PPSC Economics Full Book MCQ Test With Answers

PPSC Economics Full Book MCQ Test

Sr. # Questions Answers Choice
1 A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is. Constant Inelastic Elastic Unitary elastic
2 Which of the following is often considered to be inconsistent with the notion of perfect competition. Large number of firms Free entry Complete mobility None of these
3 A straight line downward sloping demand curve implies that as price falls the elasticity of demand. Increases Decreases Remain the same None of these
4 Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is Positive Negative Infinite None of these
5 Since 1960 the rage of economic growth in the country has been On the decline continuously Increasing continuously increasing occasionally. Static in real terms
6 During the last eight years the per capita income in Pakistan has been Increasing substantially because of decline in population growth Decreasing increasing only marginally Constant
7 An increasingly higher marginal income tax is Progressive Regressive Proportional Both b and c
8 The central bank of a country plays a significant role in her macroeconomics performance by regulating the. Money supply Supply credit Interest rate All of these
9 In the theory of the firm profit maximization is always synonymous with. Profitability Economic profit making maximization of the sales revenue None of these
10 In a "Lorenz curve diagram absolute equality in income distribution would appear as. A curved line well bowed out from the diagonal A curved line close to the diagonal A right angled line A diagonal line
11 During the 1980's empirical evidence indicates that. Poverty re emerged in Pakistan Good growth brought down poverty in Pakistan. Poverty situation showed no change None of the above
12 Expansion in money supply stems from. Increasing the cost of bank credit Reducing availability of bank credit Reducing the financial cost of bank credit None of above
13 Health of a country's economy is indicated by Number of doctors per 1,000 population Per capital income Literacy rate None of the above
14 An important policy instrument to influence commercial banks is. Open market operations Changing reserve ratios of commercial banks Moral persuasion None of the above
15 The "balance trade" is a record of. Exports and imports of financial assets The current account plus capital account The export of goods and services. the value of merchandise exports minus imports
16 All economic model ae based on Realistic assumptions Assumptions which can never be perfectly realistic Unrealistic assumptions None of the above
17 All economic model ae based on Realistic assumptions Assumptions which can never be perfectly realistic Unrealistic assumptions None of the above
18 In 25 years Pakistan's Per capital income More than doubled Less than doubled Did not show more than 70% increase None of the above
19 Saving means Part of income for investment Income for boarding Non consumption of income in the current period None of the above
20 Saving means Part of income for investment Income for boarding Non consumption of income in the current period None of the above
21 Health of a country's economy is indicated by Number of doctors per 1,000 population Per capital income Literacy rate None of the above
22 Guid up of foreign exchange reserves leads to. Decrease in money supply increase in money supply contraction in money supply None of the above
23 Devaluation leads to. Increase in imports Increase in exports Decline in imports None of the above
24 The overall Budget Deficit is financed from External borrowing Non bank borrowing domestically Bank borrowing plus the above two at a and b None of the above
25 The overall Budget Deficit is financed from External borrowing Non bank borrowing domestically Bank borrowing plus the above two at a and b None of the above
26 The overall Budget Deficit is financed from External borrowing Non bank borrowing domestically Bank borrowing plus the above two at a and b None of the above
27 The overall Budget Deficit is financed from External borrowing Non bank borrowing domestically Bank borrowing plus the above two at a and b None of the above
28 The overall Budget Deficit is financed from External borrowing Non bank borrowing domestically Bank borrowing plus the above two at a and b None of the above
29 A firm's monopolistic position is strengthened by low elasticity of demand for its product High elasticity of demand for its product Constant elasticity of demand None of the above
30 National Income account of Pakistan have registered GDP & GNP as. GDP = GNP<div><br></div> GDP &lt; GNP GDP &gt; GNP GDP / GNP
Download This Set

Is this page helpful?