Question # 1

In developed countries tariffs on raw materials tend to be.

Choose an answer

Highest of all

Higher than on manufactured goods

Equal to tariffs on manufactured goods

Lower than on manufactured goods

Human wants are

Choose an answer

Always fixed

Limited

Unlimited

Likely to decrease over time

In 1950's special imporant was given to

Choose an answer

Industrial sector

Services sector

Imports sector

Agricultural sector

The government performs its redistribution function mainly through.

Choose an answer

Trade practice legislation against anticipative behavior

The provision of public goods

Taxes and transfer payments

Tariffs on imports

Which of the following is necessary for a natural monopoly.

Choose an answer

Economies of scale

A high proportion of the total cost is the cost of capital goods

The market is very small

All of the above

It is quantity that expresses a quantity in numbers to allow in numbers to allow more praise measurement.

Choose an answer

Variable

Concept

Attribute

Definition

In the period of Zia ul Haq the nationalized enterprises went on.

Choose an answer

Loss

Profit

Developing

None of these

If the government increase spending and raises taxes by just enough to finance the increase it will.

Choose an answer

Leave output unchagned

Increase output

Reduce output

Increase the MPC

Under a fixed exchange rate system an expansionary fiscal policy leads to a

Choose an answer

Trade account deficit and a capital account surplus.

Trade account deficit and a capital account deficit

Trade account surplus and a capital account surplus

Trade account surplus and a capital accoundt deficit

Which characteristic of the following is not belonging to statistics as a method.

Choose an answer

A tool of analysis

Helps processing the raw

Descriptive nature

Processing done by systematic analysis and interpretation

The Laffer curve depicts

Choose an answer

A trade off between tax rates and government receipts

Price levels and real income

government deficits and unemployment

Tax rates and infixation

When the quantity demanded is changed on the same price

Choose an answer

the demand curve shifts upward

The demand curve shifts downward

Movement on the same demand curve

None of these

The asset market approach is most helpful in explaining.

Choose an answer

Why exchange rate remain quite stable

Why government change their money supplies

Long term exchange rate movements

Short term exchange rate movements

If the price of both goods increase by the same percent , the budget line will.

Choose an answer

shift parallel to the left

Shift parallel to the right

Pivot about the x axis

Pivot about the Y axis

When the population is badly affected, which type of sampling is appropriate.

Choose an answer

Systematic sampling

Stratified sampling

Cluster sampling

None of the above

In monopolistic competition if firms are making abnormal profit other firms will enter and

Choose an answer

The marginal cost will shift outwards

the demand curve will shift inwards

The average cost will shift downwards

The average variable cost will increase

A pure number by which change in investment is multiplied to change in income is called

Choose an answer

Multiplier

Accelerator

Stabilizer

All of these

If A is preferred to B and B is preferred to C and there is indifference between A and D

Choose an answer

D is preferred to C

B is preferred to D

There is indifference between C and D

There is indifference between B and D

How much is contributed by agriculture sector to GDP of the country.

Choose an answer

18.5%

21.8%

26.5%

34.5%

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

Choose an answer

Reschedule debt

Get a loan from an international organization

Default on the loan

Any of the above

According to the cost based definition of dumping occurs when a firm sells a product abroad at a price that is less than

Choose an answer

Average total cost

Average variable cost

Average fixed cost

Marginal cost

A primary reason why nations conduct international trade is because.

Choose an answer

some nations prefer to produce one thing while others produce another.

Resources are not equally distributed to all trading nations

Trade enhances opportunities to accumulate profits

Interest rates are not identical in all trading nations

What happens to the money supply if the deficit is financed by selling bonds to the central bank.

Choose an answer

The money supply increases

The money supply decreases

The money supply is unaffected

We cannot tell what will happen to the money supply

If import licenses are auctioned off to domestic importers in a competitive market their scarcity value accurse to.

Choose an answer

Foreign corporations

Foreign workers

Domestic corporations

The domestic government

Leakages from the circular flow are____ and _____

Choose an answer

Investment savings, government expenditure

Saving , taxes net of subsidies, imports

Consumption, investment , government expenditure.

Consumption, taxes, impports

Net National product equals.

Choose an answer

Gross national product minus indirect business taxes

Gross national product minus depreciation

National income minus indirect business taxes

National income pluses depreciation

State Bank of Pakistan was established in

Choose an answer

July 1st 1948

July 1st 1952

July 1st 1953

July 1st 1947

A movement along the demand curve may be caused by

Choose an answer

A change in income

A change en the number of buyers

A change in advertising

A shift in supply

A drop in the price of compact disc shifts the demand curve for prerecord tapes leftward from that you know that compact discs and precorded tapes are.

Choose an answer

Inferior goods

Substitutes

Complements

Normal goods

an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.

Choose an answer

Diminishing marginal utility

Diminishing marginal productivity

Diminishing marginal costs

Diminishing marginal profit

Which of the following is most likely to benefit a debtor.

Choose an answer

Un anticipated deflation

Anticipated deflation

Unanticipated inflation

anticipated inflation

More Classes

Other Links

PPSC Economics Full Book MCQ Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer