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 theory of ___________ suggests that government can assist domestic competitors.

Question # 2

Livestock is

Question # 3

Monopoly market is characteristics by

Question # 4

The asset market approach a more helpful in explaning.

Question # 5

MRSxy being 6 means

Question # 6

A purely monetary explanation of the business cycle is proposed by

Question # 7

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

Question # 8

If there is a price floor there will be

Question # 9

Absolute advantage is determined by.,

Question # 10

Price controls are

Question # 11

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 # 12

When unintended investment is positive

Question # 13

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

Question # 14

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 # 15

The monetary base is composed of.

Question # 16

Similar to import tariffs, import quotas tend to result in.

Question # 17

Negative taxation refers to.

Question # 18

Which of the following organization primely provides long term loans to developing countries to help them develop the infrastructure such as schools hospitals and roads.

Question # 19

Which of the following products will have an elastic demand.

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 price elasticity is less than one
A. It is normal good
B. It is inferior good
C. It is luxury good
D. All of these
2 The% change in quantity demanded due to % change in incomes.
A. Price elasticity
B. Prices cross elasticity
C.
Income elasticity
D. All of these
3 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
4 According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________
A. rise ; rise
B. fall ; rise
C. rise ; fall
D. fall ; fall
5 There is positive relationship between multiplier and.
A. Marginal propensity to consume
B. Marginal propensity to save
C. Marginal efficiency of capital
D. all of these
6 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
7 The agricultural price support program is an example of.
A. A price celling
B. A price floor
C. Equilibrium pricing
D. None of these
8 Personal inocme is obtained by adding which items to national income
A. Govt. transfer payments
B. Business transfer payments
C. Both a and b
D. None of these
9 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
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.
A. Relatively greater than
B. Relatively less than
C. the same as
D. Any of the above

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