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 largest trading partner of Pakistan is

Question # 2

Since 1960 the rage of economic growth in the country has been

Question # 3

In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers

Question # 4

If the coefficient of price elasticity is less than one

Question # 5

Import substitution is an example of.

Question # 6

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

Question # 7

The overall Budget Deficit is financed from

Question # 8

Which of the following products will have an elastic demand.

Question # 9

Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.

Question # 10

A market is in equilibrium when

Question # 11

A pure number by which change in investment is multiplied to change in income is called

Question # 12

Productivity can grow.

Question # 13

Which of the following is automatic stabilizer.

Question # 14

Which of the followings is NOT component of M-2

Question # 15

An indifference curve gives

Question # 16

Which of the following type of taxes is the most regressive.

Question # 17

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

Question # 18

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Question # 19

Expansion in money supply stems from.

Question # 20

An important policy instrument to influence commercial banks is.

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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 Negative taxation refers to.
A. Tax rebate
B. Subsidies
C. Tax evasion
D. Tax avoidance
2 Why is the law of diminishing marginal returns ture.
A. Specialization and division of labor
B. Spreading the average fixed cost
C. Limited capital
D. All factors being variable in the long run
3 A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
4 A pure number by which change in investment is multiplied to change in income is called
A. Multiplier
B. Accelerator
C. Stabilizer
D. All of these
5 Quotas are government imposed limits on the ________ of goods trade between countries.
A. Prices
B. Quantity
C. Revenue
D. Costs
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 An economy that has achieved full production has achieved
A. Both allocative and productive efficiency
B. Allocative but not productive efficiency
C. Productive but not allocative efficiency
D. Neither allocative nor productive efficiency
8 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
9 an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
A. Diminishing marginal utility
B. Diminishing marginal productivity
C. Diminishing marginal costs
D. Diminishing marginal profit
10 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

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