Exclusive Offer!! ! | Register at CSSMCQs Now to get FULL ACCESS to the entire Website at 1200 Rs/- (20̶0̶R̶s̶) 40.00% OFF until 11:59 PM on April 26, 2023. Register HERE!!                2024JanFebMar                         2023DecNovOctSepAugJulyJuneMayAprilMarFebJan                         2022DecNovOctSepAugJulyJuneMayAprilMarFebJan                            FPSC Tests Important Materials | [BUY] "FPSC To The Point Syllabus Materials" at 600Rs/- (1̶0̶0̶0̶R̶s̶) 40.00% OFF till 31st December 2023 Click to Register Now!!                             2021DecNovOctSepAugJulJunMayAprilMarFebJan                                                                         2020DecNovOctSepAugJulJunMayAprilMarFebJan                                       CSS PAKMCQs Book | PDF COPY | Exclusive Pakistan Affairs MCQs Books for FPSC Tests.                               Listen! | If they tell you 98% fail in CSS Exam…... yet don’t lose faith in yourself… BELIEVE, YOU FALL IN THAT 2%, without doubt, you will be in the 2% Insha'ALLAH. Maybe, NOT right now because You're NOT prepared yet. Maybe, not tomorrow because you can't be prepared too soon. However, After six months of hard work with Persistent and Consistency, you will be LIKE A PRO!!!. At last, If you don't have that much courage and can't believe yourself... CSSMCQs.com suggests you CHOOSE another path of career for yourself. If you can believe it, you can achieve it and vice versa. You know, People have done it with fewer resources, less intelligence, less education, less health, less wealth and with less help than you do possess right now. In fact, there is no excuse that is valid. You just need to sum up some courage and self-belief to go for it. To sum up, great things take time, if it were that easy everyone would be doing that. I hope, you have got the msg now :').                              Follow Us on Instagram  Twitter  Facebook  Youtube for all Updates...!! !                                           Updated List | Current Federal Ministers of Newly Govt of Pakistan 2022                                         

Economics MCQs For CSS Set 9

Question. If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?

  1. 3/8 percent
  2. 5 percent
  3. 11 percent
  4. 24 percent

Correct Answer is: 11 percent


Question. Large payment to senior employee who is forced into retirement is called ?

  1. Golden bonus
  2. Golden shake hand
  3. Friendly handshake
  4. Golden handshake

Correct Answer is: Golden handshake


Question. The largest group to Which a person belongs is______________?

  1. triad
  2. family
  3. primary
  4. society

Correct Answer is: society


Question.
If, in the long run, people adjust their price expectations so that all
prices and incomes move proportionately to an increase in the price
level then the long-run Phillips curve ?

  1. is vertical
  2. is negatively sloped
  3. has a slope that is determined by how fast people adjust their price expectations
  4. is positively sloped

Correct Answer is: is vertical


Question.
How is your purchase in Pakistan of a Rs40,000 BMW automobile that was
produced entirely in Germany recorded in the Pakistan’s GDP accounts ?

  1. Consumption in increase by Rs40,000 and net export decreases by Rs40,000
  2. Net exports increase by Rs40,000
  3. There is no impact because this transaction does not involve domestic production
  4. Investment increased by Rs40,000 and net exports increases by Rs40,000

Correct Answer is: Consumption in increase by Rs40,000 and net export decreases by Rs40,000


Question. If both marginal cost and marginal revenue increase, a firm ?

  1. Should increase output
  2. Should reduce output
  3. will require further information on how to respond
  4. Should not change output

Correct Answer is: will require further information on how to respond


Question. In
Western Europe in 9th C, originated military and social system in which
a nobleman would grant the use of land to servant in return for service
which is often military, and duty, Name the system ?

  1. Military system
  2. Land based system
  3. Feudal system
  4. Rural system

Correct Answer is: Feudal system


Question. Which of the following is not true about how people make decisions ?

  1. people give too much weight to a small number of vivid observations
  2. People are sometimes too sure of their own abilities
  3. All of these answers are actually true statements about how people make decisions.
  4. People are always rational maximizers
  5. People are reluctant to change their minds in the face of new information

Correct Answer is: People are always rational maximizers


Question. Which of the following is not a characteristic of a monopolistically competitive market ?

  1. free entry and exit
  2. long run economic profits
  3. many sellers
  4. differentiated products

Correct Answer is: long run economic profits


Question. Which of the following is a withdraw from the circular flow income stream ?

  1. Investment
  2. Subsidies
  3. Taxation
  4. Consumption

Correct Answer is: Taxation


Question. What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?

  1. The ceteris paribus effect
  2. The diminishing marginal utility effect.
  3. The substitution effect
  4. The income effect

Correct Answer is: The substitution effect


Question. Social scientists explain the incest taboo as_______________?

  1. biologically programmed
  2. a religious universal
  3. way of reducing family conflict
  4. all of the above

Correct Answer is: way of reducing family conflict


Question. The policy that has been the most successful in increasing agricultural output in developing countries is ?

  1. mechanization
  2. land reform
  3. import substitution
  4. produce marketing boards

Correct Answer is: land reform