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

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 2

Absolute advantage is determined by.,

Question # 3

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

Question # 4

A market is in equilibrium when

Question # 5

an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.

Question # 6

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 # 7

In the theory of the firm profit maximization is always synonymous with.

Question # 8

The monetary base is composed of.

Question # 9

Ad valorem tariffs are collected as

Question # 10

The term of trade is given by the process.

Question # 11

The supply of foreign currency tends to be

Question # 12

There is positive relationship between multiplier and.

Question # 13

If there is a price celling, there will be.

Question # 14

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

Question # 15

A tariff can________ raise a country's welfare.

Question # 16

The law of demand states that

Question # 17

With no government and foreign trade sectors savings always equals.

Question # 18

Public utilities tend to be

Question # 19

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 # 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 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
2 Saving means
A. Part of income for investment
B. Income for boarding
C. Non consumption of income in the current period
D. None of the above
3 In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers
A. I only
B. ii Only
C. both i and ii
D. Neither i nor ii
4 When unintended investment is positive
A. Output tends to rise
B. Output tends to fall
C. Output is in equilibrium
D. None of these
5 The nominal interest rate is 5% and the inflation rate is 2% the real interest rate is.
A. 2%
B. 3%
C. 7%
D. 4%
6 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
7 International trade in goods and services is sometimes used as a substitute for all of the following except.
A. International movements of capital
B. International movement of labor
C. International movement of technology
D. Domestics production of different goods and services
8 Absolute advantage is determined by.,
A. Actual difference in labor productivity between countries.
B. Relative difference in labor productivity between countries.
C. Both a and b
D. neither a and b
9 The productivity curve
A. Is given by the labor productively
B. Shows the change in real GDP per hour of labor as the amount of capital per hour labor changes
C. Shows the change in technology
D. Is given by the equation Y = F ( L,K, T)
10 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

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