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

According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.

Question # 2

Monopoly market is characteristics by

Question # 3

Export led growth strategies tend to emphasize.

Question # 4

The impact and incidence of sales tax is

Question # 5

Health of a country's economy is indicated by

Question # 6

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 7

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

Question # 8

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

Question # 9

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.

Question # 10

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

Question # 11

The warfare effect of a quota depend to a considerable extent upon.

Question # 12

Disposable incomes is equal to.

Question # 13

Non tariff trade barriers could include all of the following except

Question # 14

If there is a price floor there will be

Question # 15

If there is a price celling, there will be.

Question # 16

Productivity can grow.

Question # 17

Equilibrium price is a price at which

Question # 18

Guid up of foreign exchange reserves leads to.

Question # 19

There is positive relationship between multiplier and.

Question # 20

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

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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 Indirect taxes are
A. Direct taxes - subsidies
B. Subsidies
C. Sales taxes
D. Income taxes
2 MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
3 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these
4 International trade is based on the idea that.
A. Exports should exceed imports
B. Imports a should exceed exports
C. Resources are more mobile internationally than are goods
D. Resources are less mobile internationally than are goods.
5 In the home country government grants a subsidy of a domestically produced good domestic producers tend to.
A. Capture the entire subsidy in the form of higher profits
B. Increase their level of production
C. Reduce wages paid to domestic workers
D. Consider the subsidy as an increase in production cost
6 Public utilities tend to be
A. Inefficient
B. Natural monopolies
C. subject to increasing costs
D. None of these
7 Most commonly referred indicator of inflation is
A. Wholesale price index
B. Retail price index
C. Consumer price index
D. Sensitivity price index
8 The largest trading partner of Pakistan is
A. Italy
B. US
C. USA
D. None of these
9 a nation with a current account deficit will be
A. Lending more money to other nations
B. Experiencing a surplus in exports of goods and services.
C. Reducing its indebtedness to other nations
D. Going further into debt with other nations
10 Price controls are
A. Necessary for consumer's welfares
B. A must to check inflation
C. Doomed to fall
D. None of these

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