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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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	If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.	A. Private good B. Merit good C. Public good D. Abundant good
2	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
3	If two firms doing the same thing in the same industry join together this is known as a.	A. vertical merger B. Horizontal merger C. Conglomerate merger D. Hostile takeover
4	When real income increases, other things equal we fan expect the demand for real money holdings to.	A. Fall B. Not change C. Increase D. Decrease
5	In a free market	A. Government intervene B. Government plan production C. Government interfere D. Price adjust to reconcile scarcity and desires.
6	Economics assumes that people consume goods and services to achieve.	A. Status B. Prestige C. Utility D. Self esteem
7	The business cycle describes fluctuations in output around the.	A. Trend path of output B. Boom C. Recession D. Short run fluctuations in output
8	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
9	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
10	The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.	A. Sun spect theory B. Multiplier accelerator model C. Solow theory D. New classical theory

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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

If desired spending in the economy exceeds income we would expect.

If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Real GNP is a crude measure of national welfare because it excludes.

A production technique is technically efficient if.

In the UK under a _________ of the labour force belong to a trade union.

In the economy when a steel producer sells steel to car producer it is regarded as.

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.

A current account deficit means that a country may.

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.

The multiplier accelerator model assumes _______ depends on.

The multiplier is calculated as.

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Economics assumes that people consume goods and services to achieve.

Aggregate demand in an economy trading internationally with a government sector can be written s.

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

All of the following are benefits of the single market except.

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

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

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Set 6

Set 7

Set 8

Set 9

Set 10

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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The effect of a tax to offset a negative eternality will be to ____ price and quantity.