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

  • Total Questions20

  • Time Allowed20

Start Test Download PDF

PPSC Economics Topic 1 Basic Economics

00:00
Question # 1

Horizontal integration may lead to internal economics of scale. Which of the following is not a type of internal economy of scale.

Question # 2

Supply side policies are most appropriate to cure.

Question # 3

The marginal Revenue product is.

Question # 4

If the price was fixed below the equilibrium price there would be.

Question # 5

If marginal utility is zero.

Question # 6

The price mechanism cannot.

Question # 7

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

Question # 8

According to the quantity theory of money an increase in the money supply is most likely to lead ot inflation if

Question # 9

If inflationary expectations increase, the short run Phillip's curve will

Question # 10

In a command economy

Question # 11

A significant increase in the government budget deficit is likely to.

Question # 12

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

Question # 13

Price equal to.

Question # 14

Japan's low interest rates in the mid 80's were due to.

Question # 15

Economics given can be shown by

Question # 16

Aggregate demand refers to the total demand for all domestically produced goods and services in an economy generated from.

Question # 17

If the fprice in a market is fixed by the government below equilibrium.

Question # 18

Which of the following is not a supply side measure.

Question # 19

In perfect competition.

Question # 20

An increase in aggregate demand will have most effect on prices if.

Submit

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


Topic Test

00:00
Submit
 
Economics
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.

Start Chapter 1 Test

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 Economics given can be shown by
A. An inward shift of the production possibility frontier
B. A movement down the production possibility frontier
C. An outward shift of the production possibility frontier
D. A movement up the production possibility frontier
2 If the price is less than the average cost but higher than the average variable costs.
A. The firm is making a loss and will should own in the short term.
B. The firm is making a profit.
C. The firm is making a loss but will continue to produce in the short term
D. The firm is making a loss and is making a negative contribution to fixed costs
3 Investment is an out stable element of aggregate demand because is depends heavily on.
A. Government policy
B. Expectations
C. National income
D. Historic trends
4 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
5 For equilibrium in an open four sector economy
A. Actual injections = actual withdrawals
B. Planned injections = Planned withdrawals
C. Savings = investment
D. Government spending = tax revenue
6 Globalization is likely to increase with
A. More protectionism
B. An increase in tariffs
C. More trade within countries
D. Greater trade flows between countries
7 A contraction in supply occurs when
A. Demand shifts out wards
B. The supply curve shifts inwards
C. The quantity supplied falls when the price falls
D. The supply curve shifts outwards
8 In economics we ofthe say that a particular event will occur "as long as other things stay the same. " The conduction that other thing saty the same is also called.
A. Ceteris paribus
B. Marginal decision making
C. Incentives
D. Secondary effects
9 Developing economies usually
A. Have large industrialized sectors
B. Are dependent on primary products
C. Have high levels of wealth
D. Earn more from exports than is spent on imports
10 The public sector includes.
A. Investors owning companies
B. Government ownership of assets
C. Market forces of supply and demand
D. All trade via barter

Test Questions

Share your comments & questions here

Guest

  • No comments yet. Be the first to comment!