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

Increases in minimum wage

Question # 2

A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.

Question # 3

An increasingly higher marginal income tax is

Question # 4

In oligopoly market seller are.

Question # 5

Equilibrium price is a price at which

Question # 6

There is positive relationship between multiplier and.

Question # 7

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

Question # 8

Most commonly referred indicator of inflation is

Question # 9

The term of trade is given by the process.

Question # 10

An important policy instrument to influence commercial banks is.

Question # 11

Monopoly market is characteristics by

Question # 12

Public utilities tend to be

Question # 13

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

Question # 14

International trade forces domestic firms to become more competitive in terms of.

Question # 15

The nominal interest rate is 5% and the inflation rate is 2% the real interest rate is.

Question # 16

Which of the following is automatic stabilizer.

Question # 17

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

Question # 18

Through the world government tend o auction quota license to their highest bidder.

Question # 19

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Question # 20

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

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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 Class Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 The largest trading partner of Pakistan is
A. Italy
B. US
C. USA
D. None of these
2 If there is a price floor there will be
A. Shortages
B. Surpluses
C. Equilibrium
D. None of these
3 Indirect taxes are
A. Direct taxes - subsidies
B. Subsidies
C. Sales taxes
D. Income taxes
4 With no government and foreign trade sectors savings always equals.
A. Intended investment
B. Realized investment
C. Botha a and b
D. None of these
5 The supply of foreign currency tends to be
A. upward sloping
B. down ward sloping
C. Vertical
D. any of the above
6 In pure competition.
A. Strong rivaled exist
B. Cartels are formed
C. Both a and b
D. None of thes
7 Disposable income is.
A. Income less taxes
B. Income less direct taxes
C. income less indirect taxes
D. All of these
8 If in market the seller is changing different prices for the same commodity from different consumers it is known as.
A. Price discrimination
B. efficient selling
C. Profit maxi miser in Monopoly
D. all of these
9 Non tariff trade barriers could include all of the following except
A. Domestic content laws
B. Government procurement policies.
C. Health , safety and environmental standards
D. Autidumpiing /countervailing duties applied to imports
10 A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a
A. Domestic subsidy
B. Export subsidy
C. Import quota
D. Export quota

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