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

Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.

Question # 2

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

Question # 3

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 4

Health of a country's economy is indicated by

Question # 5

The warfare effect of a quota depend to a considerable extent upon.

Question # 6

The overall Budget Deficit is financed from

Question # 7

A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.

Question # 8

The bowed shape of the production possibilities curve illustrates

Question # 9

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

Question # 10

In the classical model of Ricardo the direction of trade is delemined by.

Question # 11

A stable equilibrium requires that the marginal propensity to consume is.

Question # 12

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Question # 13

In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.

Question # 14

The effect of the most favored nation clause is to

Question # 15

A firm can fund an investment from its own sources, the opportunity cost of its investment is

Question # 16

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

Question # 17

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

Question # 18

The asset market approach a more helpful in explaning.

Question # 19

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

Question # 20

The production function will be affected by changes in the prices of.

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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 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
2 In 25 years Pakistan's Per capital income
A. More than doubled
B. Less than doubled
C. Did not show more than 70% increase
D. None of the above
3 The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping
4 If the coefficient of price elasticity is less than one
A. It is normal good
B. It is inferior good
C. It is luxury good
D. All of these
5 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
6 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
7 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
8 A tax of 20 cents per unit of imported cheese would be an example of a
A. Compound tariff
B. Effective traiff
C. Ad valorem tariff
D. Specific tariff
9 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
10 There is positive relationship between multiplier and.
A. Marginal propensity to consume
B. Marginal propensity to save
C. Marginal efficiency of capital
D. all of these

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