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
Whose opinions have revolutionized the scope of macro economics.
Question # 2
An increase in total production causes the demand for money to _____ and the interest rate to ______
Question # 3
If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.
Question # 4
Which of the following is a NOT component of M-2.
Question # 5
Country A 's GNP is increasing by 3% a year in contrast to its population growth of 2.4% The rate of growth of per capita GNP is.
Question # 6
The key difference between classical and Keynesian macro economist is their differing beliefs about.
Question # 7
All of the following are obstacles to international economic policy coordination except.
Question # 8
According to the life cycle hypothesis consumption is related to.
Question # 9
Suppose the intersection of the IS and LM curves is to the left of the FE line A decrease in the price level would most likely. eliminate a disequilibrium among the asset labor and goods markets by.
Question # 10
In a simple Keynesian world assume the economy is opiating at a full employment noninflationary level worsening world conditions necessitate additional government spending of Rs.50 billion. What should be the direction of change in taxes and magnitude of change to maintain stable price and full employment equilibrium.
Question # 11
Which policy is an expenditure switching policy.
Question # 12
In the Keynesian model which curve is vertical.
Question # 13
The data indicates that country A in billions of rupees is experiencing a
Question # 14
What adjusts to restore general equilibrium after a shock to the economy.
Question # 15
A disadvantage of chain weighting is that
Question # 16
Keynesian economists think general equilibrium is not attained quickly because.
Question # 17
Economics is the science of Wealth who gave this definition.
Question # 18
The term household production refers to
Question # 19
Money must fulfill all of the following functions except.
Question # 20
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.
Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test
F
Faiza Shehzad21 - Aug - 2022
16 Min 07 Sec
20/20
S
Shiza Amir25 - May - 2022
02 Min 01 Sec
19/20
A
Amjad Ali07 - Jun - 2023
07 Min 07 Sec
13/20
M
Mazhar Shahzad20 - Aug - 2022
13 Min 02 Sec
13/20
A
Ayyaz Ahmad04 - Jun - 2024
02 Min 59 Sec
12/20
K
Kiran Naeem13 - May - 2023
03 Min 39 Sec
11/20
Y
Yasir Zada29 - May - 2022
08 Min 09 Sec
11/20
S
Shama Suleman21 - May - 2022
09 Min 36 Sec
11/20
I
ilham wahid01 - Jul - 2024
04 Min 33 Sec
10/20
T
Tahir Nawaz11 - Jan - 2024
09 Min 44 Sec
10/20
M
Mahnoor NaSir24 - May - 2022
12 Min 00 Sec
10/20
D
DJ DJ19 - Aug - 2022
12 Min 42 Sec
10/20
S
sidra Naeem22 - May - 2022
14 Min 25 Sec
10/20
Z
zaheer hussain16 - Jan - 2024
16 Min 32 Sec
10/20
A
Atiq Ur Rahman16 - Jun - 2023
19 Min 23 Sec
10/20
PPSC
Economics
Chapter 3
Important MCQ's
Sr.#
Question
Answer
1
The normal interest rate minus the inflation rate is the
A. Depreciation rate
B. Discount rate
C. Real interest rate
D. Forward rate
2
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
3
If equilibrium national income is less than the full employment the gap can be closed by.
A. Raising taxes
B. Decreasing government expenditures
C. Raising taxes and decreasing government expenditures.
D. Increasing government expenditures.
4
When the export function is Rs.100-0.2 Y , net exports are 0 when income is .
A. Rs.300
B. Rs.400
C. Rs.500
D. Rs.600
5
The marginal product of labor
A. Is measured by the slope of the production function relating capital of employment
B. Is larger when the labor supply is relatively larger
C. Is smaller when the labor supply is relatively smaller
D. Decreases as the number of workers already employed increases
6
Which theory is generally included under micro economics.
A. Price theory
B. Income theory
C. Employment theory
D. None of the above
7
Whose opinions have revolutionized the scope of macro economics.
A. Adam Smith
B. J.B. Say
C. J.M. Keynes
D. All of the above
8
During inflation.
A. Lenders lose borrowers gain.
B. Borrowers lose , lenders gain
C. The real interest rate rises
D. Borrowers and lenders both lose.
9
A decline expected future output would cause the IS curve to.
A. Shift up and to the right
B. Shift down and to the left
C. Remain unchanged
D. shift up and to the right only if people face borrowing constratints.
10
The equation for a givne production function is Q = K2 + KL, initially K = 2 and L = 1 if the value of both inputs is doubted the production function exhibite.
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