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 overall Budget Deficit is financed from

Question # 2

The exogenous variable in the income equation C +!+G = y is

Question # 3

International trade forces domestic firms to become more competitive in terms of.

Question # 4

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

Question # 5

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 # 6

Expansion in money supply stems from.

Question # 7

A straight line downward sloping demand curve implies that as price falls the elasticity of demand.

Question # 8

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

Question # 9

In 25 years Pakistan's Per capital income

Question # 10

Which of the followings is NOT component of M-2

Question # 11

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

Question # 12

If an economy experience an increase in productivity it means that.

Question # 13

Most commonly referred indicator of inflation is

Question # 14

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

Question # 15

The agricultural price support program is an example of.

Question # 16

The asset market approach a more helpful in explaning.

Question # 17

The theory of ___________ suggests that government can assist domestic competitors.

Question # 18

Negative taxation refers to.

Question # 19

A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.

Question # 20

If the coefficient of price elasticity is less than one

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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 the coefficient of income elasticity is negative.
A. Inferior good
B. Normal good
C. Luxury good
D. All of these
2 A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
3 In oligopoly market seller are.
A. Few
B. Four
C. Some
D. A large number
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 In 25 years Pakistan's Per capital income
A. More than doubled
B. Less than doubled
C. Did not show more than 70% increase
D. None of the above
6 National Income account of Pakistan have registered GDP & GNP as.
A. GDP = GNP

B. GDP < GNP
C. GDP > GNP
D. GDP / GNP
7 Which of the following would most likely shift the production possibilities curve for a nation outward.
A. A reduction in unemployment
B. An increases in the production of capital goods
C. A reduction in discrimination
D. An increase in the production of consumer goods
8 Direct investment and security purchase are classified as.
A. Capital account transactions
B. Current account transactions
C. Unilateral transfer transactions
D. Merchandise trade transactions
9 If the autarky price of S were lower in country A than in country B, then if trade were allowed.
A. A would likely exports s to B
B. A would likely import s from B
C. Neither country would want to trade
D. None of the above
10 The overall Budget Deficit is financed from
A. External borrowing
B. Non bank borrowing domestically
C. Bank borrowing plus the above two at a and b
D. None of the above

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