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

The investment demand curve shifts right ward if

Question # 2

A_______ is an example of a quota where foreigners hold quota licenses.

Question # 3

With no government and foreign trade sectors savings always equals.

Question # 4

A tax 15 percent per imported item would be an example of a

Question # 5

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

Question # 6

Negative taxation refers to.

Question # 7

All economic model ae based on

Question # 8

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

Question # 9

Health of a country's economy is indicated by

Question # 10

Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as

Question # 11

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

Question # 12

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

Question # 13

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

Question # 14

In 25 years Pakistan's Per capital income

Question # 15

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

Question # 16

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

Question # 17

Which of the followings is NOT component of M-2

Question # 18

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

Question # 19

The term of trade is given by the process.

Question # 20

Saving means

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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 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
2 In the circular flow diagram firms.
A. Receive revenue and supply resources in the resource market
B. Incur costs and demand resources in the resource market.
C. Receive revenue and demand resources in the product market.
D. Incur costs and supply goods and services in the product market.
3 A pure number by which change in investment is multiplied to change in income is called
A. Multiplier
B. Accelerator
C. Stabilizer
D. All of these
4 The earliest statement of the principle of comparative advantage is associated with.
A. Adam Smith
B. David Ricardo
C. Eli Heckshcer
D. Berti Ohlin
5 According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than
A. Average total cost
B. Average variable cost
C. Average foxed cost
D. Marginal cost
6 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
7 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.
A. Relatively greater than
B. Relatively less than
C. the same as
D. Any of the above
8 Indirect taxes are
A. Direct taxes - subsidies
B. Subsidies
C. Sales taxes
D. Income taxes
9 Livestock is
A. An independent sector
B. Sub -sector of agriculture
C. Should be a part of Agriculture
D. Would become a part of Agriculture
10 A tariff that probibits imports ahs only
A. A revenue effect and redislnbution effect
B. Revenue effect and protection effect
C. Consumption effect and production effect
D. Redistribution effect and consumption effect

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