PPSC Economics Topic 11 Assess Your Basics MCQS

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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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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	The primary function of a bank is to.	A. Control the money supply B. Provide notes and coins for trade C. Make a profit D. Provide a chequeen clearing system.
2	Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.	A. Move into surplus B. Move into deficit C. Remain unchanged D. None of these
3	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.	A. Fall B. Increases C. Remain the same D. Fluctuate
4	In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators	A. Money supply targets B. Income policy C. Interest rates D. Inflation targets
5	The price elasticity of demand measures	A. The responsiveness of quantity demanded to a change in prie. B. How far a demand curve shifts C. A change in price D. A change in quantity demanded
6	If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely	A. Increase B. Not change C. Decrease D. Shift
7	Market some times fall to exist because of.	A. Externalities B. the free rider problem C. Poor transport D. a an b
8	A natural monopoly has a declining ________ over a large range of output.	A. Long run marginal cost B. Short run marginal cost C. Long run average cost D. Long run marginal cost
9	If desired spending in the economy exceeds income we would expect.	A. House hold to save more B. Firm to produce less C. Firms is produce more D. the MPC to change
10	The opportunity cost of a student is.	A. Course fees and rent B. A loan from the bank C. What the student could have earned in the best job available by not studying. D. What the student will earn after graduation.

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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

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

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

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

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

We cannot say whether one allocation of resources is better than another allocation because.

Injection into the circular flow are _________ and _______

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Marginal revenue is the ________ when output is.

The impossibility of negative gross investment provides a______ to fluctuations in.

The allocation of resources is not efficient it

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

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

The prisoners Dilemma Game demonstrates that.

The AD schedule indicates that______ inflation is associated with______ output.

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

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

If banks and the private sector decide to hold less cash the money multiplier will be.

We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.

Market some times fall to exist because of.

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

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

Injection into the circular flow are ___ and _

The AD schedule indicates that inflation is associated with output.