PPSC Economics Topic 11 MCQS Test Preparation

Have you decided to apply and appear for the PPSC test this year but are worried about your preparation? You are advised that do not to be worried at all. This is because here you can find the complete solution to your preparation. Here you can find the PPSC online tests. Once after attempting these tests you can take the complete idea that what types of questions the examiners can ask from you and how to attempt the paper under the given timeframe. You can get the PPSC online sample test consist of 20 MCQs that you can cover in 20 minutes.

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

Try The MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

  • Total Questions20

  • Time Allowed20

Start Test Download PDF

PPSC Economics Topic 11 Assess Your Basics

00:00
Question # 1

The prisoners Dilemma Game demonstrates that.

Question # 2

If two firms doing the same thing in the same industry join together this is known as a.

Question # 3

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.

Question # 4

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

Question # 5

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.

Question # 6

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

Question # 7

The single European Act committed_ governments to a ___ in 1992

Question # 8

Micro economics is conceded with

Question # 9

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 10

The main cause of different relative costs between countries are.

Question # 11

Real business cycle are cycles in

Question # 12

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Question # 13

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

Question # 14

The real value can be derived from a nominal value by

Question # 15

The multiplier tells us how much __________ chagnes after a shift in.

Question # 16

A fall in investment demand can result from

Question # 17

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.

Question # 18

Aggregate demand without a foreign sector is the sum of.

Question # 19

The multiplier accelerator model assumes _______ depends on.

Question # 20

In the classical model, potential output can not be increased by

Submit

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


Topic Test

00:00
Submit
 
Economics
11th Chapter

PPSC Economics Chapter 11 Test

Here you can prepare PPSC Economics Chapter 11 (Assess Your Basics) Test. Click the button for 100% free full practice test.

Start Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

  • T
    Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
  • A
    Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
  • R
    romana 28 - Jun - 2021 03 Min 45 Sec 13/20
  • A
    Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
  • S
    Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
  • M
    Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
  • A
    Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
  • M
    Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
  • H
    Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
  • A
    Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
  • A
    Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
  • H
    huma 30 - Jun - 2021 12 Min 23 Sec 8/20
  • S
    savera 03 - Jul - 2021 04 Min 58 Sec 6/20
  • A
    Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
  • A
    abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 The equilibrium price clears the market it is the price at which.
A. Everything is sold
B. Buyers spend all their money
C. Excess demand is zero
D. c and d
2 A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above
3 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
4 A monopoly may be self perpetuating because profits may be used for
A. research
B. Cost saving
C. Technical advance
D. All of the above
5 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
6 The increase in total cost when one more units is produced is known as.
A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost
7 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports
8 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
9 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above
10 We cannot say whether one allocation of resources is better than another allocation because.
A. some people cant count
B. Some people may not be permanent residents
C. Not all economic activity is legal
D. We cant make value judgements to compare different people welfare.

Test Questions