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

Which of the following is a determinant of consumption.

Question # 2

A reduction in the money supply is likely to

Question # 3

If firm earn normal profits.

Question # 4

Demand pull inflation may be caused by

Question # 5

If marginal utility is zero.

Question # 6

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

Question # 7

The concept of "Interdependence of markets" can refer to the interdependence between.

Question # 8

Finding a partner to work with abroad is called a.

Question # 9

What does ceteris paribus mean.

Question # 10

When marginal revenue equals marginal cost

Question # 11

Lower interest rates are likely to.

Question # 12

An increase income will

Question # 13

The liquidity trap occurs when the demand for money

Question # 14

In cartels.

Question # 15

Companies in the private sector are owned by

Question # 16

A model of game theory of oligopoly is known as the

Question # 17

"Reducing inflation is a more important objective than economic growth" is an example of.

Question # 18

A scarce good.

Question # 19

In the long term a firm will produce provident the revenue covers.

Question # 20

Effective branding will tend to make

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Economics
1st Chapter

PPSC Economics Chapter 1 Test

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Sr.# Question Answer
1 Less Developed countries lend to have
A. A high average age
B. A slow population growth rate
C. High life expectancy
D. A low literacy rate
2 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
3 If firms join together to set prices and quantities this is known as what.
A. Interaction
B. Conglomerate
C. Collusion
D. Integration
4 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
5 Developing economies usually
A. Have large industrialized sectors
B. Are dependent on primary products
C. Have high levels of wealth
D. Earn more from exports than is spent on imports
6 If the price was fixed below the equilibrium price there would be.
A. Excess supply
B. Excess demand
C. Equilibrium
D. Down ward pressure on prices
7 Why is the law of diminishing marginal returns true.
A. specialization and division of labor
B. Spreading the average fixed cost
C. Limited capital
D. All factors being variable in the long run
8 Which of the following is an injection into the economy.
A. Investment
B. Saving
C. Taxation
D. Import spending
9 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
10 The natural rate of unemployment is likely to tall if
A. Unemployment benefits increase
B. Income tax increases
C. More training is available for the unemployed
D. Geographical immobility increases

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