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

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PPSC Economics Topic 3 Macro Economics

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Question # 1

Disinflationary demand management policies.

Question # 2

The MPS = 0.4 and government spending increases by 20 billion. The LM curve

Question # 3

Banks can create money

Question # 4

The measured of GDP includes

Question # 5

The main cause of cyclical unemployment is that.

Question # 6

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

Question # 7

Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.

Question # 8

Keynesian economists think general equilibrium is not attained quickly because.

Question # 9

An increase in the marginal propensity to import.

Question # 10

Which one of the following would cause demand pull inflation.

Question # 11

Desired national saving would increase unambiguously if there were

Question # 12

Which theory is generally included under micro economics.

Question # 13

The Keynesian theory is consistent with the business cycle fact that inflation is

Question # 14

If the reserve deposit ratio is 0.25 and the ratio of currency in circulation to deposits is 0.3, the potential money multiplier will have a value of.

Question # 15

If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.

Question # 16

Deflation occurs only when

Question # 17

Which of the following is an economic activity.

Question # 18

In the Keynesian model in the long run an increase in the money supply will raise

Question # 19

A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the

Question # 20

What is the possible cause for a falling real GNP over a period of time.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The aggregate demand curve
A. Is vertical
B. Slopes upward
C. Is horizontal
D. Slopes downward
2 Which policy is an expenditure switching policy.
A. Increase in the money supply
B. Decrease in government expensitures
C. Increase in business and household taxes
D. Decrease in import tariffs
3 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.
A. Rs.941 to Rs. 979
B. Rs.900 to Rs. 1,020
C. Rs.821 to Rs.859
D. Rs.780 to Rs.900
4 To ensure that the fundamental identity of national income accounting holds changes in inventories are.
A. Ignored
B. Counted as consumption
C. Treated as part of saving
D. Treated as part of expenditure
5 In the efficiency wage model with the efficiency wage above the market clearing wage when employment is at its full employment level.
A. Labor supply equals labor demand
B. There is an excess supply of labor
C. there is an excess demand for labor
D. There could be either an excess demand for or an excess supply of labor
6 If the quantity of money demands is less than the quantity of money supplied then the interest rate will.
A. Either increases or decrease, depending on the amount of excess demand.
B. Increase
C. Decrease
D. not change
7 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.
A. Rs.7500
B. Rs.2500
C. Rs.5000
D. Rs.30,000
8 Over a two year period your income has increased 10% At the same time the consumer price index has increased 205 Your real purchasing power is.
A. 92% of the original value
B. 50% of its original value
C. Not affected by the price change
D. 109% of its original value
9 In the Keynesian model in the long run an increase in the money supply will raise
A. The price level but not the level of output
B. The level of output but not the price level
C. Both the level of output and the price level
D. Neither the level of output nor the price level
10 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.

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