PPSC Economics Topic 11 Assess Your Basics MCQS

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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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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

Sr.#	Question	Answer
1	Firms are assumed to ____ costs and to _______ profit.	A. Incur , desire B. Pay ; make C. Change ;earn D. Minimize ; maximize
2	Economics is the study of	A. Production technology B. Consumption decisions C. How society decides what how and for whom to produce D. The best way to run society
3	A supply curve is directly affected by	A. Technology B. Input costs C. Government regulation D. All of the above
4	A competitive firm produces a level of output at which.	A. Price is greater than marginal cost B. Price equals marginal cost C. Price is less than marginal cost D. None of the above
5	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.
6	A profit maximizing firm will hire labor until _______ equal the	A. Marginal revenue, marginal cost B. Long run marginal revenue, long run marginal cost C. Labour output ratio, capital output ratio D. Marginal cost of labour, marginal revenue product
7	Monetarists believe that a reduction in _____ can be achieved by reducing.	A. Unemployment, prices B. Inflation, wages C. Unemployment, wages D. Inflation, the quantity of nominal money
8	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.
9	In linear consumption function with a positive slope less that on means that if income increase, consumption will.	A. Fall B. Not change C. Fluctuate D. Increase
10	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.

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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

In a competitive industry each buyer and seller.

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

Real GNP measures income

Potential output can be increased by _________ or by_________

The primary function of a bank is to.

If a country has a burden of debt it cannot sustain it can.

In the circular flow we would expect leakages to __________ injections.

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

the Maastricht criteria for entry to the EMU are that applicants should have

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

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

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

A competitive firm produces a level of output at which.

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

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

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

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

In the UK in recent years, union membership has ______ and days of work lost because of strikes has.

The total multiplier for the economy will reflect.

Firms are assumed to ____ costs and to _______ profit.

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Set 11

PPSC Economics Chapter 11 Test

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

Test Questions

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

Potential output can be increased by _ or by_

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

Firms are assumed to costs and to ___ profit.