PPSC Economics Topic 11 Assess Your Basics MCQS

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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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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	Comparing a monopoly and a competitive firm the monopolist will.	A. Produce less at a lower price B. Produce more at a lower price C. Produce less at a higher price D. Produce less at a lower price
2	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.
3	At the intersection of AD and AS equilibrium is achieved in.	A. The goods market B. The money market C. The labour market D. All of the above
4	Aggregate demand in an economy trading internationally with a government sector can be written s.	A. AD = C+1 B. AD = C + 1+ G C. AD = C +1+G+X+Z D. AD+C+1+G+X-Z
5	A dominant strategy is.	A. A winning strategy B. A losing strategy C. A players best strategy when moving fist D. a player's best strategy whatever the strategies adopted by rivals
6	The cost of using capital services is the	A. wage rate of capital B. Interest charges C. Marginal capital cost D. Rental rate for capital
7	If a country has a burden of debt it cannot sustain it can.	A. Reschedule debt B. Get a loan from an international organization C. Default on the loan D. Any of the above
8	The long run Philips curve is _________ at the ______	A. Horizontal natural rate of inflation B. Horizontal , natural rate of unemployment C. Vertical , natural rte of inflation D. Vertical , equilibrium rate of unemployment.
9	Government may contribute to inflationary pressure on account of building up large.	A. Numbers of employees B. Welfare plans C. Budget deficits D. Expenditure.
10	If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.	A. An import subsidy B. A quota C. Comparative advantage D. An export subsidy

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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

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

If a price increase of good A increases the quantity demanded of good B, then good B is a.

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Economics assumes that people consume goods and services to achieve.

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

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

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

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.

A supply curve is directly affected by

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

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

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.

If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.

The participation rate in the labour force is affected by

The level of the equilibrium exchange rate offsets international difference in.

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

Nominal GNP measures income

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

The price elasticity of demand measures

Women and non whiles on average receive lower comes than white men because.

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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The quantity theory of money says that changes in lead to equivalent changes in but have no effect on.

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