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

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

Question # 2

The fundamental economics problem faced by all societies is

Question # 3

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

Question # 4

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 5

If the autarky price of S were lower in country A than in country B, then if trade were allowed.

Question # 6

If a country has linear production possibilities frontier than production is said to be subject to.

Question # 7

The supply of foreign currency tends to be

Question # 8

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

Question # 9

The largest trading partner of Pakistan is

Question # 10

The monetary base is composed of.

Question # 11

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

Question # 12

Unemployment Rate is a percentage relation with reference is.

Question # 13

The exogenous variable in the income equation C +!+G = y is

Question # 14

Saving means

Question # 15

Comparative advantage is determined by

Question # 16

Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.

Question # 17

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

Question # 18

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

Question # 19

Ad valorem tariffs are collected as

Question # 20

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution 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 If the autarky price of S were lower in country A than in country B, then if trade were allowed.
A. A would likely exports s to B
B. A would likely import s from B
C. Neither country would want to trade
D. None of the above
2 Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.
A. Total revenue
B. Marginal physical product
C. Marginal revenues product
D. Marginal revenue.
3 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
4 Through the world government tend o auction quota license to their highest bidder.
A. Always
B. Often
C. Seldom
D. Never
5 The bowed shape of the production possibilities curve illustrates
A. The law of increasing marginal cost
B. the production is inefficient
C. the production in unattainable
D. The demand is relatively inelastic
6 A change in the full employment quantity of labor_________ the short run aggregate supply curve and ______ the long run aggregate supply curve.
A. shifts ; shifts
B. shifts ; does not shift
C. does not shift ; shift
D. does not shift ; does not shift
7 A market is in equilibrium when
A. Ac = P
B. MC = MR
C. AC =AR
D. TC =TR
8 Similar to import tariffs, import quotas tend to result in.
A. Higher prices and reduced imports
B. Increasesed government revenue
C. Increased consumer surplus
D. Decrease producer surplus
9 Export led growth strategies tend to emphasize.
A. Resource allocation based on the principle of absolute advantage.
B. Resource allocation based on the principle of comparative advantage.
C. Trade protection for exporting competing firms
D. Trade protection for import competing firms
10 The monetary base is composed of.
A. Gold and silver
B. Currency and reserves
C. Currency only
D. Currency and checkable deposits

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