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

An import function is 100+0.1 Y and exports are exogenous. If income (Y) is 500, and there is a trade deficit of 50, then exports are.

Question # 2

By definition, the marginal propensity to consumes.

Question # 3

Desired national saving would increase unambiguously if there were

Question # 4

An economics variable that moves in the same direction as aggregate economic activity is called.

Question # 5

A commercial bank has a required reserve ratio of 20% and desires to hold 5% in excess reserves. the bank receives a Rs. 10,000 deposit. It it abides by the required reserve ration and its desire to hold excess reserves the bank can make a loan of a most.

Question # 6

The estimated regression coefficient for good Y indicates

Question # 7

Marginal utility is equal to average utility at that time when average utility is.

Question # 8

In the efficiency wage model if the real wage is higher than the market clearing wage so that there in an excess supply of labor.

Question # 9

The main cause of cyclical unemployment is that.

Question # 10

The IS curve shows the combinations of output and the real interest rate for which.

Question # 11

The two main characteristics of the production function are.

Question # 12

The regression equation for consumption as a function of disposable income is C = -60 + 0.90Y .the standard error of Y is 30 and the standard error of estimate is 9.5 What is the 95% confidence interval for C when Y is Rs. 1000 billion.

Question # 13

Which of the following methods is used for internalizaing positive externalities

Question # 14

The equation for the LM curve is.

Question # 15

Economics is the science of Wealth who gave this definition.

Question # 16

Suppose there is full employment and a neoclassical aggregate supply schedule A 105 increases in the nominal money supply.

Question # 17

Assuming that money is neutral an increase in the nominal money supply would causes.

Question # 18

The break even level of income where C = Y is

Question # 19

The practice of using fiscal and monetary policy to stabilize the economy is known as.

Question # 20

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

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.
A. Capital flow restrictions
B. Export quotas
C. Export subsidies
D. Import tariffs
2 "An Enquiry into the Nature and causes of wealth of Nations" is thebook of economist.
A. Adam smith
B. Marshall
C. Robbins
D. None of above
3 Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.
A. Increase both imports and exports
B. Increase exports and reduce import
C. Reduce a balance of payments surplus
D. Reduce a balance of payment deficit
4 For a borrower an increase in the real interest rate will lead to.
A. Higher current consumption and less borrowing
B. Higher current consumption and less saving
C. Lower current consumption and less borrowing
D. Lower current consumption and less saving
5 When GNP is Rs.500 billion and consumption expenditures are Rs.300 billion.
A. the MPC is 6
B. The MPS is 4
C. The Multiplier is 2.5
D. None of the above
6 What tow factors should you equate in deciding how many workers to employ.
A. The marginal product of labor and the marginal product of capital
B. The marginal product of labor and the real wage rate
C. The marginal product of labor and the real interest rate
D. The marginal product of capital and the real wage rate
7 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.
A. 3%
B. 0.85
C. 0.6%
D. 2.4%
8 The main cause of cyclical unemployment is that.
A. Firms engage in race gender and sex discrimination in their hiring practices.
B. Some induvial do not have marketable job skills.
C. the level of overall economic activity fluctuates
D. Workers offer voluntarily quit a job to look for a better job.
9 The valued of expenditure multiplier relates.
A. The change in autonomous spending to the change in income
B. the change in consumption to change in income
C. The change in come to the change is consumption
D. The change in income to the change in autonomous spending.
10 By definition, the marginal propensity to consumes.
A. Equals OC/A Yd
B. Is the behavioral coefficient c in the equation C = C + cYd
C. Is the slops of the consumption function.
D. All of the above

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