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 the exchange rate is above the equilibrium level.	A. There is excess demand and teh exchange rate will fall B. There is excess supply and the exchange rate will fall C. There is excess demand and the exchange rate will rise D. There is excess supply and the exchange rate will rise
2	What makes economics scientific.	A. It tests theories against observations and modifies the theories if needed. B. It uses numbers to measure things C. It involves the use of experiments D. It is a description of how thing work
3	An increase in the marginal propensity to consume will	A. Increase the size of the multiplier B. Increase the marginal propensity to save C. Decrease national income D. Reduce injections into the economy
4	Human wants are	A. Always fixed B. Limited C. Unlimited D. Likely to decrease over time
5	Which of the following is not an argument for protectionism.	A. To protect infant industries B. To increase the level of imports C. To protect strategic industries D. To improve the balance of payments
6	In monopolistic competition firms profit maximize where	A. Marginal revenue = average revenue B. Marginal revenue= Marginal cost C. Marginal revenue= Average cost D. Marginal revenue = Total cost
7	Which of the following is not one of the basic economic questions.	A. What is produce B. Who to produce for C. How to produce D. How to maximize economic growth
8	Rapid increases in the price level during periods of recession or high unemployment are known as.	A. Slump B. Stagnation C. Stagflation D. Inflation
9	An increase in investment is most likely to be caused by.	A. Lower interest rates B. Lower national income C. A decreasing the marginal propensity to consume D. An increase in with drywalls.
10	Companies in the private sector are owned by	A. The government B. Shareholders C. Employees D. The community

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