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

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HaRaL Official 25 - May - 2024 00 Min 10 Sec 20/20
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Shad Ali Shah 26 - Jul - 2024 10 Min 11 Sec 17/20
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sarmad fida 06 - Jun - 2024 06 Min 45 Sec 16/20
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Hassam Shahid 30 - Jun - 2024 07 Min 25 Sec 16/20
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M.Shakeel Arshid Waince 03 - May - 2024 06 Min 11 Sec 15/20
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graphic angel 27 - Jul - 2024 04 Min 13 Sec 14/20
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Sadia 13 - Jun - 2024 06 Min 49 Sec 14/20
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Abdul Qayyum 25 - May - 2024 07 Min 00 Sec 14/20
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Muhammad Sajjad 17 - Nov - 2024 12 Min 30 Sec 14/20
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Asifa Baloch 12 - Jul - 2024 00 Min 13 Sec 13/20
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Madiha Naz 23 - Apr - 2024 05 Min 41 Sec 13/20
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Imran Haider 06 - Jun - 2024 11 Min 32 Sec 13/20
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Rai Hasis 02 - Jun - 2024 04 Min 56 Sec 12/20
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Abdul latif 14 - May - 2024 07 Min 28 Sec 12/20
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Abida Awan 31 - Jul - 2024 08 Min 50 Sec 12/20

Sr.#	Question	Answer
1	The resources in an economy are	A. Constantly increasing B. Fixed at any moment C. Constant decreasing D. Able to be transferred easily between industries
2	If the price in a market is fixed by the government above equilibrium.	A. There is excess equilibrium B. There is excess supply C. There is excess demand D. There is equilibrium
3	If injections are greater than withdrawals.	A. National income will increase B. National income will decrease C. National income will stay in equilibrium D. Price will fall
4	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
5	If the fprice in a market is fixed by the government below equilibrium.	A. There is excess equilibrium B. There is excess supply C. There is excess demand D. There is equilibrium
6	Which of the following is a determinant of consumption.	A. Expectations about future prices B. Level of indebtedness of consumers C. The price level D. All of the above
7	The profit per scale is a measure of.	A. Profit B. Profitability C. Feasibility D. Realism
8	If firm earn normal profits.	A. They will aim to leave the industry B. Other firms will join the industry C. The revenue equals total costs D. No profit is made in accounting terms
9	Improved training of employees would.	A. Shift aggregate supply to the right B. Shift aggregate supply to the left C. Shift aggregate demand to the right D. Shift aggregate demand to the left
10	Globalization is made more difficult by	A. The actions of the World Trade Organization B. The removal of protectionist measures C. Exchange rate instability D. More free trade agreements

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PPSC Economics Topic 1 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 1 Basic Economics

PPSC Economics Topic 1 Basic Economics

Which of the following would decrease aggregate demand.

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

To reduce the supply of money the government could.

Why is the law of diminishing marginal returns true.

Lower interest rates are likely to.

If demand is price inelastic.

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

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

A cut in the tax rate designed to reduce the business investment is an example of.

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

If employees cannot accept a job because of the costs of moving this is known as.

Macro economics deals with

Globalization is made more difficult by

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

Economic growth can be measured by

Rapid increases in the price level during periods of recession or high unemployment are known as.

Injection are

The natural rate of unemployment is likely to tall if

In a free market the combination of products produced will be determined by.

Which of the following is not likely to be a government objective.

Prepare Complete Set Wise PPSC Economics Topic 1 Basic Economics MCQs Online With Answers

Set 1

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Set 3

Set 4

Set 5

Set 6

Set 7

Set 8

Set 9

Set 10

Set 11

Set 12

Set 13

Set 14

Set 15

Set 16

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PPSC Economics Chapter 1 Test

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