PPSC Economics Chapter 1 Basic Economics Preparation Online Test

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

MCQ's Test For PPSC Economics Chapter 1 Basic Economics

Try The MCQ's Test For PPSC Economics Chapter 1 Basic Economics

  • Total Questions20

  • Time Allowed20

PPSC Economics Chapter 1 Basic Economics

00:00
Question # 1

A multinational busniess

Question # 2

In monopoly in long run equilibrium.

Question # 3

Less demand in the economy may increase unemployment this may lead to less spending which may reduce demand further This is called.

Question # 4

The public sector includes.

Question # 5

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

Question # 6

A profit maximizing firm in perfect competition produces where

Question # 7

An increase in price all other, things unchanged leads to.

Question # 8

The agricultural price support program is an example of.

Question # 9

Economic theory assumes that people

Question # 10

Which of the following is true.

Question # 11

A recurring theme in economics is.

Question # 12

The fundamental economic problem faced by all societies is.

Question # 13

If marginal utility is zero.

Question # 14

If labour productivity per week is 200 units and there are 5 employees what is the total output.

Question # 15

Economic growth can be measured by

Question # 16

Which of the following best defines price discrimination.

Question # 17

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

Question # 18

An increase in price all other things unchanged leads to.

Question # 19

If product an inferior good.

Question # 20

Nationalization occurs when

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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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