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

Depreciation is.

Question # 2

International trade in goods and services is sometimes used as a substitute for all of the following except.

Question # 3

A market is in equilibrium when

Question # 4

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

Question # 5

Monopoly market is characteristics by

Question # 6

A tariff that probibits imports ahs only

Question # 7

Disposable income is.

Question # 8

Which of the following IS a function of money.

Question # 9

With no government and foreign trade sectors savings always equals.

Question # 10

The fundamental economics problem faced by all societies is

Question # 11

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

Question # 12

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

Question # 13

Import substitution is an example of.

Question # 14

The relation ship between the exchange rate and the prices of tradable goods is known as the.

Question # 15

A tax of 20 cents per unit of imported cheese would be an example of a

Question # 16

According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.

Question # 17

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Question # 18

If the Federal Reserve wishes to increase the money supply it should.

Question # 19

An Engel curve is based on which one of the following assumptions.

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 A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.
A. Constant
B. Inelastic
C. Elastic
D. Unitary elastic
2 an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
A. Diminishing marginal utility
B. Diminishing marginal productivity
C. Diminishing marginal costs
D. Diminishing marginal profit
3 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these
4 The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping
5 Which of the following is automatic stabilizer.
A. Unemployment benefits
B. Spending on education
C. Defense spending
D. Net interest
6 The term of trade is given by the process.
A. Paid for all goods exported by the home country
B. Received for all goods exported by the home country
C. Received for exports and paid for imports.
D. Of primary product as opposed to manufactured products.
7 Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.
A. Destabilizing
B. Stabilizing
C. Inflationary
D. Deflationary
8 The larger the required reserve ratio the.
A. Smaller is the deposit multiplier
B. Larger is the deposit multitier
C. Larger is the amount of total deposits that can created from a new deposit
D. Larger is the amount of total money that can be created from a withdrawal
9 During the 1980's empirical evidence indicates that.
A. Poverty re emerged in Pakistan
B. Good growth brought down poverty in Pakistan.
C. Poverty situation showed no change
D. None of the above
10 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

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