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

Equilibrium price is a price at which

Question # 2

In autarky equilibrium.

Question # 3

The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.

Question # 4

The supply of foreign currency tends to be

Question # 5

Health of a country's economy is indicated by

Question # 6

During the 1980's empirical evidence indicates that.

Question # 7

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 8

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 # 9

In autarky when a community maximizes its standard of living its production points is.

Question # 10

The agricultural price support program is an example of.

Question # 11

If the Federal Reserve wishes to increase the money supply it should.

Question # 12

A decrease in lump sum taxes is an examples of.

Question # 13

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

Question # 14

The impact and incidence of sales tax is

Question # 15

The fundamental economics problem faced by all societies is

Question # 16

Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.

Question # 17

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

Question # 18

Quotas are government imposed limits on the ________ of goods trade between countries.

Question # 19

Price controls are

Question # 20

An indifference curve gives

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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 A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
2 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
3 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.
4 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
5 In the classical model of Ricardo the direction of trade is delemined by.
A. Absolute advantage
B. Comparative advantage
C. Physical advantage
D. Which way the wind blows
6 If an economy experience an increase in productivity it means that.
A. the level of output has risen
B. Employees are working harder than before
C. Output per unit of input has risen
D. Technical change has taken place
7 The theory of ___________ suggests that government can assist domestic competitors.
A. International dumping
B. Countervailing duties
C. Strategic trade policy
D. Export promotion policy
8 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
9 Health of a country's economy is indicated by
A. Number of doctors per 1,000 population
B. Per capital income
C. Literacy rate
D. None of the above
10 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation

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