Question # 1

The overall Budget Deficit is financed from

Choose an answer

External borrowing

Non bank borrowing domestically

Bank borrowing plus the above two at a and b

None of the above

Should international transpiration costs decrease, the effect on international trade would include a.

Choose an answer

Increase in the volume of trade

smaller gain from trade

Decline in the income of home producers

Decrease in the level of specialization production.

The economic logic behind granting central bank's independence from governmental the conduct of monetary policy is.

Choose an answer

To eliminate seignior age

To allow open market operations

To enhance the credibility of monetary policy.

None of the above

If there is a price celling, there will be.

Choose an answer

Shortages

surpluses

Equilibrium

None of these

Gold -Collars workers fall in

Choose an answer

Primary activity

Tertiary production

Quinary activity

None of these

The first census in Pakistan was held in

Choose an answer

1948

1951

1959

1961

Which of the following will not be a determinant of the price elasticity of demand for a commodity.

Choose an answer

The absence of substitute for the good.

The presence of substitutes for the good.

The importance of the commodity in consumers budgets

The cost of producing the commodity

Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differtial in excess of transaction costs are called.

Choose an answer

Differential actions

Cash transactions

Arbitrage

Forward transactions

In an industry with a falling long term supply curve, which of the following is true.

Choose an answer

Industry unit cost are constant

Industry unit costs are decreasing

Industry unit costs are increasing

Industry unit costs cannot be determined

A decrease in the quantity of money supplied shifts the money supply curve to the________ and the equilibrium interest rate

Choose an answer

right ; fall

right ; rises

left ; falls

left ; rises

Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of.

Choose an answer

Research and development subsides.

Loan guarantees

Low interest rate loans

All of the above

Which is refers to any collection of specified group of human beings.

Choose an answer

Sampling

Random sampling

Non probability sampling

Population

In the Keynesian cross diagram, an expenditure causes the aggregate demand function to shift _________ and the equilibrium level of aggregate output to.

Choose an answer

up ; rise

up ; fall

down ; rise

down ; fall

It takes place with persons known to have been involved in particular concrete situations.

Choose an answer

Personal interview

Depth interview

Focused interview

Repeated interview

The view that human beings are above of outside of nature as a source of value to known as.

Choose an answer

Eco cetrism

Authropocentrum

Holism

Bio centrisim

In a recession a government.

Choose an answer

Is likely to want to increase demand in the economy

Is likely to want to decrease demand in the economy

Is likely to want to stabilize demand in the economy

Is likely to want to increase supply in the economy

Profit is measured by

Choose an answer

Revenue - Fixed costs

Fixed cost + revenue

Revenue - sales

Revenues - total costs

The multiplier is calculated as.

Choose an answer

1(1-MPC)

1/MPS

1/MPC

a or b

As income increases.

Choose an answer

the average propensity to consume gets nearer in value to the marginal propensity to consume

the average propensity to consume diverges in value from the marginal propensity to consume

the average propensity to consume falls

The averge propensity to consume always approaches 0

Rate of growth of an economy is measured in terms of

Choose an answer

Per capita income

industrial development

Number of people who have been lifted above the poverty line

National income

According to the factor endowment model of Hackshcer and Ohlin countries heavily endowed with land will.

Choose an answer

Devote excessive amounts of resources to agricultural production.

Devote insufficient amounts of resources to agricultural production

Export products that are and intensive.

Import products that are land intensive

A scarce good.

Choose an answer

Does not exist

Is a good that can only be purchased with money

Is a good that can never be purchased with money

Is a good that is available in limited quantities, but is desired in greater quantities.

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Choose an answer

Rise

fall

not changes

fluctuate

Zakat in an important feature of Islamic economics system which is given from

Choose an answer

Poor to rich

Producers to consumers

Banks to people

Rich to poor

In monopolistic competition

Choose an answer

Demand is perfectly elastic

Products are homogeneous

Marginal revenue = pirce

The marginal revenue is below the demand curve and diverges

If government regulations prohibit the production of a particular good the demand curve for that good will most likely.

Choose an answer

Shift leftward

Shift rightward

Remain unchanged

Disappear

If the demand for money increase relative to the supply of money

Choose an answer

Interest rates will trend upward

Interest rates will trend downward

Interest rates are not affected by increases in money demand

Interest rates will behave randomly

The resources in an economy are

Choose an answer

Constantly increasing

Fixed at any moment

Constant decreasing

Able to be transferred easily between industries

The major source of revenue for the government is.

Choose an answer

the collection of property taxes

The collection of the corporates income tax

The collection of excise taxes on gasoline cigarettes and tires

The collection of import and export duties in the conduct of foreign trade

If there is a financial panic and increased uncertainty about the return in the stock market and bond market what is the likely effect on money demand.

Choose an answer

Money demand declines first then rises when inflation increases

Money demand rises

The overall effect its ambiguous

Money demand declines

World Bank was established at the Briton wood conference in.

Choose an answer

1942

1944

1943

1940

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