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	An expansionist fiscal policy could include	A. Lower interest rates B. Increased lending by the banks C. An increase in corporation tax D. An increase in discretionary government spending
2	The socially optimal rate of growth is	A. Zero B. Negative C. Where the marginal social benefit the marginal social cost D. total social costs are minimized
3	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.
4	Demand for primary products is likely to be	A. Very sensitive to price B. Price elastic C. Unit elastic D. Income inelastic
5	According to schumpater	A. Monopolies are inefficient B. Monopoly profits act as an incentive for innovation C. Monopolies are allocatively efficient D. Monopolies are productively efficient
6	In perfect price discrimination	A. Consumer surplus is maximized B. Produce surplus is zero C. Community surplus is maximized D. Consumer surplus is zero
7	According to the quantity theory of money an increase in the money supply is most likely to lead ot inflation if	A. The velocity of circulation decreases B. The number of transactions decreases C. There is deflation D. The velocity of circulation and the number of transactions is constant
8	In cartels.	A. Firms complete against each other B. Price wars are common C. Firms use price to win market share from competitors D. Firms collude
9	In the short run firm in perfect competition will still produce provided.	A. The price covers average variable cost B. The price covers variable cost C. The price covers average fixed cost D. The price covers fixed cost
10	Economics given can be shown by	A. An inward shift of the production possibility frontier B. A movement down the production possibility frontier C. An outward shift of the production possibility frontier D. A movement up the production possibility frontier

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