PPSC Economics Topic 11 MCQS Test Preparation

Have you decided to apply and appear for the PPSC test this year but are worried about your preparation? You are advised that do not to be worried at all. This is because here you can find the complete solution to your preparation. Here you can find the PPSC online tests. Once after attempting these tests you can take the complete idea that what types of questions the examiners can ask from you and how to attempt the paper under the given timeframe. You can get the PPSC online sample test consist of 20 MCQs that you can cover in 20 minutes.

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

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

  • Total Questions20

  • Time Allowed20

Start Test Download PDF

PPSC Economics Topic 11 Assess Your Basics

00:00
Question # 1

Short run average total costs are equal to the sum of _______ and______

Question # 2

Bank create money by

Question # 3

Extremality's arise because there is a divergence between ____ and _

Question # 4

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 5

If the government increase spending and raises taxes by just enough to finance the increase it will.

Question # 6

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 7

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

Question # 8

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

Question # 9

The participation rate in the labour force is affected by

Question # 10

In the EMU a country's competitiveness can change because of.

Question # 11

Within circular flow of income, an increase in domestic income iwll lend to increase.

Question # 12

If I keep some money available in case I see a bargain this is an example of.

Question # 13

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 14

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

Question # 15

In an open economy leakages to imports ______ the value of the multiplier.

Question # 16

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 17

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

Question # 18

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Question # 19

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 20

For perfect competition ot work there must be

Submit

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers


Topic Test

00:00
Submit
 
Economics
11th Chapter

PPSC Economics Chapter 11 Test

Here you can prepare PPSC Economics Chapter 11 (Assess Your Basics) Test. Click the button for 100% free full practice test.

Start Chapter 11 Test

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

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

PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 For a competitive firm its short run supply curve is ________ and its long run supply curve is.
A. SMC , LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC Below SAVC, LMC below LAC
2 Land will be allocated between competing uses so that.
A. Housing gets priority
B. Industry gets priority
C. Faming gets priority
D. The equilibrium rental rate equilibrium total demand with supply
3 Market failure may arise because of.
A. Imperfect competition
B. Taxation
C. Externalities
D. All of the above
4 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
5 An optimal tariff is one which reduces imports to the level at which ___ equals
A. imports , exports
B. The balance of trade, zero
C. The demand for currency, the supply of currency
D. Social marginal cost social marginal benefit
6 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
7 The opportunity cost of a good is.
A. The time lost in finding it
B. The quantity of other goods sacrificed to get another unit of that good
C. The expenditure on the good
D. The loss of interest in using savings
8 If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.
A. Appreciate
B. Depreciate
C. Revalue
D. be in short supply
9 One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.
A. rise, increases, increases
B. rise, falls, increases
C. rise, increases, falls
D. rise, falls, falls
10 In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters

Test Questions

Share your comments & questions here

Guest

  • No comments yet. Be the first to comment!