PPSC Economics Chapter 1 Basic Economics Preparation Online Test

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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.

PPSC Economics Test Chapter 1 Syllabus

Economics subject covers several areas and topics. The first chapter is named Basic Economics and covers almost all the basic terms of the Economics subjects. For example, the chapter covers topics including decision making and cost-benefit analysis, division of labor and specialization, economic institutions, economic systems, incentives, money, opportunity cost, productive resources, productivity, property rights, and some others.

PPSC Economics Ch. 1 Test

Online MCQ`s Test For Chapter 1 "PPSC Economics Chapter 1 Basic Economics"

Try The MCQ`s Test For Chapter 1 "PPSC Economics Chapter 1 Basic Economics"

  • Total Questions20

  • Time Allowed20

PPSC Economics Chapter 1 Basic Economics

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Question # 1

Any combination of products inside the production possibility frontier is

Question # 2

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

Question # 3

Market is called father of economics

Question # 4

There are three fundamental questions every society must answer Which of the following is one of these questions.

Question # 5

The marginal rate of tax paid is.

Question # 6

A reduction in the money supply is likely to

Question # 7

The socially optimal rate of growth is

Question # 8

In a less developed country.

Question # 9

If product an inferior good.

Question # 10

A shift in supply will have a bigger effect on price than output if demand is.

Question # 11

Which of the following best describes the selling of a production license to another firm.

Question # 12

According to Keynes, the level of employment is determined by

Question # 13

The demand for a product would be more inelastic.

Question # 14

Which of the following is necessary for a natural monopoly.

Question # 15

In monopoly in long run equilibrium.

Question # 16

To be allocatively efficient ta firm must produce where

Question # 17

Improved training of employees would.

Question # 18

A depreciation of currency occur when

Question # 19

The public sector includes.

Question # 20

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

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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.

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