Question # 1

Head quarter of World Economic forum is situated in

Choose an answer

Devos

London

Geneva

New York

The long run foreign exchange rate between the U.S. and Japan is 200 Yen =Rs. 1 under a floating exchange rate Which of the following does 112 t occur if the Federal Reserve reduce the money supply in order to prevent the occurrence of inflation.

Choose an answer

Foreign capital flows to the U.S.

The U.S. dollar appreciates

Real net exports decline

American real GNP experience a slower rate of growth

Parameter in inferential statistics refers to

Choose an answer

Sample value

Data

Population value

Variable name

The quantity theory of money allows monetarists to obtain a number of economics predictions by assuming a constant.

Choose an answer

Velocity of money

Nominal output

Overall price level

Stock of money

Ordered Pairs of two sets are called.

Choose an answer

Elements

Function

Cartesian product

None of the above

To basic objective of sampling study is.

Choose an answer

To draw inference

To check units of population

To collect numerical data

To make census

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

Which of the following would cause the demand curve for an input to shift.

Choose an answer

A change in technology

A change in demand for the product being produced

An increase in the number of firms in the industry

All of the above

Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are.

Choose an answer

Market prices

Sticky prices

Fixed prices

Regulatory prices

The demand curve of unitary elastic commodity is.

Choose an answer

Rectangular hyperbola

Parabola

Straight line

None of these

Given the saving equation S = - 50 + 0, 20 Y, where s is saving and Y is income.

Choose an answer

The break even level of income is 240

Dissaving takes place if income is 300

Consumption expenditures and saving are equal at an income level of 500

The MPS is constant for all levels of income

Less demand in the economy may increase unemployment this may lead to less spending which may reduce demand further This is called.

Choose an answer

The upward accelerator

The downward multiplier

The upward PPF

The downward MPC

An increase in the quantity of money supplied shifts the money supply curve to the_______ and the equilibrium interest rate

Choose an answer

right ; falls

right ; rises

left ; falls

left ; rises

A dichotomous question can be answered in one of the

Choose an answer

three responses

Two responses

Multiple responses

free responses

If A and B are symmetric matrix, then AB- BA is.

Choose an answer

Symmetric

Skew symmetric matrix

Idempotent matrix

Orthogonal matrix

What does the phrases "there is no such thing as a free lunch'mean"

Choose an answer

Individuals must always pay money for the food the eat.

No restaurant wner will provide food to patrons unless they pay her

Restaurant owners act selfishly

Consumption of any good requires that other goods be given up

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

Choose an answer

Loss

Profit

Developing

None of these

If the price of automobiles were to increase substantially the demand curve for gasoline would most likely

Choose an answer

Shift leftward

Shift right ward

Become flatter

Become steeper

Which of the following would decrease aggregate demand.

Choose an answer

Increased consumption

Increasing export revenue

Increased taxation revenue

Increased investment

Second step in problem formulation is

Choose an answer

Statement of the problem

Understanding the nature of the problem

Survey

Discussions

Which of the following is a normative statement in economics.

Choose an answer

More spending by the government reduces poverty

Higher taxes lead to less desire to work

the UK Economy is growing fast relative to other European Union members

The Government should concentrate on reducing unemployment

The low productivity of capital in Pakistan is due to.

Choose an answer

Low income

Low saving

Limited capital market

All of these

The renowned economist and Islamic scholar who applied principles of politics economics was.

Choose an answer

Imam Abu Haneefa

ibn e Khaldun

Imam Abu Yousaf

Abu Qasim

Quota sampling is the combination of.

Choose an answer

Purposive and stratified sampling

Purposive and deliberate sampling

Purpose and systematic sampling

stratified and systematic sampling

A public good will

Choose an answer

Be underprovided in the free market

Be overprovided in the free market

Not be provided in the free market

Has no opportunity cost

The price of Ketchup at a market increases by 12.5% per can, which results in a decrease in quantity purchased by 40% per week, the demand is.

Choose an answer

Relatively elastic

Relatively inelastic

Perfectly elastic

Perfectly iinelastic

The product cycle theory of trade is essentially a

Choose an answer

Static short run trade theory

Dynamic, long run trade theory

Zero sum theory of trade

Negative sum theory of trade

Headquarter of the Planning commission of Pakistan is located in.

Choose an answer

Karachi

Lahore

Islamabad

None of these

The ethics, importance is given tobio sphere and the large eco system.

Choose an answer

Life centered animal

Ecological holism

Environmental

animal

A decrease in the effective tax rate on capital would cause the IS curve to.

Choose an answer

Shift up and to the right

shift down and to the left

Remain unchanged

Remain unchanged if taxes are fully deducible from income otherwise, shift up and to the right

In the EMU a country's competitiveness can change because of.

Choose an answer

Interest rate adjustment

Central bank intervention i the forex

Domestic wage and price adjustment

Devaluations

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