Question # 1

A linear function of the form 6x2 - 2y + 8 = 0 is known as.

Choose an answer

Explicit function

implicit function

Quadratic function

All of the above

"Null set is proper subset of all the non nul sets" this statement is.

Choose an answer

Always true

sometimes true

Never true

True subject to some conditions

Import substitution is an example of.

Choose an answer

The principle of comparative advantage

The principle of absolute advantage

An outward looking growth strategy

An inward looking growth strategy

Art gallery argument give emphasis to aesthetic aspect of.

Choose an answer

Diversity

Nature

Life

None of these

Which exchange rate mechanism calls for frequent redefining of the par value by small amounts to remove payments disequilibrium.

Choose an answer

Dual exchange rates

Adjustable pegged exchange rates

Managed floating exchange rates

Crawling pegged exchange rates.

What is the effect of imposing a fixed per unit tax on a good on its equilibrium price and quantity.

Choose an answer

Price falls, quantity rises

Price rises, quantity falls

Both price and quantity fall

Both price and quantity rise

The main cause of different relative costs between countries are.

Choose an answer

Relative factors competition

Relative factor mobility

Relative factor substitution

Relative factor endowments

According the Hacksher-Ohlin model the source of comparative advantage is a country's

Choose an answer

Technology

Advertising

Factor endowments

both a and c

Interview guide leaves as a suggestive reference or prompter during.

Choose an answer

Interview

Field note

Diary

Interview schedule

Debit (-) items in the balance of payments correspond to anything that.

Choose an answer

Involve receipts from foreigners

Involves payments to foreigners

Increase the domestic money supply

Decrease the demand for foreign exchange

Equilibrium is defined as a situation in which.

Choose an answer

Neither buyers nor sellers want to change their behavior

No government regulations exist

Demand curves are perfectly horizontal

suppliers will supply and amount that buyers wish to buy

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets.

Choose an answer

Multilateral contracts

Production and export controls

Buffer stock arrangements

Tariff rate quotes

If in market the seller is changing different prices for the same commodity from different consumers it is known as.

Choose an answer

Price discrimination

efficient selling

Profit maxi miser in Monopoly

all of these

A reduction in the costs of production will

Choose an answer

Lead to a movement along the supply curve

Shift the demand curve

Shift the supply curve

Lead to an extension of supply

The IS curve shifts to the left when

Choose an answer

Taxes increase

Government spending increase

The money supply increases

All of the above occur

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.

Choose an answer

Reduction, increases

reduction,reduction

increase, reduction

increases, increases

If product an inferior good.

Choose an answer

Demand is inversely related to income

Demand is inversely related to price

Demand is directly related to price

Demand is inversely related to the price of substitutes

When considering any kind of economics indicator, prices are important because.

Choose an answer

They reflect the value of goods and services.

They are established by the government to control population 's needs

They categorize goods and services by their weight

Historically they have proved to the good predictors of futures unemployment.

The signed minor of the matrass A is called.

Choose an answer

Adjoin

Co factor

Minor

Rank

With a positive externality

Choose an answer

There is under consumption in the free market

There is over consumption in the free market

The government may tax to decrease production

Society could be made off if less was produced

The regression equation for consumption as a function of disposable income is C = -60 + 0.90Y .the standard error of Y is 30 and the standard error of estimate is 9.5 What is the 95% confidence interval for C when Y is Rs. 1000 billion.

Choose an answer

Rs.941 to Rs. 979

Rs.900 to Rs. 1,020

Rs.821 to Rs.859

Rs.780 to Rs.900

In 1960s following policy was adopted regarding development

Choose an answer

Port substitution

Agriculture development

Export promotion

All of these

If GNP = 1,000 billion and the money supply is 330 billion , then the velocity of money is.

Choose an answer

A value less than 1.4

3.33

1.48

3.03

In order to constitute an oligopolistic market structure.

Choose an answer

There must be a few firms in a given relevant market

There must be a few firms selling in a national market

There must be more than 20 firms selling in the international market

There must be fewer than 15 firm is any given market

The term that has no ecological perspective is.

Choose an answer

Growth orientation

Web of life

Relationships

Future generation

If government spending of Rs. 10 and a lump sum tax of Rs.10 is added, the empirical equation for the new IS curve becomes.

Choose an answer

Y = 285 + 20 I

Y = 270 - 10 i

Y = 285 - 50 i

Y = 210 - o.5 i

Economists use the term utility to mean

Choose an answer

The value of a product before it has been advertised

The satisfaction a consumer obtains from a good or service

any characteristic of a good or service which cannot be measured

The contribution a good or service makes to social welfare

According to Lincoln, I. Chao what is the primary objective of modern statics.

Choose an answer

Presentation of data

Collection of quantitative data

Assisting in making decisions

Summarization of data

If the columns of a given matrix A and B are changed into rows and vice versa, the matrix thus obtained is called the.

Choose an answer

Symmetric matrix

Transpose of a matrix

Singular matrix

Rank of matrix

The dynamic aggregate demand schedule shifts rightward when there is an increase in.

Choose an answer

The expected rate of inflation ceteris paribus

The growth rate of the nominal money supply ceteris paribus

The income tax rate ceteris paribus

the current inflation rate celeries paribus

Sample implies

Choose an answer

Survey representation of larger whole

Smaller representation of larger whole

Population representation of a larger whole

Census representation of a larger whole

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