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	If marginal product is below average product.	A. The total product will fall B. The average product will fall C. Average variable costs will fall D. Total revenue will fall
2	An increase in consumption at any given level of income is likely to lead to.	A. a fall in savings B. An increase in exports C. A fall in taxation revenue D. A decrease in import spending
3	Inflation.	A. Reduces the cost of living B. Reduces the standard of living C. Reduce the price of products D. Reduces the purchasing power of a price
4	If the "Regulated -market" price is below the equilibrium price.	A. The quantity demanded will be greater than quantity supplied B. Demand will be les than supply C. Quantity demanded will be less than quantity supplied D. Quantity demanded will equal quantity supplied
5	The resources in the economy do not include.	A. Demand B. Land C. Labor D. Capital
6	"Income inequality can be high in the free market and should be reduce ".This is an example of what.?	A. Judicial economic statement. B. Positive economic statement C. Formative economic statement D. Normative economic statement
7	In land intensive method which mean production is used comparativelymore	A. Labour B. Land C. Capital D. Organization
8	Which of the following is a normative statement in economics.	A. More spending by the government reduces poverty B. Higher taxes lead to less desire to work C. the UK Economy is growing fast relative to other European Union members D. The Government should concentrate on reducing unemployment
9	In a less developed country.	A. The infrastructure is likely to be good. B. Real wages are likely to be high C. Unemployment is likely to be low D. The primary sector is likely to be significant
10	The free market involves	A. The free provision of products B. The subsidizing of products by the government C. Market forces of supply and demand D. All trade via barter

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