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

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Question # 1

Say's law states that

Question # 2

To reduce cyclical unemployment the government might.

Question # 3

If demand increase in a market this will usually lead to.

Question # 4

Developing economies usually

Question # 5

Can economic theories be tested.

Question # 6

When marginal revenue equals marginal cost

Question # 7

To adjust from gross National Product to Net National Product

Question # 8

If the economy grows the government's budget position will automatically

Question # 9

If a maximum price is set below equilibrium there will be.

Question # 10

Supply side policies are most appropriate to cure.

Question # 11

Why might a country resist globalization.

Question # 12

If marginal utility is zero.

Question # 13

The first level of output at which the long run average costs are minimized is called.

Question # 14

Which of the following is a determinant of consumption.

Question # 15

The marginal rate of tax paid is.

Question # 16

If product an inferior good.

Question # 17

Unfair competition does not include

Question # 18

A mixed economy

Question # 19

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

Question # 20

If an increase in investment leads to a bigger increase in national income this is called the.

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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 Acquisition and merger are examples of.
A. Internal growth
B. External growth
C. Organic growth
D. Underlying growth
2 In the long run in perfect competitiion
A. the price equals the total revenue
B. Firm are allocatively inefficient
C. Firms are productively efficient
D. the price equals total cost
3 In marketing "USP " Stand for
A. Unique selling proposition
B. Underlying sales pitch
C. Unit sales point
D. Under sales procedure
4 The effects of inflation on the price competitiveness of a country's products may be offset by
A. An appreciation of the currency
B. A revaluation of the currency
C. A depreciation of the currency
D. Lower inflation abroad
5 Which of the following is not a supply side measure.
A. Increased training
B. Providing more information
C. Helping individuals to move location to find work
D. Increasing spending on existing industries.
6 The marginal revenue curve in monopoly
A. Equals the demand curve
B. Is a parallel with the demand curve
C. Lies below and converges with the demand curve
D. Lies below and diverges from the demeaned curve
7 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
8 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
9 A subsidy paid to producers.
A. Shifts the supply curve
B. Shifts the demand curve
C. Leads to a contractional supply
D. Leads to an extension of supply
10 Laboratory experiments cannot be performed in economics because.
A. Of resource scarcity
B. Economics is a natural science
C. Of the difficulty of distinguishing between normative and positive statements.
D. Economics is a social science

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