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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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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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	Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.	A. Keynesian polices B. Supply side policies C. Monetarist policies D. Classical policies
2	A straight line diagram can be drawn knowing the _______ and _____	A. Vertical axis and horizontal axis B. Intercept and slope C. Scale and slope D. Intercept and scale.
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	An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others	A. Worse off, worse off B. better off, better off C. better off, worse off D. equal , unequal
5	Real business cycle theories suggest that _____ to correct departures from the desired growth path.	A. There is a role of fiscal policy B. There is a role for monetary policy C. There is a role for supply side policies D. There is no case for stabilizing output over the business cycle.
6	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.
7	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
8	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
9	If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.	A. Lender of last resort B. Financial intermediation C. Open market operations D. Financial regulation.
10	Moral Hazard means that the act of insuring __________ that the desired outcome will occur.	A. Reduces the likelihood B. Increase the likelihood C. Guarantees D. None 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

All of the following are type of monetary policy except

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

A profit maximizing firm will hire labor until _______ equal the

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

All of the following are types of imperfect competition except

Market failure may arise because of.

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

In a free market

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

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

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

The single European Act committed_ governments to a ___ in 1992

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

The increase in total cost when one more units is produced is known as.

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Top footballers land to earn more than lecturers because.

A competitive equilibrium is Pareto efficient because.

A market can accuretaly be described as

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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

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

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

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