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FPSC Economics Lecturer Test → Economics Lecturer Test Sample Paper Questions from 41 to 50
Pages: 1 | 2 | 3 | 4 | 5
41. All of the following could reduce waste, except
(A) Introducing a landfill tax
(B) Providing less information
(C) Taxing rubbish bags
(D) Reducing packaging on products
42. It is reasonable to expect students or their families to contribute to their tuition fees at university because
(A) It will provide the universities with more revenue
(B) The State should not contribute to their fees
(C) The cost of education continuously rises
(D) The average university student derives private benefit
43. Government intervention to correct a market failure will be inefficient if
(A) The cost of implementation is greater than the benefit
(B) It causes unemployment
(C) Businesses have to close
(D) Anyone loses from their actions
44. Highly unstable agricultural prices are often caused by
(A) Governments buying up stock
(B) The price mechanism working effectively
(C) Supply shocks like diseases
(D) Highly elastic demand and supply
45. Buffer stocks can be criticised for all of the following, except
(A) They need a good harvest to start
(B) Not all goods can be stored
(C) They cost money to manage
(D) They can help stabilise prices
46. To determine the correct level of GNP, it is necessary to
(A) add up the values of goods and services during one year
(B) add up all savings
(C) count all imports
(D) add up the value of semi finished goods
47. Transfer payment means
(A) Bank loans
(B) The payment without work
(C) Text payments
(D) Payments made to all factors of production
48. If we compare GDP and GNP, then
(A) GNP = GDP – net income from abroad
(B) GNP = GDP + net income from abroad
(C) GNP = NNP – net income from abroad
(D) GNP = NNP + net income from abroad
49. A TV set purchased from a retail store is an example of
(A) Intermediate goods
(B) Capital goods
(C) Surplus goods
(D) Final goods
50. Net Investment is
(A) Gross Investment minus household Investment
(B) Gross Investment minus government taxes
(C) Gross investment minus capital consumption allowance
(D) None of the above
ANSWERS: ECONOMICS LECTURER TEST SAMPLE PAPER
41. (B)
42. (D)
43. (A)
44. (C)
45. (D)
46. (A)
47. (B)
48. (B)
49. (D)
50. (C)