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

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PPSC Economics Topic 1 Basic Economics

00:00
Question # 1

Government policies that focus on increasing production rather than demand are called.

Question # 2

The bowed shape of the production possibilities curve illustrtres.

Question # 3

Economics given can be shown by

Question # 4

A model of game theory of oligopoly is known as the

Question # 5

Why might a country resist globalization.

Question # 6

A cut in the tax rate designed to reduce the business investment is an example of.

Question # 7

A benefit to consumers of price discrimination is that

Question # 8

Labour productivity measures.

Question # 9

Which kind economics deals with issues such as unemployment inflation, and economic growth.

Question # 10

If the price elasticity is -0.3 this means.

Question # 11

In a less developed country.

Question # 12

Aggregate demand refers to the total demand for all domestically produced goods and services in an economy generated from.

Question # 13

The natural rate of unemployment is likely to tall if

Question # 14

To prevent the external value of the currency from failing the government might

Question # 15

Firm in oligopoly are likely to.

Question # 16

If people are made unemployed because of a fall in aggregate demand this is known as.

Question # 17

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

Question # 18

The sacrifice involved when you choose a particular course of action is called the

Question # 19

Which of the following is the government most likely to subsidies.

Question # 20

To reduce the supply of money the government could.

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Economics
1st Chapter

PPSC Economics Chapter 1 Test

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PPSC Economics Chapter 1 Important MCQ's

Sr.# Question Answer
1 Who advocates laissez fair.
A. Monetarists
B. Classical
C. Neo classical
D. Modern
2 A deflationary policy could include
A. Increasing injections
B. Reducing taxation rates
C. Reducing interest rates
D. Reducing government spending
3 An increase income will
A. Lead to a movement along the demand curve
B. Shift the supply curve
C. Shift the demand curve
D. Lead to an extension of demand
4 Profit making is basic motive in.
A. Socialism
B. Mixed economy
C. Communism
D. Capitalism
5 An increase in productivity should.
A. Lead to a contraction of supply
B. Lead to an expansion of supply
C. Lead to a shift in supply outwards
D. Lead to higher equilibrium and lower equilibrium quantity.
6 Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by.
A. An fall in demand
B. An increase in supply
C. Improvements in production technology
D. An increase in demand
7 Which of the following can the government not use directly to control the economy.
A. Pay rates within the privates sector
B. Pay rates in the public sector
C. Investment in education
D. Benefits available for the un employed and sick
8 The concept of "Interdependence of markets" can refer to the interdependence between.
A. Two or more factor markets
B. Goods and factor markets
C. Goods markets
D. All of the above
9 A depreciation of currency occur when
A. The value of the currency falls
B. The value of the currency increases
C. Inflation falls
D. The balance of payments improves
10 A cut in the income tax rate designed to encourage household consumption is an example of.
A. Expansionary demand side policy
B. Contractionary demand side policy
C. Expansionary supply side policy
D. Contractionary supply side policy

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