Question # 1

During periods of negative demand shocks deficit target reductions such as those mandated in the Gramm Rudman Hollings Act would tend to.

Choose an answer

Stimulate the economy and increase empolyment.

Result in additional recessionary declines in employment and income

Stimulator defiance spending

Have an automatic stabilizing impact upon the economy

Following the work of _____________ in the 1960s, and the controversy associated with these views in the 1970s, there was a revival of interest by economists and government in monetary policy.

Choose an answer

Milton Friedman

Ronald Reagan

Margaret Thatcher

John Maynard Keynes

Which refers to a scale with a set of points which describes varying degrees of the dimensions of an attribute observed.

Choose an answer

Rating scale

Score card

Check list

Observation

The first five year plan 1955-60 was prepared by the board and was released in.

Choose an answer

1956

1957

1958

None of the above

During the financial year 1999-2000 the tax yielding the largest revenue for the Federal Government was.

Choose an answer

Income tax

Value added tax

Excise duty

Customs duty

Which of the following causes M1 demand is decrease.

Choose an answer

A fall in the tax rate

An increase in income

A fall in the interest rate

An increase in the use of credit cards

Which of the following procedures is included in the process that produces a value for disposable personal income

Choose an answer

subtracting excies and sales taxes

Subtracting nonbusiness interest

Subtracting transfer payment from government.

subtracting income taxes

Expansion in money supply stems from.

Choose an answer

Increasing the cost of bank credit

Reducing availability of bank credit

Reducing the financial cost of bank credit

None of above

Perfect competition implies

Choose an answer

Homogeneous goods

Inferior goods

Superiors goods

Differential goods

The very word statistics refers to.

Choose an answer

State craft

Science of state

Political state

Political craft

Disposable income is obtained by subtracting ________ taxes from personal income

Choose an answer

Indirect taxes

Direct taxes

Subsidies

None

When the stock market a rising it is called.

Choose an answer

Bearish

Bullish

Perfect competition

Rising up

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Choose an answer

increases ; raises

does not change ; lowers

decreases ; raises

decrease ; lowers

Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.

Choose an answer

A change in the production function

A change in the size of the labor force

A change in the money supply

A change in the real quantity of government purchases

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

Rachel Carson wrote the book

Choose an answer

Silent spring

Transpersonal ecology

Deep ecology

None of these

In the Harrod - Domar equation g = s/v , v is defined as.

Choose an answer

the value of the country a capital stock

The ratio of the country's capital stock to its output.

The change in the country's capital stock

None of the above

Monetary policy is concerned with influencing.

Choose an answer

The general level of money wages

The level of government expenditure

The price and availability of money

The level of shares on the stock market

Public utilities tend to be

Choose an answer

Inefficient

Natural monopolies

subject to increasing costs

None of these

A nation with a current account deficit will be

Choose an answer

Lending more money to other nations

Experiencing a surplus in exports of goods and services

Reducing its indebtedness to other nations

Going further into debt with other nations

The most frequently occurring score in a distribution

Choose an answer

Mean

mode

Median

Quartile

The sufficient condition required for the matrix to posses inverse is that the matrix should be.

Choose an answer

square matrix

Singular matrix

Non singular matrix

Orthogonal matrix

The least common type of transaction in the foreign exchanges is a.

Choose an answer

Forward transaction

Spot transaction

Swap transaction

None of the above

The term of trade in Pakistan remained unfavorable regarding.

Choose an answer

Industrial sector

Services sector

Agricultural sector

All of these

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

In cartels.

Choose an answer

Firms complete against each other

Price wars are common

Firms use price to win market share from competitors

Firms collude

the purpose of research is to discover answer to questions through application of.

Choose an answer

Scientific method

scientific research

Scientia procedure

Social science research

An increase in costs will

Choose an answer

Shift aggregate demand

Shift aggregate supply

Reduce the natural rate of unemployment

Increases the productivity of employees

The index used most often to measure inflation is the

Choose an answer

Consumer price index

Wholesale price index

Student price index

Producer price index

Which of the following explains why demand curves slope downward.

Choose an answer

Prices and income

substitutes and complements

Resources and technology

Substitution effect and income effect

Skewness refers to.

Choose an answer

Symmetry

Asymmetry

Flatness

Varience

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