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	In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.	A. 3>2>1 B. 3 +2>1 C. 3<2<1 D. Any measure can be larger or smaller than any other
2	The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.	A. Reduce, reduce B. increase, increase C. Increase , reduce D. reduce, increase
3	By restricting labour supply a trade union can _________ and_______	A. Increase the wage, increase employment B. Maintain the wage, increase employment C. Increase the wage lower employment D. Maintain the wage, lower employment
4	Nominal GNP measures income	A. At the present time B. Corrected for tax changes C. Corrected for changes in interest rates D. At current prices
5	If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by	A. 20% B. 2% C. 12% D. 15%
6	Leakages from the circular flow are____ and _____	A. Investment savings, government expenditure B. Saving , taxes net of subsidies, imports C. Consumption, investment , government expenditure. D. Consumption, taxes, impports
7	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.	A. a nonlinear relationship B. A positive linear relationship C. A scatter diagram D. A negative linear relationship
8	In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.	A. A nominal exchange rate, floated B. A real exchange rate, pegged C. a purchasing power parity, pegged D. a real exchange rate, floated
9	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
10	A competitive equilibrium is Pareto efficient because.	A. Producers are price takers B. Consumers and producer's face the same prices C. Marginal costs and benefits are equal D. All of the above

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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

Top footballers land to earn more than lecturers because.

A fall in investment demand can result from

The equilibrium price clears the market it is the price at which.

Except for taxes to offset ___ taxes are.

Monetarists believe that a reduction in _____ can be achieved by reducing.

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

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.

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

The retail price index is used to.

Marginal revenue is the ________ when output is.

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

In the short run, the supply of capital is _______ and in the long run iwll depend on.

For given government spending and taxation the government budget deficit will grow in __________ and decline in _________

Economic growth may depend upon __________ and_________

Human capital can be described as.

A straight line diagram can be drawn knowing the _______ and _____

A firm that breaks even after all economic costs are paid is earning.

By restricting labour supply a trade union can _________ and_______

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

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

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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

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

For given government spending and taxation the government budget deficit will grow in __ and decline in _

Economic growth may depend upon __ and_

A straight line diagram can be drawn knowing the ___ and _

By restricting labour supply a trade union can ___ and_