Question # 1

The effects of inflation on the price competitiveness of a country's products may be offset by

Choose an answer

An appreciation of the currency

A revaluation of the currency

A depreciation of the currency

Lower inflation abroad

Budget 2012 -2013 total volume is Rs. _______ billion.

Choose an answer

2,560

2.960

2.760

Noe of these

Fiscal defect in the budget means.

Choose an answer

Revenue Deficit plus the net borrowings of the government.

Budgetary deficit plus the net borrowings of the government

Capital deficit plus revenue deficit

Primacy deficit minus capital deficit

During inflation.

Choose an answer

Lenders lose borrowers gain.

Borrowers lose , lenders gain

The real interest rate rises

Borrowers and lenders both lose.

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Choose an answer

aggregate supply is

aggregate demand is

Potential output is

Real variables are

The "balance of trade" is a record of.

Choose an answer

Exports and imports of financial assets

The current account plus capital account

The net export of goods and services

The value of merchandise exports minus imports

A Rs.10 increase in autonomous investment spending shifts IS

Choose an answer

Rightward by Rs.10

Leftward Rs.10

Rightward by Ke (Rs.10)

Leftward by Ke (Rs.10)

When the quantity demanded is changed on the same price

Choose an answer

the demand curve shifts upward

The demand curve shifts downward

Movement on the same demand curve

None of these

The fundamental economics problem faced by all societies is

Choose an answer

Un employment

In equality

Poverty

Scarcity

When aggregate economic activity increasing the economy is said to be in.

Choose an answer

An expansion

A contraction

A peak

A turning point

A system of systematically interrelated concepts definitions and propositions that are advanced to explained and product phenomena.

Choose an answer

Facts

Values

Theory

Generalization

A mixed economy

Choose an answer

Has supply but not demand

Has demand but not supply

Has supply and demant

Has market forces and government intervention

A beneficial supply shock would cause.

Choose an answer

A movement up the short run Phillips

a movement down the short run Phillips curve

The short run Phillips curve to shift upward and to the rights

The short run Phillips curve to shift down ward and to the left

In August ____ the government established a working group on private investment for the Eight Five Year plan 1993-98

Choose an answer

1989

1990

1991

None of these

Health of a country's economy is indicated by

Choose an answer

Number of doctors per 1,000 population

Per capital income

Literacy rate

None of the above

When a tax is levied on a good.

Choose an answer

The market price falls because demand declines.

The market price falls because supply falls.

A wedge is placed between the price buyers pay and the price sellers receive

The market price rises because demand falls.

The nominal interest rate is 5% and the inflation rate is 2% the real interest rate is.

Choose an answer

2%

3%

7%

4%

Ordinal measurement approach was not presented by

Choose an answer

Allen

Hicks

Edge worth

Robbins

The main cause of different relative costs between countries are.

Choose an answer

Relative factors competition

Relative factor mobility

Relative factor substitution

Relative factor endowments

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Choose an answer

capital widening, technical innovation

Capital widening, catch up in technology

Capital deepening, technical innovation

Capital deepening, catch up technology.

Which of the following taxes is regressive

Choose an answer

The federal income tax

The state income tax

The sales tax

The Medicare tax

An expenditure reducing policy would consist of a decrease in

Choose an answer

The par value of a currency

Government expenditures

Import duties

Business or household taxes

Eco philosophy deals with philosophy of

Choose an answer

Nature

Mind

Science

None of these

A current account surplus implies that

Choose an answer

The country is a net lender to the rest of the world

The country is running a net capital account surplus

Foreign investment in domestic securities is at very low levels

All of the above

Pakistan place in the world are wise on _______ number

Choose an answer

20th

25th

30th

35th

If a person's MPC is always two thirds and that person's break even point is Rs. 6,000, at a disposable income of Rs.9,000 the person's consumption expenditures will be.

Choose an answer

Rs. 8,000

Rs. 5,000

Rs.6,000

Rs.7500

Keynes suggested that ________ income households consume a ____ proportion of their income than ____ income households.

Choose an answer

Low ; smaller ; high

Low ; larger ; high

low ; smaller ; middle

High ; larger ; low

Silent spring is written by

Choose an answer

Spinoza

Paul Taylor

Arne Naes

Rachel Carison

If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.

Choose an answer

A Type II error is made

A type I error is mad

The alternative hypothesis is correct.

A and C are correct

Policy of nationalization was adopted in the period of.

Choose an answer

Z.A. Bhutto

Nawaz Sharif

Zia ul Haq

All of them

Which of the following is a NOT component of M-2.

Choose an answer

Small time deposited

Money market mutual funds

Stocks

Checkable deposits

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