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

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	A market can accuretaly be described as	A. A place to buy things B. a place to sell things C. The process by which prices adjust to reconcile the allocation of resources D. a place where buyers and sellers meet.
2	Potential output can be increased by _________ or by_________	A. Increasing the use of labour, increasing the use of land B. Increasing the use of capital, increasing the use of labour C. Increasing the use of land, increasing the use of capital D. Increasing the use of all inputs technical advances
3	If a price increase of good A increases the quantity demanded of good B, then good B is a.	A. substitute good B. Complementary good C. Bargain D. Interior good
4	A rise in the real exchange rate will __ the competitiveness of the domestic economy.	A. Increase B. reduce C. do nothing do D. all of these
5	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
6	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.
7	In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.	A. 3>2>1 B. 3 +2>1 C. 3<2<1 D. Any measure can be larger or smaller than any other
8	International difference in opportunity costs lead to countries acquiring.	A. Comparative advantage B. High exchange rates C. Trade exchange rates D. Trade barriers
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	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

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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

By restricting labour supply a trade union can _________ and_______

import substitution is the replacement of ________ by domestic production under the protection of.

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

The real value can be derived from a nominal value by

A competitive equilibrium is Pareto efficient because.

The prisoners Dilemma Game demonstrates that.

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

In linear consumption function with a positive slope less that on means that if income increase, consumption will.

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

The opportunity cost of a student is.

All of the following are parts of the business cycle except.

Firms are assumed to ____ costs and to _______ profit.

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

When capital mobility is perfect, interest rate differentials will tend to be offset by

Fiscal policy is weak under floating exchange rates as fiscal expansion.

The price elasticity of demand measures

The imposition of a tariff causes consumption to _______ and imports to.

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.

Market some times fall to exist because of.

A firm that breaks even after all economic costs are paid is earning.

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

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Set 5

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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By restricting labour supply a trade union can ___ and_

Firms are assumed to costs and to ___ profit.