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

The term household production refers to

Question # 2

Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.

Question # 3

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

Question # 4

What is the level of savings for disposable income = Rs.5,000 if dissaving's of 50 occur at a disposable income of Rs.0 and a marginal propensity to save equal to 0.257

Question # 5

The equilibrium level of Y and I derived from the LM and IS equations above is.

Question # 6

Which of the following assets is most liquid.

Question # 7

The reason that only final sales are counted in GDP is

Question # 8

Economists use the phrase ceteris paribus to express the assumption.

Question # 9

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 # 10

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

Question # 11

The aggregate supply of labor is the

Question # 12

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 # 13

The costs of disinflation would be low if

Question # 14

The equilibrium level of income of the open economic model is.

Question # 15

Hyperinflation occurs when

Question # 16

Desired national saving would increase unambiguously if there were

Question # 17

An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________

Question # 18

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

Question # 19

An IOU of the Federal Reserve Bank of Scan Francisco to Bank of America is called.

Question # 20

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%

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 GDP difference between GNP because.
A. GDP = GNP - net factor payments from abroad
B. GNP = GDP -net factor payments from abroad
C. GDP = GNP -capital consumption allowances
D. GNP = GDP -capital consumption allowances.
2 Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.
A. Increase both imports and exports
B. Increase exports and reduce import
C. Reduce a balance of payments surplus
D. Reduce a balance of payment deficit
3 Which of the following actions is an example of expansionary fiscal policy.
A. A decrees in welfare payments
B. A purchase of government scantiest in the open market
C. A decrease in the Bank rate
D. A decrease in the corporate profits tax rates
4 According to the life cycle hypothesis consumption is related to.
A. Current income
B. Past peak income
C. Expected lifetime income
D. Price expectations over one's life time
5
Classical economics believe that in the short run.
A. Money neutrality exists and prices adjust rapidly
B. Money neutrality does not exist and prices adjust rapidly
C. Money neutrality does not exist and prices adjust rapidly
D. Money neutrality exists and prices do not adjust rapidly.
6 Which of the following is not a category of consumption spending in the national income accounts.
A. Consumer durables
B. Non durable goods
C. Services
D. Housing Purchases
7 When the Central Bank initiates actions which will lead to an increase in the supply of money IS -LM models tell us to expect that.
A. The interest rate will rise
B. The interest rate will decline
C. The price level will not change
D. Investment will decline
8 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.
9 A technological improvement will
A. Increases the desired capital stock
B. Decrease the desired capital stock
C. Have no effect on the desired capital stock
D. Have the same effect on the desired capital stock as an increase in corporate taxes.
10 The data indicates that country A in billions of rupees is experiencing a
A. A deficit of Rs.60
B. A surplus of Rs. 300
C. Deficit of Rs.900
D. A deficit of Rs. 500

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