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

PPSC Economics Topic 3 Macro Economics

00:00
Question # 1

Money must fulfill all of the following functions except.

Question # 2

The equation for the LM curve is.

Question # 3

If GNP = 1,000 billion and the money supply is 330 billion , then the velocity of money is.

Question # 4

While resources and products flow in one direction of the circular flow model what flow the other direction.

Question # 5

What is the average money balance according to the square root rute if income is Rs.1500, each transaction cost is Rs.4, and the opportunity cost of holding money is.2%

Question # 6

Ahmed regression model yields a Durbin Watson d statistic whose value is 0.002. The results indicate.

Question # 7

When all markets in the economy are simultaneously in equilibrium we say.

Question # 8

A Rs.10 increase in autonomous investment spending shifts IS

Question # 9

The origin of the idea of a trae off between inflation and unemployment was a 1958 article by

Question # 10

When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, the long run aggregate supply curve.

Question # 11

By definition, the marginal propensity to consumes.

Question # 12

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

Question # 13

A temporary adverse productivity shock would.

Question # 14

The long run aggregate supply curve

Question # 15

The low point in the business cycle is referred to as the

Question # 16

Which of the following factors will cause the demand curve for labor to shift to the right.

Question # 17

A temporary decline in productivity would cause the IS curve to.

Question # 18

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

Question # 19

What did economist Adam Smith identity as the "invisible hand" that directs the decision making of firms and households in a market economy.

Question # 20

If sales are forecasted using an adaptive expectations model where the coefficient of adjustment .2, the sales forecast for 1986 is.

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


Topic Test

00:00

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 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
2 To avoid double counting when the GNP is estimated, economists
A. Price all goods and services bought and sold in all markets
B. Use the GNP deflator
C. Price only intermediate goods
D. Calculate value added at each stage of production.
3 Which of the following is the second law of gossen.
A. Law of equal marginal utility.
B. Law of equi product
C. Theory of indifference curve
D. Law of diminishing marginal utility.
4 Which of the following is the most liquid.
A. A savings account
B. A 6 months CD
C. A home
D. Water
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 The origin of the idea of a trae off between inflation and unemployment was a 1958 article by
A. A.W Philips
B. Edmund phelps
C. Milton Friedman
D. Robert Gordon
7 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.
8 "Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.
A. Marshall
B. Pigou
C. Pension
D. All of the above
9 The Ad, SRAS ,and LRAS curve each show a relationship between which two economic variables.
A. The aggregate price level and output
B. The aggregate price level and the interest rate
C. Output and unemployment
D. Output and the interest rate.
10 A rise in the exchange rate value of the rupee will most likely cause.
A. A dollar to be worth less in learns of other currencies.
B. Imports to decrease
C. Exports to increase
D. The balance of payments curve to shift to the left

Test Questions

Is this page helpful?