PPSC Economics Topic 11 Assess Your Basics MCQS

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.	A. Behave like competitive firms B. Agree to act together C. Differentiate their products D. Practice price discrimination
2	An increase in consumer income will increase demand for a __________ for decrease demand for a.	A. Substitute good interior good B. Normal good, interior good C. Interior good, normal good. D. Normal good, complementary good.
3	The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.	A. increase ; decrease B. increase ; increase C. reduce ; increase D. reduce ; reduce
4	A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.	A. Reduction, increases B. reduction,reduction C. increase, reduction D. increases, increases
5	Extremality's arise because there is a divergence between ____ and _	A. Private costs, private benefits B. Private costs, social costs of benefits C. Social cost, social benefit D. Insiders, outsiders
6	If a country has a burden of debt it cannot sustain it can.	A. Reschedule debt B. Get a loan from an international organization C. Default on the loan D. Any of the above
7	The main cause of different relative costs between countries are.	A. Relative factors competition B. Relative factor mobility C. Relative factor substitution D. Relative factor endowments
8	the Maastricht criteria for entry to the EMU are that applicants should have	A. Low inflation B. Low interest rates C. Stable nominal exchange rate D. All of the above
9	The business cycle describes fluctuations in output around the.	A. Trend path of output B. Boom C. Recession D. Short run fluctuations in output
10	A dominant strategy is.	A. A winning strategy B. A losing strategy C. A players best strategy when moving fist D. a player's best strategy whatever the strategies adopted by rivals

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

By restricting labour supply a trade union can _________ and_______

a demand curve can shift because of changing.

Leakages from the circular flow are____ and _____

Perfect price discrimination means that every customer.

The equilibrium inflation rate is determine by the intersection of __________ and ___

Government may contribute to inflationary pressure on account of building up large.

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

If a long average cost rises, output rises from left to right this is an example of.

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

International specialization takes place because of.

The main cause of different relative costs between countries are.

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

The cost of using capital services is the

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

When the level of income _______ there will be atendency for the trade balance to improve as imports.

The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

Real GNP measures income

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Set 11

Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

Share your comments & questions here

By restricting labour supply a trade union can ___ and_

Leakages from the circular flow are and _

The equilibrium inflation rate is determine by the intersection of ________ and _

In a fixed exchange rate regime, the central bank will intervene by pounds to ____ the exchange rate.

The abolition of income tax would probably the number of workers in employment and____ the equilibrium. rate of unemployment.