More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
PPSC Economics Full Book MCQ Test MCQs With Answers
Question # 1
In perfect competition a firm is.
Choose an answer
Price taker
Price setter
Independent
Dependent
Previous
Skip
Next
Question # 2
A tax 15 percent per imported item would be an example of a
Choose an answer
Ad valorem tariff
specific tariff
Effective tariff
Compound tariff
Previous
Skip
Next
Question # 3
Control is the essential ingredient of
Choose an answer
Descriptive method
Diagnostic method
Explorative method
Experiential method
Previous
Skip
Next
Question # 4
Economics given can be shown by
Choose an answer
An inward shift of the production possibility frontier
A movement down the production possibility frontier
An outward shift of the production possibility frontier
A movement up the production possibility frontier
Previous
Skip
Next
Question # 5
Hyperinflation occurs when
Choose an answer
The inflation rate rises
The inflation Tate declines
The inflation rate is extremely high
The inflation rate is extremely low
Previous
Skip
Next
Question # 6
The nominal interest rate minus the inflation rate is the
Choose an answer
Depreciation rate
Discount rate
Forward rate
Real interest rate
Previous
Skip
Next
Question # 7
Silent spring is written by
Choose an answer
Spinoza
Paul Taylor
Arne Naes
Rachel Carison
Previous
Skip
Next
Question # 8
The fifth five year plan was an attempt to stabilize the economy and improve the standard to living of the poorest segment of the population from __________ to ____
Choose an answer
1975-80
1980--85
1978-83
None of the above
Previous
Skip
Next
Question # 9
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
Previous
Skip
Next
Question # 10
Skills that embodied in a person are called.
Choose an answer
Human capital
Embodied skills
Physical capital
Experience skills
Previous
Skip
Next
Question # 11
If the demand curve for a good is downward sloping then the good must be.
Choose an answer
Normal
Inferior
Giffen
Either a or b
Previous
Skip
Next
Question # 12
In case of complimentary goods, if the price of one commodity falls there will be.
Choose an answer
Rise in demand of other commodity
Fall in demand of other commodity
Fall is demand of both commodities
Nor charge
Previous
Skip
Next
Question # 13
The costs of inflation are
Choose an answer
Shoe leather costs
Menu costs
Income redistribution
All of the above
Previous
Skip
Next
Question # 14
Short run is a time frame where a firm can change its.,
Choose an answer
Total cost
Total production
Plant size
None of these
Previous
Skip
Next
Question # 15
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
Previous
Skip
Next
Question # 16
A monopsony is
Choose an answer
The scale supplier of an input
The scale supplier of an output
The sole buyer of some type of input
A unionized industry
Previous
Skip
Next
Question # 17
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
Previous
Skip
Next
Question # 18
A square matrix with 1's in its principal diagonal and zeros every where else is.
Choose an answer
Diagonal matrix
Identity matrix
Leading diagonal
Scalar matrix
Previous
Skip
Next
Question # 19
One of money's primary roles in the economy comes from the use of money to transfer purchasing power to the future This role of money is called.
Choose an answer
store of value
Unit of account
Medium of exchange
Standard of deferred payment
Previous
Skip
Next
Question # 20
Extremality's arise because there is a divergence between ____ and _
Choose an answer
Private costs, private benefits
Private costs, social costs of benefits
Social cost, social benefit
Insiders, outsiders
Previous
Skip
Next
Question # 21
With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.
Choose an answer
Increased
Unaffected
Reduced
All of the above
Previous
Skip
Next
Question # 22
A possible use in economies for the circle of the ellipse is to model.
Choose an answer
Production possibility curve
Demand curve
Iosco line
Supply curve
Previous
Skip
Next
Question # 23
In a Boom
Choose an answer
Surpluses are likely to occur
Prices are likely to fall
supply will increase immediately to match demand
Shortages may occur
Previous
Skip
Next
Question # 24
When the supply of money increases.
Choose an answer
The LM curve will shift in
The LM curve will shit out
The demand for money will decrease
The demand for money will increase
Previous
Skip
Next
Question # 25
The demand for a product would be more inelastic.
Choose an answer
The greater is the time under consideration
The greater is the number of substitutes available to buyers
The less expensive is the product in relation to incomes
all of the above.
Previous
Skip
Next
Question # 26
Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.
Choose an answer
Restrictions on bank loans
Increased taxes
Contractionary fiscal policy
Expansionary fiscal policy
Previous
Skip
Next
Question # 27
International trade in goods and services is sometimes used as a substitute for all of the following except.
Choose an answer
International movements of capital
International movement of labor
International movement of technology
Domestics production of different goods and services
Previous
Skip
Next
Question # 28
Suppose there is full employment and a neoclassical aggregate supply schedule A 105 increases in the nominal money supply.
Choose an answer
Has no effect upon the price level
Increase the rate of interest
Increase the nominal wage 10%
Increase the real money supply 10%
Previous
Skip
Next
Question # 29
For any square matrix A of order 'n' a +A is.
Choose an answer
Skew symmetric
Non skew symmetric
Symmetric
Non symmetric
Previous
Skip
Next
Question # 30
Normal profit occurs when
Choose an answer
Average revenue equals average variable cost
Marginal revenue equals marginal cost
Average revenue equals marginal cost
Average revenue equals average cost
Previous
Skip
Next
Question # 31
Ad valorem tariffs are collected as.
Choose an answer
A percentage of the price of the product
A percentage of the quantity of imports
All of the above
Fixed amounts of money per unit traded
Previous
Skip
Next
Back