PPSC Economics Topic 1 Basic Economics

PPSC Economics test is comprised of questions related to the economics subject and general knowledge questions. The PPSC test is, somehow, tough but candidates who prepare properly can easily cover the test. The test is comprised of 100 MCQs and candidates are required to get the maximum of marks to beat the set criteria and competition. In order to get excellent preparation in chapter I of the Economics subjects the team of Ilmkidunya has arranged PPSC online tests. On this page, the candidates can find the online test of chapter I. However, for other chapters’ tests, you will find separate sections and pages. The online test is comprised of 20 MCQs and candidates are offered 20 minutes to cover the test. In this way, candidates get the practice that how to cover the test within the given timeframe.

Top Scorers Of PPSC Economics Topic 1 Basic Economics MCQ`s Test

H

HaRaL Official 25 - May - 2024 00 Min 10 Sec 20/20
S

Shad Ali Shah 26 - Jul - 2024 10 Min 11 Sec 17/20
S

sarmad fida 06 - Jun - 2024 06 Min 45 Sec 16/20
H

Hassam Shahid 30 - Jun - 2024 07 Min 25 Sec 16/20
M

M.Shakeel Arshid Waince 03 - May - 2024 06 Min 11 Sec 15/20
G

graphic angel 27 - Jul - 2024 04 Min 13 Sec 14/20
S

Sadia 13 - Jun - 2024 06 Min 49 Sec 14/20
A

Abdul Qayyum 25 - May - 2024 07 Min 00 Sec 14/20
M

Muhammad Sajjad 17 - Nov - 2024 12 Min 30 Sec 14/20
A

Asifa Baloch 12 - Jul - 2024 00 Min 13 Sec 13/20
M

Madiha Naz 23 - Apr - 2024 05 Min 41 Sec 13/20
I

Imran Haider 06 - Jun - 2024 11 Min 32 Sec 13/20
R

Rai Hasis 02 - Jun - 2024 04 Min 56 Sec 12/20
A

Abdul latif 14 - May - 2024 07 Min 28 Sec 12/20
A

Abida Awan 31 - Jul - 2024 08 Min 50 Sec 12/20

PPSC Economics Chapter 1 Important MCQ's

Sr.#	Question	Answer
1	Demand pull inflation may be caused by	A. An increase in costs B. A reduction in interest rate C. A reduction in government spending D. An outward shift in aggregate supply
2	An increase in the price of a complement or produce.A would.	A. Shift demand for product a out wants B. Shift demand for product A inwards C. shift supply for product A out wards D. Shift supply for product A inwards
3	Earning from primary products are often unstable because.	A. Demand is price elastic B. Supply is price elastic C. Supply conditions are relatively stable D. Supply conditions are unstable
4	If marginal cost is positive and falling.	A. Total cost is falling B. Total cost is increasing at a falling rate C. Total cost is falling at a falling rate D. Total cost is increasing at an increasing rate.
5	If an economy is productively efficient.	A. Everyone is wealthy B. Resources are unemployed C. More of one product can only be produced if less of another product is produced. D. The distribution of income is equal
6	In order to maximize profits a monopoly company will produce that quantity at which the.	A. Marginal revenue equals average total cost B. Price equals marginal revenue C. Marginal revenue equals marginal cost D. total revenue equals total cost
7	Globalization is likely to increase with	A. More protectionism B. An increase in tariffs C. More trade within countries D. Greater trade flows between countries
8	Developing economies usually	A. Have large industrialized sectors B. Are dependent on primary products C. Have high levels of wealth D. Earn more from exports than is spent on imports
9	An outward shift in the marginal efficacy of capital should.	A. Decrease consumption B. Increase aggregate demand C. Reduce aggregate supply D. Slow economic growth
10	The marginal propensity to consume is equal to.	A. Total spending /total consumption B. total consumption/total income C. Change in consumption/change in income D. Change in consumption/change in savings

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

PPSC Economics Topic 1 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 1 Basic Economics