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 best defines price discrimination.

Question # 2

There are three fundamental questions every society must answer Which of the following is one of these questions.

Question # 3

An injection of funds into a less developed country might set off the

Question # 4

Acquisition and merger are examples of.

Question # 5

In monopolistic competition if firms are making abnormal profit other firms will enter and

Question # 6

Gross National product equals

Question # 7

Which of the following is a normative statement in economics.

Question # 8

The best describes consumer surplus.

Question # 9

Can economic theories be tested.

Question # 10

Market is called father of economics

Question # 11

If injection are less than with drawls at the full employment level of national income there is.

Question # 12

The average variable cost curve.

Question # 13

Injection are

Question # 14

Economic growth can be measured by

Question # 15

If there is cyclical unemployment in the economy the government might.

Question # 16

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

Question # 17

Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by.

Question # 18

Profit making is basic motive in.

Question # 19

Human wants are

Question # 20

To anticipate what the economy is going to do next the government will look at.

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Economics
1st Chapter

PPSC Economics Chapter 1 Test

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PPSC Economics Chapter 1 Important MCQ's

Sr.# Question Answer
1 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
2 Which of the following is not one of the four Ps in marketing.
A. Product
B. Price
C. Place
D. Presence
3 Which of the following is not a global organization?
A. IMF
B. World bank
C. Competition commission
D. WTO
4 Finding a partner to work with abroad is called a.
A. Takeover
B. Merger
C. Acquisition
D. Joint venture
5 Economic growth can be measured by
A. The CPI
B. The CBI
C. GDP
D. MPC
6 If employees cannot accept a job because of the costs of moving this is known as.
A. Occupational immobility
B. Cyclical unemployment
C. Structural immobility
D. Geographical immobility
7 Profit making is basic motive in.
A. Socialism
B. Mixed economy
C. Communism
D. Capitalism
8 If demand increase in a market this will usually lead to.
A. A higher equilibrium price and output
B. a lower equilibrium price and higher output
C. A lower equilibrium price and output.
D. A higher equilibrium price and lower output
9 Which of the following is not a way of helping developing economics.
A. Aid
B. Loans
C. Protectionism of developed markets
D. Training and education programmes
10 Which does the government not control directly.
A. Spending on health
B. spending on defense
C. Firm's investment decisions
D. spending on education

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