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

  • Total Questions20

  • Time Allowed20

Start Test Download PDF

PPSC Economics Topic 3 Macro Economics

00:00
Question # 1

In which of the following situations will an increase in the money supply have no effect upon equilibrium income.

Question # 2

A decrease in wealth would cause the IS curve to

Question # 3

To avoid double counting when the GNP is estimated, economists

Question # 4

Whose opinions have revolutionized the scope of macro economics.

Question # 5

Ahmed uses dummy variables in order to determine the monthly seasonal effect in her regression model. The number of dummy variables used will be.

Question # 6

In the long run a reduction in labor supply would cause output to _______ and the aggregate price level to.

Question # 7

When planned saving is greater than planned investment.

Question # 8

Peaks and trough of the business cycle are known collectively as.

Question # 9

According to classical economists the economy.

Question # 10

Which of the following macroeconomic variables is procyclical and lags the business cycle.

Question # 11

Appreciation of the U.S. dollar results in.

Question # 12

The long run aggregate supply curve.

Question # 13

Full- employment output is the level of output that firms in the economy supply when

Question # 14

A temporary adverse productivity shock would.

Question # 15

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 # 16

"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.

Question # 17

Which of the following macro economics variables is a cyclical.

Question # 18

The government budget surplus equals

Question # 19

Which of the following is the second law of gossen.

Question # 20

The marginal product of labor

Submit

Prepare Complete Set Wise PPSC Economics Topic 3 Macro Economics MCQs Online With Answers


Topic Test

00:00
Submit

Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test

  • F
    Faiza Shehzad 21 - Aug - 2022 16 Min 07 Sec 20/20
  • S
    Shiza Amir 25 - May - 2022 02 Min 01 Sec 19/20
  • A
    Amjad Ali 07 - Jun - 2023 07 Min 07 Sec 13/20
  • M
    Mazhar Shahzad 20 - Aug - 2022 13 Min 02 Sec 13/20
  • A
    Ayyaz Ahmad 04 - Jun - 2024 02 Min 59 Sec 12/20
  • K
    Kiran Naeem 13 - May - 2023 03 Min 39 Sec 11/20
  • Y
    Yasir Zada 29 - May - 2022 08 Min 09 Sec 11/20
  • S
    Shama Suleman 21 - May - 2022 09 Min 36 Sec 11/20
  • I
    ilham wahid 01 - Jul - 2024 04 Min 33 Sec 10/20
  • T
    Tahir Nawaz 11 - Jan - 2024 09 Min 44 Sec 10/20
  • M
    Mahnoor NaSir 24 - May - 2022 12 Min 00 Sec 10/20
  • D
    DJ DJ 19 - Aug - 2022 12 Min 42 Sec 10/20
  • S
    sidra Naeem 22 - May - 2022 14 Min 25 Sec 10/20
  • Z
    zaheer hussain 16 - Jan - 2024 16 Min 32 Sec 10/20
  • A
    Atiq Ur Rahman 16 - Jun - 2023 19 Min 23 Sec 10/20

PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Which of the following methods is used for internalizaing positive externalities
A. Positive taxes
B. Government exchange of property rights
C. Effluent fees
D. Corrective substidies
2 In the Keynesian model in the long run a decrease in the money supply will cause ___ in the interest rate and _____ in the price level.
A. An increase ; an increase
B. A decrease ; a decrees
C. No change ; an increase
D. No change ; a decrease
3 If the price level for an economy was 100 in 1984 , 115 in 1985 and 125 in 1986 the rate of inflation between 1985 and 1986 was.
A. 105
B. 8%
C. 8.7%
D. 17.5%
4 Which of the following is an economic activity.
A. Teaching of a teacher in the school.
B. To teach son at home
C. To serve her child by mother
D. to play foot ball by a student
5 If the federal reserve whishes to increase the money supply, it should
A. Raise the reserve requirement
B. Raise the discount rate
C. Buy Treasury securities in the open the market
D. All of the above
6 The measured of GDP includes
A. Non market goods such as home making and child rearing
B. The benefits of clean air and water
C. Estimated values of activity in the underground economy
D. Purchases and sales of goods produced in previous periods
7 When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.
A. Expanding the U.S. money supply
B. Increasing government spending
C. Increasing taxes
D. Lowering interest rates in the united states.
8 The aggregate supply of labor is the
A. Total amount of time a person works over his or her lifetime
B. Total amount of time a person spend in the labor force over his or her life time
C. Unemployment rate
D. Sum of the labor supplied by everyone in the economy
9 The substitution effect of a decrease in real interest rates is to cause a consumer to.
A. Increase future consumption and decrease current consumption
B. Decrease future consumption and increase current consumption
C. Increase current consumption and increase saving
D. Decrease current consumption and increase saving.
10 When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.
A. Rs. 100
B. Rs. 400
C. Rs.500
D. Rs.1000

Test Questions

Is this page helpful?