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

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.

Question # 2

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

Question # 3

An increase in the expected real interest rate tends to.

Question # 4

In a mixed economy the economic decisions of what to produce how to produce, and who will receive products are made by

Question # 5

An efficient economy is an economy

Question # 6

When desired national saving equals desired national investment what market is in equilibrium.

Question # 7

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

Question # 8

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

Question # 9

A firm's total labor cost when six workers are employed is Rs.580 When seven workers are employed the total labor cost is Rs.700 the Rs. 120 change in total labor cost represents.

Question # 10

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

Question # 11

Capital goods are

Question # 12

When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward.

Question # 13

The hypothesis would the tested with

Question # 14

The appropriate expenditure switching policy to correct a balance of payments deficit is.

Question # 15

The major source of revenue for the government is.

Question # 16

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

Question # 17

A variable whose value is determined witching an economic theory or model is.

Question # 18

The long run Phillips curve is

Question # 19

The reason that only final sales are counted in GDP is

Question # 20

Which theory is generally included under micro economics.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 All of the following are obstacles to international economic policy coordination except.
A. Different national objectives are institutions
B. Different national political climates
C. Different phases in the business cycle
D. Different national currencies.
2 If the rate of growth of a full employment labor forc eis 1.55 and 2.55 then the celling rate of growth of real GNP, according to Hick's theory of a constrained business cycle,is.
A. 1.5 %
B. 2.55
C. 4.0%
D. 1.7%
3 A change that increases the real money supply relative to real money demand causes.
A. The LM curve to shift down and to the right.
B. The LM curve to shift up and to the left
C. The IS curve to shift down and to the left
D. The IS curve to shift up and to the right.
4 In which of the following situations will an increase in the money supply have no effect upon equilibrium income.
A. LM is steeply sloped and IS is relatively flat
B. LM is vertical and IS si steeply sloped
C. LM is steeply sloped and IS is vertical
D. LM is relatively flat as is IS
5 When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, the long run aggregate supply curve.
A. slopes upward
B. Sloped downward
C. Is vertical
D. Is horizontal
6 The low point in the business cycle is referred to as the
A. Expansion
B. Boom
C. Trough
D. Peak
7 The marginal product of labor
A. Is measured by the slope of the production function relating capital of employment
B. Is larger when the labor supply is relatively larger
C. Is smaller when the labor supply is relatively smaller
D. Decreases as the number of workers already employed increases
8 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
9 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
10 The government budget surplus equals
A. Government purchases plus transfers
B. Net government receipts minus government purchases
C. Government purchases minus net receipts
D. Government purchases minus transfers.

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