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 of the following is a stock variable.

Question # 2

The overall Budget Deficit is financed from

Question # 3

Livestock is

Question # 4

In order of practice price discrimination which of the following is needed.

Question # 5

Which of the following NOT a source of economic growth.

Question # 6

Export led growth strategies tend to emphasize.

Question # 7

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.

Question # 8

In autarky when a community maximizes its standard of living its production points is.

Question # 9

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

Question # 10

Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.

Question # 11

Which of the following is a component of M1.

Question # 12

Capitalism refers to

Question # 13

the difference between actual and planned expenditure is equal to.

Question # 14

The bowed shape of the production possibilities curve illustrates

Question # 15

If tastes are identical between countries than comparative advantage is determined by

Question # 16

The overall Budget Deficit is financed from

Question # 17

The supply of foreign currency tends to be

Question # 18

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

Question # 19

The fundamental economics problem faced by all societies is

Question # 20

Skills that cna be transferred to other employers are called.

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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 there is a prices celling, which of the following is NOT likely to occur.
A. Rationing by first come first served
B. Black markets
C. Gray markets
D. Sellers providing goods for free that were formerly not free
2 Ad valorem tariffs are collected as
A. Fixed amounts of money per unit traded
B. A percentage of the price of the product
C. A percentage of the quantity of imports
D. All of the above
3 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
4 The law of demand states that
A. As the quantity demanded rises, the price rises
B. As the price rustiest he quantity demined rises
C. As the price rises, the quantity demanded falls
D. As supply rise, the demand rises
5 International trade during the 19th century was characterized by.
A. Extensive barriers to trade
B. Operation of the gold standard
C. A small volume of international trade
D. None of these
6 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
7 The productivity curve
A. Is given by the labor productively
B. Shows the change in real GDP per hour of labor as the amount of capital per hour labor changes
C. Shows the change in technology
D. Is given by the equation Y = F ( L,K, T)
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% change in quantity demanded due to % change in incomes.
A. Price elasticity
B. Prices cross elasticity
C.
Income elasticity
D. All of these
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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