Question # 1

The question "What is living? is important in

Choose an answer

Eco centered ethics

Animal centered ethics

Life centered ethics

Human centered ethics

Short run contractionary Fiscal policy would result in.

Choose an answer

Aggregate demand moving to the right

Aggregate supply moving to the right

Aggregate demand moving to the left

Aggregate supply moving to the left

In the mid 1960's agricultural scientists developed high yielding varieties of.

Choose an answer

Rice and Wheat

Rice and Cotton

Coffee, rubber

None of these

In which of the following situations will an increase in the money supply have no effect upon equilibrium income.

Choose an answer

LM is steeply sloped and IS is relatively flat

LM is vertical and IS si steeply sloped

LM is steeply sloped and IS is vertical

LM is relatively flat as is IS

If there is a price celling, there will be.

Choose an answer

Shortages

surpluses

Equilibrium

None of these

A demand curve shows that relation between price and demand.

Choose an answer

Positive

Negative

Zero

Very strong

Social science Research

Choose an answer

Explain Problem

diagnosis problem

Recommend problems

Formulate probelms

A shift in supply will have a bigger effect on price than output if demand is.

Choose an answer

Income elastic

Income inelastic

Price elastic

Price inelastic

The extent of variability is measured by

Choose an answer

Central tendency

Measures of dispersion

Arithmetic mean

Co relation

When plotted with the aggregate price level on the vertical axis and output on the horizontal axis which of the following curves is vertical.

Choose an answer

SRAS

AD

LRAS

None of the above

The conjecture that inequality first increases with development then decreases with further development has been

Choose an answer

Strongly supported by most studies

Supported mainly by cross section not time series studies.

Supported mainly by time sereis not cross section studies

Generally repudiated by empirical studies.

The IS curve shows the combinations of output and the real interest rate for which.

Choose an answer

The goods market is in equilibrium

The labor market is in equilibrium.

The financial assets market is in equilibrium

An increase in output will cause the market clearing interest rate to be bid up.

The concept of carbon credit originated from which one of the following.

Choose an answer

Earth summit rio de jeneiro

Kyoto protocol

Montreal protocol

G-8 summit Helligendamm

The efficiency wage model can be modified to allow real wages to vary over the business cycle by assuming that.

Choose an answer

Workers effort may depend on the unemployment rate and the real wage

During a recession labor supply will decrease reducing the efficiency wage

During a recession productivity wil fall causing a reduction in the efficiency wage

During a boom labor demand will increase, causing the efficiency wage to rise

A square matrix A, such that A = A ' is called a

Choose an answer

Symmetric matrix

Skew symmetric matrix

Singular matrix

Rank of a matrix

Commercial banks

Choose an answer

Are financial intermediaries that offer demand deposits.

Are owned by the Federal Reserve

Are non profit banking institutions

Are overseen by the Federal savings and loan insurance corporation.

The price mechanism does not act as a

Choose an answer

Signal

Incentive

Rationing device

Indicator of income

The world trade organization is sometimes criticized for all of the following reasons except.

Choose an answer

If reduces the sovereignty of member countries.

Favors free trade over the quality of the environment

It has no way to solve trade disputes among member countries.

It is a "puppet" of multinational corporations

Finding a partner to work with abroad is called a.

Choose an answer

Takeover

Merger

Acquisition

Joint venture

Indifference curve is alwyas.

Choose an answer

Vertical

Horizontal

Concave

Convex

Division of labor is made according to the size of market is the view of

Choose an answer

M.P.Todaro

Leibstein

Rostow

Adam smith

A typical demand curve cannot be

Choose an answer

Rising upwards to the right

A straight line

Concave to origin

Convex to origin

The value of an asset depends upon

Choose an answer

Its scrap value

Its depreciation

The present value of the failure stream of income it can earn.

the cost of loans

The two main characteristics of the production function are.

Choose an answer

It slopes downward from left to right and the slope become flatter as teh input increases

It slopes upward from left to the right the slope becomes steeper as the input increase

It slopes upward from left to right unput increases

It slopes downward from left to right and the slope becomes steeper ath the input increase

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

Choose an answer

Un anticipated deflation

Anticipated deflation

Unanticipated inflation

anticipated inflation

The money multiplier is 4, and the money creating potential of the banking system is Rs. 40,000,000. The legal reserve ratio and the excess reserves are.

Choose an answer

40 percent and Rs. 4,000,000

40 percent and Rs. 10,000,000

25 percent and Rs. 2.500,000

25 percent and Rs.10,000,000

International trade forces domestic firms to become more completive in terms of.

Choose an answer

The introduction of new products

Product design and quality

Product price

All of the above

Modern Technique can be applied on

Choose an answer

Economic land holding

Uneconomic land holding

any land holding

None of these

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a

Choose an answer

Domestic subsidy

Export subsidy

Import quota

Export quota

The long term demand for real money balance will rise when

Choose an answer

the income elasticity of the demand for money is less than unity.

There is a long term increase in the price level

There is a relative increase in the stock of government securities.

Long term market interest rates are falling.

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

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