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 larger the required reserve ratio the.

Question # 2

Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..

Question # 3

If there is a prices celling, which of the following is NOT likely to occur.

Question # 4

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

Question # 5

Comparative advantage is determined by

Question # 6

If the coefficient of price elasticity is less than one

Question # 7

a nation with a current account deficit will be

Question # 8

Those who argue in favor of import protection generally give the impression that such restricted trade will

Question # 9

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

Question # 10

Which of the following is a stock variable.

Question # 11

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

Question # 12

Health of a country's economy is indicated by

Question # 13

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 # 14

The agricultural price support program is an example of.

Question # 15

Which of the following is most likely to benefit a debtor.

Question # 16

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 # 17

The overall Budget Deficit is financed from

Question # 18

If a country an imposes an import tariff its welfare can improve if

Question # 19

In the circular flow diagram firms.

Question # 20

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

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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 investment demand curve shifts right ward if
A. The real interest rate falls
B. Savers increase their thriftiness
C. The expected profit rate increases.
D. The economy moves into a recession
2 Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.
A. Multilateral contracts
B. Production and export controls
C. Buffer stock arrangements
D. Tariff rate quotes
3 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
4 Indifference curves shows various combinations of.
A. One commodity
B. Two
C. Three
D. All of these
5 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
6 The asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.
7 the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .
A. Tastes and preferences.
B. Expectations of future interest rate levels
C. Per capita income levels
D. Labor productivities.
8 The impact and incidence of sales tax is
A. On the consumer
B. On the seller
C. On the producer
D. None of these
9 The supply of foreign currency tends to be
A. upward sloping
B. down ward sloping
C. Vertical
D. any of the above
10 In pure competition.
A. Strong rivaled exist
B. Cartels are formed
C. Both a and b
D. None of thes

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