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

PPSC Economics Topic 11 Assess Your Basics

00:00
Question # 1

A competitive firms demand curve is.

Question # 2

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Question # 3

In the short run the level of floating exchange rates is determined mainly by.

Question # 4

Macro economics is the study of.

Question # 5

A natural monopoly has a declining ________ over a large range of output.

Question # 6

By restricting labour supply a trade union can _________ and_______

Question # 7

a demand curve can shift because of changing.

Question # 8

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

Question # 9

Real GNP measures income

Question # 10

Economics assumes that people consume goods and services to achieve.

Question # 11

The value of an asset depends upon

Question # 12

All of the following represent obstacles to LDC development except.

Question # 13

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 14

The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.

Question # 15

Top footballers land to earn more than lecturers because.

Question # 16

If a long average cost rises, output rises from left to right this is an example of.

Question # 17

Short run average total costs are equal to the sum of _______ and______

Question # 18

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Question # 19

A competitive firm produces a level of output at which.

Question # 20

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

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


Topic Test

00:00
 
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.

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 Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and
A. Marginal costs, marginal benefits
B. Demand, supply
C. Marginal cost, marginal revenue
D. Marginal cost, average cost
2 The imposition of a tariff causes consumption to _______ and imports to.
A. rise , rise
B. fall , rise
C. fall , fall
D. rise , fall
3 Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
A. Externality
B. Market imperfection
C. Deadweight burden
D. Free rider
4 Injection into the circular flow are _________ and _______
A. Consumption, investment, exports
B. Investment exports, transfer payments
C. Investment government expenditure, exports.
D. Taxes, exports, transfer payments.
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.
A. Fall
B. Increases
C. Remain the same
D. Fluctuate
6 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.
A. Market imperfection
B. The law of diminishing returns
C. The paradox of thriff
D. Market failure
7 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
8 One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.
A. rise, increases, increases
B. rise, falls, increases
C. rise, increases, falls
D. rise, falls, falls
9 When the level of income _______ there will be atendency for the trade balance to improve as imports.
A. Increases, increase
B. falls, fall
C. Increase, fall
D. fall , increase
10 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem

Test Questions

Is this page helpful?