PPSC Economics Topic 1 MCQS Test Preparation

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.

MCQ's Test For PPSC Economics Topic 1 Basic Economics

Try The MCQ's Test For PPSC Economics Topic 1 Basic Economics

  • Total Questions20

  • Time Allowed20

Start Test Download PDF

PPSC Economics Topic 1 Basic Economics

00:00
Question # 1

Occupational immobility of labour occurs if.

Question # 2

If economics when we say that people are rational, we mean that they.

Question # 3

If the fprice in a market is fixed by the government below equilibrium.

Question # 4

An increase in the costs of production will

Question # 5

In economics we ofthe say that a particular event will occur "as long as other things stay the same. " The conduction that other thing saty the same is also called.

Question # 6

An increase in aggregate demand is more likely to lead to demand pull inflation if.

Question # 7

If there is a price celling which of the following is NOT likely to occur.

Question # 8

Economic growth can be measured by

Question # 9

In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals.

Question # 10

Which of the following is not an argument for protectionism.

Question # 11

Less Developed countries lend to have

Question # 12

An increase in the price of a complement or produce.A would.

Question # 13

Supply is likely to be more price elastic.

Question # 14

Can economic theories be tested.

Question # 15

A government might use tax to.

Question # 16

Investment is an out stable element of aggregate demand because is depends heavily on.

Question # 17

In a market system sellers act in ___ interest, but this leads to behaviors in ___ interest.

Question # 18

A benefit to consumers of price discrimination is that

Question # 19

If marginal utility is zero.

Question # 20

If marginal cost is positive and falling.

Submit

Prepare Complete Set Wise PPSC Economics Topic 1 Basic Economics MCQs Online With Answers


Topic Test

00:00
Submit
 
Economics
1st Chapter

PPSC Economics Chapter 1 Test

Here you can prepare PPSC Economics Chapter 1 (Basic Economics) Test. Click the button for 100% free full practice test.

Start Chapter 1 Test

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 Revealed preference theory was presented by.
A. Samuelson
B. Hicks
C. Marshall
D. rICARDO
2 World trade has been increasing due to.
A. Increased tariffs
B. Increased legal barriers
C. Increased embargoes
D. Reduced protectionism
3 The difference between gross investment and net investment is.
A. Depreciation
B. Acceleration
C. Deceleration
D. Capital investment
4 Horizontal integration may lead to internal economics of scale. Which of the following is not a type of internal economy of scale.
A. Purchasing
B. Technical
C. Financial
D. Safety
5 If employees cannot accept a job because of the costs of moving this is known as.
A. Occupational immobility
B. Cyclical unemployment
C. Structural immobility
D. Geographical immobility
6 Effective branding will tend to make
A. Demand mover price inelastic
B. Supply more price inelastic
C. Demand more income elastic
D. Supply more income elastic
7 Economics growth can be seen by an outward shift of.
A. The production possibility frontier
B. The gross domestic barrier
C. The marginal consumption frontier
D. The Minimum Efficient scale
8 To prevent the external value of the currency from failing the government might
A. Reduce interest rates
B. Sell its own currency
C. Buy its own currency with foreign reserves
D. Increase its own spending
9 The average variable cost curve.
A. Is derived from the average fixed costs
B. Converges with the average cost as output increases
C. Equals revenue minum profits
D. Equal the total costs divided by the output
10 Which kind economics deals with issues such as unemployment inflation, and economic growth.
A. Macro economics
B. Micro economics
C. Growth economics
D. Political economics

Test Questions

Is this page helpful?