being 6 means

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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 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
2 If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.
A. >1
B. <1
C. =1
D. =zero
3 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
4 According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.
A. Abundant
B. Scarce
C. Neither
D. Can't tell without more information
5 An important policy instrument to influence commercial banks is.
A. Open market operations
B. Changing reserve ratios of commercial banks
C. Moral persuasion
D. None of the above
6 "Treating an individual as typical of a group.
A. Pure discrimination
B. statistical discrimination
C. Human capital
D. Specific skills
7 If tastes are identical between countries than comparative advantage is determined by
A. Supply conditions only
B. Demand conditions only
C. Supply and demand conditions
D. Can't tell without more information.
8 Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.
A. Research and development subsidies
B. Loan guarantees
C. Low interest rate loans
D. All of the above
9 That the division of labor is limited by the size of the market best applies to which explanation of trade.
A. Factor endowment theory
B. Product life cycle theory
C. Economies of scale theory
D. Overlapping demand theory
10 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

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