PPSC Economics Topic 3 MCQS Test Preparation

Are you getting prepared for the PPSC economics test to appear for the upcoming positions? Well, you are offered the best wishes for your attempt. However, at the same time, the team of Ilmkidunya invites all the candidates to get a better solution for PPSC examination preparation. Students can find sample PPSC online tests. These tests will make the students able to know the exact paper pattern and also help them to sort out the important questions according to examination. Here on this page, the test of Topic 3, Macroeconomics is offered. However, students can also attempt the tests of other Topic through separate sections and pages.

MCQ's Test For PPSC Economics Topic 3 Macro Economics

Try The MCQ's Test For PPSC Economics Topic 3 Macro Economics

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PPSC Economics Topic 3 Macro Economics

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Question # 1

When the supply of money increases.

Question # 2

Given the saving equation S = - 50 + 0, 20 Y, where s is saving and Y is income.

Question # 3

Money must fulfill all of the following functions except.

Question # 4

The value of a household's assets minus the value of its liabilities is called.

Question # 5

For a borrower an increase in the real interest rate will lead to.

Question # 6

Suppose the government provides a tax cut today that is matched by a tax increase in the future that's equal in present value to the tax cut This causes a consumer's saving to.

Question # 7

Using the Keynesian model , the effect of a decrease in the effective tax rate on capital would be to cause_____ in the real interest rate and __ in output in the long run.

Question # 8

According to classical economists unemployment rises in recessions due to an increase in ______ unemployment , not in _______ unemployment.

Question # 9

If personal income equals Rs.570 white personal income takes equal Rs.90 consumption is Rs.430. interest payments total Rs. 10 and personal saving is Rs. 40, disposable income equals.

Question # 10

Which one of the following would cause demand pull inflation.

Question # 11

Suppose nominal GNP is Rs.500 in year 1, the base year If the GNP deflator doubles by year 6 while real output has increased 40% nominal output in year 6 equals.

Question # 12

As the economy nears full capacity the short run aggregate supply curve

Question # 13

Which theory is generally included under micro economics.

Question # 14

Which of the following changes shifts the SRAS curve up.

Question # 15

The yield curve shows

Question # 16

When all markets in the economy are simultaneously in equilibrium we say.

Question # 17

To ensure that the fundamental identity of national income accounting holds changes in inventories are.

Question # 18

A disadvantage of the barter system is that

Question # 19

A Rs.10 increase in autonomous investment spending shifts IS

Question # 20

In the expenditure approach to GDP which of the following would be excluded from measurement of GDP.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 In a private sector model
A. Household saving is a leakage from the circular flow
B. Investment is a spending injection
C. All of the above
D. None of the above
2 Banks can create money
A. Only by illegally printing additional dollar bills
B. By paying interest to their depositors
C. By making loans that result in additional deposits
D. By offering financial services, such as stick market brokerage
3 The risk free rate of interest would not be affected by.
A. Changes in real output
B. Change in the money supply
C. Term to maturity
D. None of the above
4 The origin of the idea of a trae off between inflation and unemployment was a 1958 article by
A. A.W Philips
B. Edmund phelps
C. Milton Friedman
D. Robert Gordon
5 Which of the following is not included in gorses investment.
A. Business and residential constrcution.
B. Expenditures on consumer goods
C. Additions to business inventory
D. Expenditures on machinery
6 Under law of demand.
A. Price of commodity is an independent variable
B. Quantity demanded is a dependent variable
C. Reciprocal relationship is found between price and quantity demandded
D. All of the above
7 Deflation occurs only when
A. Some prices fall but average prices still rise
B. All prices for all goods fall
C. The average price level falls
D. The average price level increases bat at a slower rate than before
8 The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.
A. The marginal product of labor is positive
B. The marginal product of capital is positive
C. There is diminishing marginal productivity of labor
D. There is diminishing marginal productivity of capital
9 An increase in the expected real interest rate tends to.
A. Raise desired saving only
B. Raise desired investment only
C. Raise both desired savings and desired investment
D. Raise desired savings, but lower desired investment.
10 Which of the following is the second law of gossen.
A. Law of equal marginal utility.
B. Law of equi product
C. Theory of indifference curve
D. Law of diminishing marginal utility.

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