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 law of demand states that

Question # 2

Livestock is

Question # 3

If the coefficient of price elasticity is less than one

Question # 4

The overall Budget Deficit is financed from

Question # 5

Devaluation leads to.

Question # 6

The overall Budget Deficit is financed from

Question # 7

Ad valorem tariffs are collected as

Question # 8

John Stuart Mill was the founder of the

Question # 9

The larger the required reserve ratio the.

Question # 10

Productivity can grow.

Question # 11

An indifference curve gives

Question # 12

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

Question # 13

In order of practice price discrimination which of the following is needed.

Question # 14

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Question # 15

Health of a country's economy is indicated by

Question # 16

Direct investment and security purchase are classified as.

Question # 17

Which of the following type of taxes is the most regressive.

Question # 18

The bowed shape of the production possibilities curve illustrates

Question # 19

Negative taxation refers to.

Question # 20

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

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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 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%
2 The production function will be affected by changes in the prices of.
A. Inputs
B. Outputs
C. Neither
D. All of the above
3 Which of the following is likely ot be longer for monetary policy that for fiscal policy.
A. The implementation lag
B. The recognition log
C. Both a and b
D. None of these
4 The largest trading partner of Pakistan is
A. Italy
B. US
C. USA
D. None of these
5 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.
6 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
7 The term of trade is given by the process.
A. Paid for all goods exported by the home country
B. Received for all goods exported by the home country
C. Received for exports and paid for imports.
D. Of primary product as opposed to manufactured products.
8 A tariff can________ raise a country's welfare.
A. Sometimes
B. Never
C. Always
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 Import substitution is an example of.
A. The principle of comparative advantage
B. The principle of absolute advantage
C. An outward looking growth strategy
D. An inward looking growth strategy

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