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

Which one of the following would cause demand pull inflation.

Question # 2

Equilibrium occurs in a two sector model when

Question # 3

Which of the following is not included in gorses investment.

Question # 4

The costs of disinflation would be low if

Question # 5

An increase in the real wage rate will cause

Question # 6

When a person received an increase in wealth, what is likely to happen to consumption and saving.

Question # 7

Desired national saving would increase unambiguously if there were

Question # 8

An asset with zero carrying costs and a present value of Rs.50,000 will return continuous annual yield of Rs.5000 if the current and future rate of inters is.

Question # 9

Which of the following procedures is included in the process that produces a value for disposable personal income

Question # 10

Most industrial construes generally considered _______ as the most important economic goal

Question # 11

If the federal reserve whishes to increase the money supply, it should

Question # 12

An increase in total production causes the demand for money to _____ and the interest rate to ______

Question # 13

In the long run, an increase in productivity would cause output to _________ and the aggregate price level to

Question # 14

Keynes considered subjective and objective factors.

Question # 15

Find the change in revenue to the industry due to the taxs.

Question # 16

Which of the following changes shifts the SRAS curve down.

Question # 17

The major source of revenue for the government is.

Question # 18

The ratio of the change in the equilibrium level of income to a change in some automats increase in spending is the

Question # 19

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 # 20

When total utility becomes maximum then marginal utility will be.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 What is the possible cause for a falling real GNP over a period of time.
A. A general fall in the value of output though changes in quantities producted.
B. A general increase in prices
C. An increase in the value of output produced and a general increase in prices
D. A, B and C
2 Real business cycle theorists think that most business cycle fluctuations are caused by shocks to.
A. The production function
B. The size of the labor force
C. The real quantity of government purchases
D. The spending and saving decisions of consumers
3 Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment , caters parabasal increases equilibrium income and the budget.
A. Romaic's in balnce
B. Has a surplus
C. Has a deficit
D. None of these
4 Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.
A. Restrictions on bank loans
B. Increased taxes
C. Contractionary fiscal policy
D. Expansionary fiscal policy
5 Suppose your company is in equilibrium with its capital stock at the desired level A permanent decline in the expected real interest rate now has what effect on your desired capital stock
A. Raises it because the future marginal productivity of capital is higher
B. Lowers it because the future marginal productivity of capital is lower
C. Raises it because the user cost of capital is now lower
D. Lowers it because the user cost of capital is now higher
6 The costs of disinflation would be low if
A. Expected inflation falls as inflation falls
B. Wages and price controls were used
C. The Phillips curve were nearly horizontal
D. The Phillips curve adjusted slowly to changes in inflation
7 The yield curve shows
A. The yields on stocks of different maturities
B. The interest rates on bonds of different maturities.
C. The yields on stocks with differing default risk
D. The yields on bonds with differing default risk
8 After a temporary beneficial supply shock hits the economy general equilibrium is restored by
A. A shift down and to the left of the IS curve
B. A shift to the left of the FE line
C. A shift up and to the left to the LM curve
D. A shift down and to the right of the LM curve
9 Firms hire labor at the point where the
A. Nominal wage rate equals the marginal product of labor
B. Real wage rate equals the marginal revenue product of capital
C. Nominal wage rate equals the marginal revenue product of labor
D. Real wage rate equals the marginal revenue product of capital
10 The normal interest rate minus the inflation rate is the
A. Depreciation rate
B. Discount rate
C. Real interest rate
D. Forward rate

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