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

Capitalism refers to

Question # 3

In Balance of payments accounting tourism and travel are classified in the

Question # 4

In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.

Question # 5

Monopoly market is characteristics by

Question # 6

A decrease in lump sum taxes is an examples of.

Question # 7

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

Question # 8

Guid up of foreign exchange reserves leads to.

Question # 9

The central bank of a country plays a significant role in her macroeconomics performance by regulating the.

Question # 10

The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.

Question # 11

If in market the seller is changing different prices for the same commodity from different consumers it is known as.

Question # 12

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

Question # 13

The supply of foreign currency tends to be

Question # 14

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

Question # 15

The form of dumping that represents the greatest potential net welfare loss the for importing nation is.

Question # 16

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

Question # 17

Why is the law of diminishing marginal returns ture.

Question # 18

According the Keynes when the great depression started , the government should have.

Question # 19

Saving means

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 Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.
A. Research and development subsidies
B. Loan guarantees
C. Low interest rate loans
D. All of the above
2 Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..
A. Classical growth theory
B. Neoclassical growth theory
C. New growth theory
D. Market failure
3 All economic model ae based on
A. Realistic assumptions
B. Assumptions which can never be perfectly realistic
C. Unrealistic assumptions
D. None of the above
4 An economy that has achieved full production has achieved
A. Both allocative and productive efficiency
B. Allocative but not productive efficiency
C. Productive but not allocative efficiency
D. Neither allocative nor productive efficiency
5 Of the following which one is a characteristic of monopolistic competition.
A. Standardized product
B. Comparatively easy only
C. Little non price competition
D. None of these
6 If there is a price celling, there will be.
A. Shortages
B. surpluses
C. Equilibrium
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 The theory of ___________ suggests that government can assist domestic competitors.
A. International dumping
B. Countervailing duties
C. Strategic trade policy
D. Export promotion policy
9 Direct investment and security purchase are classified as.
A. Capital account transactions
B. Current account transactions
C. Unilateral transfer transactions
D. Merchandise trade transactions
10 The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.
A. Relative price
B. Elasticity
C. J- Curve
D. Pass through

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