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

00:00
Question # 1

Disposable income is.

Question # 2

The locus of equilibrium of consumers due to changes in price of a commodity is known as.

Question # 3

Quotas are government imposed limits on the ________ of goods trade between countries.

Question # 4

Non tariff trade barriers could include all of the following except

Question # 5

Skills that cna be transferred to other employers are called.

Question # 6

Monopoly market is characteristics by

Question # 7

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

Question # 8

Personal inocme is obtained by adding which items to national income

Question # 9

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

Question # 10

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

Question # 11

In autarky equilibrium.

Question # 12

International trade during the 19th century was characterized by.

Question # 13

National Income account of Pakistan have registered GDP & GNP as.

Question # 14

the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .

Question # 15

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Question # 16

A firm's monopolistic position is strengthened by

Question # 17

If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.

Question # 18

a nation with a current account deficit will be

Question # 19

All economic model ae based on

Question # 20

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

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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 A demand curve shows the relation between the quantity demanded to a commodity over a given time and.
A. the testes of consumer
B. The money income of cosumer
C. The price of related commodities
D. The price of the commodity
2 Disposable incomes is equal to.
A. National income Minus taxes
B. Real GDP
C. National income Minus taxes
D. National income Minus Taxes plus transfers
3 Since 1960 the rage of economic growth in the country has been
A. On the decline continuously
B. Increasing continuously
C. increasing occasionally.
D. Static in real terms
4 A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
A. Factor prices
B. Technology
C. Both a and b
D. The price of the commodity
5 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
6 Which of the following products will have an elastic demand.
A. Flour
B. Cloth
C. Honda city
D. None of these
7 The earliest statement of the principle of comparative advantage is associated with.
A. Adam Smith
B. David Ricardo
C. Eli Heckshcer
D. Berti Ohlin
8 Which of the following is likely ot be longer for monetary policy that for fiscal policy.
A. The implementation lag
B. The recognition log
C. Both a and b
D. None of these
9 the difference between actual and planned expenditure is equal to.
A. X -M
B. M- X
C. Unplanned inventory change
D. Excess reserves of depository institutions.
10 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these

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