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

Find the revenue the government collects as a result of the tax

Question # 2

The estimated regression coefficient for good Y indicates

Question # 3

A beneficial supply shock would cause.

Question # 4

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 # 5

Which of the following macro economic variables is procyclical and coincident with the business cycle.

Question # 6

The long run Phillips curve is

Question # 7

The nominal interest rate minus the inflation rate is the

Question # 8

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.

Question # 9

The impact of contractionary fiscal policy, according to new classical theory is that.

Question # 10

A Rs.10 increase in autonomous investment spending shifts is.

Question # 11

When a British pound equals Rs. 1.60 and the French France equals Rs. 0.40 the ability to earn infinite profit if it were not the case, implies that the exchange rate would be.

Question # 12

Which of the following changes shifts the AD curve down and to the left.

Question # 13

In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.

Question # 14

In closed economic model aggregate demand is not sensitive to.

Question # 15

Industries that are extremely sensitive to the business cycle are the.

Question # 16

Which of the following changes shifts the SRAS curve up.

Question # 17

Which of the following is incorrect with respect to the consumption diagram.

Question # 18

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

Question # 19

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 # 20

In the Keynesian model which curve is vertical.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 If nominal GNP were Rs.1000 ballooning 1976 and Rs.2200 billion in 1986, and the implicit GNP deflator was. 1.2 in 1976 and 1.6 in 1986 concluded that .
A. Real GNP increased by approximately Rs. 542 billion from 1976 to 1986
B. The price level fell from 1976 to 1986
C. Real GNP increased by 35%
D. Nominal GNP increased by 80%
2 An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.
A. The LM curve
B. The IS curve
C. The FE line
D. The labor demand curve
3 A model in which individual producers act as price setters because there are only a few sellers and the product they sell is not standardized, is called.
A. Imperfect competition
B. Perfect competition
C. Monopoly
D. Monopsony
4 In the long run, an increase in productivity would cause output to _________ and the aggregate price level to
A. fall ; rise
B. fall ; fall
C. rise ; fall
D. rise ; rise
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.
A. 3%
B. 0.85
C. 0.6%
D. 2.4%
6 Which of the following assets is most liquid.
A. Shares of stock in IBM
B. Land
C. Gold
D. Currency
7 Economic planning by enteral government agencies is primarily associated with
A. command economies
B. Market economies
C. Laissez faire economies
D. Market faire economies
8 "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
9 The reduction of the inflation rate is called
A. Deflation
B. Disinflation
C. Inflation
D. Reflation
10 Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.
A. A change in the production function
B. A change in the size of the labor force
C. A change in the money supply
D. A change in the real quantity of government purchases

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