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 firms long run output decision will be where.

Question # 2

A monopoly may be self perpetuating because profits may be used for

Question # 3

The long run Philips curve is _________ at the ______

Question # 4

The allocation of resources is not efficient it

Question # 5

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 6

The extra utility from consuming one more unit of a good is called.

Question # 7

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

Question # 8

Bank create money by

Question # 9

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

Question # 10

If both Marginal cost and marginal revenue increase, a firm.

Question # 11

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 12

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.

Question # 13

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

Question # 14

The key issues of macroeconomics are

Question # 15

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Question # 16

Real GNP measures income

Question # 17

A competitive firm produces a level of output at which.

Question # 18

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

Question # 19

In a competitive industry each buyer and seller.

Question # 20

Marginal revenue is the ________ when output is.

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 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
2 A competitive firms demand curve is.
A. Horizontal
B. Vertical
C. Down ward sloping
D. Fairly elastic
3 The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.
A. Sun spect theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory
4 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
5 When capital mobility is perfect, interest rate differentials will tend to be offset by
A. Price differences.
B. Balance of payments differences.
C. Current account differences.
D. Expected exchange rate changes
6 Land will be allocated between competing uses so that.
A. Housing gets priority
B. Industry gets priority
C. Faming gets priority
D. The equilibrium rental rate equilibrium total demand with supply
7 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.
8 Perfect price discrimination means that every customer.
A. Buys the same amount
B. Pays the same price
C. Pays what she thinks the product is worth
D. Contributes the same revenue.
9 Marginal revenue is the ________ when output is.
A. Change in average revenue, inversed.
B. change in total revenue, increased by one unit
C. change in average revenue, increased by one unit
D. Change in total revenue, incresed.
10 Except for taxes to offset ___ taxes are.
A. Imperfect competition , popular
B. Extremality's, distortionary
C. Inequality, a first best option
D. Poor health, unnecessary

Test Questions

Share your comments & questions here

Guest

  • No comments yet. Be the first to comment!