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CSS NTS Economics Solved MCQs Questions Answers Tests

1. Assume that there are only two goods: A and B
In the base year, Quantity Price
A 10 $1
B 10 $4
In the current year, Quantity Price
A 20 $ 5
B 25 $20
The Consumer Price Index (CPI) for the current year is:
a. 50
b. 100
c. 200
d. 500
e. 600

2. Which of the following groups is most hurt by unexpected inflation?
a. workers with cost of living adjustments in their labor contracts
b. homeowners
c. people with large debts to pay for their homes and cars
d. people with large retirement savings held in savings accounts

3. If the nominal interest rate is 5% and the inflation rate is 2%, the real interest rate is:
a. 2%
b. 3%
c. 5%
d. 7%
e. 2 ½%

4. For which of the following reasons might inflation cause Real GDP to grow slower than it otherwise would?
a. Inflation makes everyone poorer
b. Inflation reduces the value of consumer debt
c. Inflation increases business investment spending
d. Inflation decreases savings in financial form

5. Disposable Income is equal to:
a. National Income c. National Income Minus Taxes
b. Real GDP
c. National Income Minus Taxes
d. National Income Minus Taxes Plus Transfers

6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment spending is $2000. In order to avoid recessions and inflation (to have equilibrium), the government should have a:
a. balanced budget
b. budget deficit of $1000
c. budget surplus of $1000
d. budget deficit of $2000

7. According to Keynes, when the Great Depression started, the government should have:
a. done nothing
b. decreased the money supply
c. had a large increase in government spending
d. enacted high tariffs, such as the Smoot-Hawley Tariff

8. If the government lowers taxes by $10 billion, the Real GDP will rise by
a. more than $10 billion
b. less than $10 billion
c. exactly $10 billion

9. Which of the following is an automatic stabilizer?
a. unemployment benefits
b. spending on education
c. defense spending
d. net interest

10. “Crowding out” means that
a. a government budget deficit lowers interest rates and causes investment spending to rise
b. an increase in marginal tax rates lowers production
c. a government budget deficit raises interest rates and causes investment spending to fall
d. a government budget deficit raises American exports and lowers American imports
Answers: D D B D D C C A A C

1. Which of the following IS a function of money?
a. medium of exchange
b. store of value
c. unit of accounting
d. all of the above

2. Which of the following is a component of M-1?
a. savings deposits
b. credit card
c. checkable deposits
d. gold

3. Which of the following is a NOT component of M-2?
a. small time deposits
b. money market mutual funds
c. stocks
d. checkable deposits

4. Which of the following is true about the Federal Reserve System (Fed)?
a. it is a system of 12 central banks
b. its Board of Governors is elected by a vote of the people
c. its main policy-making body is the FDIC
d. it accepts deposits from the public and makes loans to businesses
e. all of the above

5. An IOU of the Federal Reserve Bank of San Francisco to Bank of America is called:
a. discounts
b. federal funds
c. reserves
d. collateral

6. Which of the following is the most liquid?
a. a savings account
b. a 6 month CD
c. a home
d. water

7. The monetary base is composed of:
a. gold and silver
b. currency only
c. currency and reserves
d. currency and checkable deposits

8. If the monetary base is increased by $1,000 and the reserve requirement is 10% (1/10), by how much will the money supply be increased?
a. $100
b. $1,000
c. $5,000
d. $10,000

9. If the Federal Reserve wishes to increase the money supply, it should:
a. raise the reserve requirement
b. raise the discount rate
c. buy Treasury securities in the open market
d. all of the above

10. An increase in the money supply will cause interest rates to
a. rise
b. fall
c. remain unchanged
Answers: D C C A C A C D C B

Public Administration Solved MCQs Questions Answers Tests CSS NTS PMS

(I) Public Administration may be defined as:
(A) Management of industry
(B) Administration of Public

(C) Management of Property
(D) Administrative Capacity
(E) None of these

(2) The concept of “bounded rationality” was given by:

(A) Wax Weber
(B) F. W. Riggs
(C) Herbert Simon

(D) Abraham Maslow
(E) None of these

(3) Bureaucracy is based on:

(A) Traditional Authority

(B) Personal Authority
(C) Charismatic Authority
(D) Corporate Authority
(E) None of these

(4) Behaviorism is associated with:

(A) Rationalism.
(B) Communication.
(C) Socialism.

(D) Humanism
(E) None of these

(5) The author of “The Function of the Executive” is:

(A) F. W. Taylor
(B) Chester Bernard

(C) Mary Parker Follet
(D) Henry Fayol
(E) None of these

(6) Which of the following is not of the core values of public administration?

(A) Equity
(B) Efficiency
(C) Effectiveness
(D) Bureaucracy
(E) None of these

(7) Which of the following is one of the features of bureaucracy conceived by

Max Weber?
(A) Authority
(B) Hierarchy

(C) Publicness
(D) Civil society
(E) None of these.

(8) Which of the following is an essential component of a formal organization?

(A) Decentralization
(B) Formal Structure
(C) Power
(D) Centralization
(E) None of these

(9) Bureaucracy is a form of:

(A) Political Organization.
(B) Social Organization
(C) Community Organization
(D) Private organization
(E) None of these

(10) McGregor’s name is most commonly associated with one of the following:

(A) Bureaucratic Theory
(B) Scientific Management
C) Theory X and theory Y

(D) Human Relations
(E) None of these

(11) Legal-rational authority” is a core concept of:

(A) Public Choice Theory
(B) Theory of Emergency
(C) Maslow’s Theory of Motivation
(D) Theory of Bureaucracy

(E) None of these

(12}One of the four functional imperative of a system identified by the Talcott Parsons is:

(A) Efficiency
(B) Effectiveness
(C) Adaptation
(D) Entropy
(E) None of these

(13) “Entropy” is a law of nature in which all forms of organizations move towards:

(A) Growth and Continuity
(D) Continuous Improvement
(C) Rebirth and Emergency
(D) Disorganization and Death

(E) None of these

(14) One choice theory is economic explanation of:

(A) Religion
(B) Islam.
(C) Political decision making
(D) Psychology.

(E) None of these.

(15) System. Theory is associated with the work of following:

(A) Leonard While
(B) Mary Parker Follet
(C) Talcott Parsons

(D) F.W. Taylor
(E) None of these

(16) Which one of the following is the foundation of modern Human Resource

(A) Specialization

(B) Compensation
(C) Job Analysis
(D) Job Evaluation
(E) None of these

(17) The process of transmitting the idea or thought into meaningful symbols is called:

(A) Decoding
(B) Feedback
(C) Reception
(D) Encoding

(E) None of these

(18) Which of the following will not be considered as a formal organization?

(A) A Hospital
(B) A University
(C) A Group of Friends

(D) A Service Industry
(E) None of these

(19) Which of the following violates the principle of Utility of Command?

(A) Bureaucratic Organization
(B) Functional Organization

(C) Manufacturing Organization
(D) Product Organization
(E) None of these.

(20) Which of the following is not a feature of good governance?

(A) Accountability
(B) Transparency
(C) Nepotism

(D) Rule of law
(E) None or these.

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