PPSC Economics Lecturer (BS-17) Test Past Papers Solved MCQs Questions with Answers.
(A) Average propensity to save
(B) Average propensity to consume
(C) Marginal propensity to consume
(D) Marginal propensity to save
Answer: (B) Average propensity to consume
The ratio between total consumption and total income is known as average propensity to consume.
(A) Industrial bank
(B) Agriculture bank
(C) Central bank
(D) Commercial bank
Answer: (C) Central bank
To ensure a nation’s economy remains healthy, credit money of the country is controlled by Central bank.
(A) Direct actions
(B) Bank rate policy
(C) Publicity
(D) Moral persuasion
Answer: (B) Bank rate policy
Qualitative methods of monetary policy do not include bank rate policy.
(A) GDP – depreciation
(B) GDP + depreciation
(C) NNP – depreciation
(D) GNP – Depreciation
Answer: (D) GNP – Depreciation
Net National Product (NNP) = Gross National Product (GNP) – Depreciation
(A) MC=P
(B) MC>MR
(C) MC=MR
(D) None of these
Answer: (C) MC=MR
The conditions for Equilibrium in Monopoly is “The marginal cost (MC) is equal to the marginal revenue (MR)”.