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

In the product market of the circular flow model.

Question # 2

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

Question # 3

An expenditure reducing policy would consist of a decrease in

Question # 4

The long run aggregate supply curve.

Question # 5

An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.

Question # 6

Whose opinions have revolutionized the scope of macro economics.

Question # 7

Which of the following represents monetary policy geared to increases the supply of money.

Question # 8

Which of the following is not included in gorses investment.

Question # 9

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 # 10

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

Question # 11

Which of the following is an economic activity.

Question # 12

If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP

Question # 13

A decrease in the marginal propensity to import will lead to.

Question # 14

The key difference between classical and Keynesian macro economist is their differing beliefs about.

Question # 15

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 # 16

Suppose there is full employment and positively sloped aggregate supply schedule A decrees in taxes increases.

Question # 17

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

Question # 18

Which of the following events would lead to an increase in the marginal product lf labor for every equantity labor.

Question # 19

The nominal interest rate minus the inflation rate 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 Appreciation of the U.S. dollar results in.
A. U.S. tourists traveling abroad being worse off
B. U.S. imports increasing.
C. Foreign currency buying more U.S. goods and services.
D. No change iin foreign pucchases or sales.
2 The main cause of cyclical unemployment is that.
A. Firms engage in race gender and sex discrimination in their hiring practices.
B. Some induvial do not have marketable job skills.
C. the level of overall economic activity fluctuates
D. Workers offer voluntarily quit a job to look for a better job.
3 The gift exchange motive suggests that
A. Workers value benefits like health insurance more than job security
B. Workers prefer a nice work environment even if they must accept lower wages.
C. Workers who feel well treated will work harder and more efficiently
D. Workers will shirk if they are paid a low wage
4 Under law of demand.
A. Price of commodity is an independent variable
B. Quantity demanded is a dependent variable
C. Reciprocal relationship is found between price and quantity demandded
D. All of the above
5 The estimated regression coefficient for good Y indicates
A. Goods X and Y are independent goods
B. Good Y is relatively elastic
C. Good Y is a luxury good
D. Goods X and Y are complementary goods
6 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.
A. Rs. 500
B. Rs.480
C. Rs. 470
D. Rs.400
7 The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.
A. The marginal product of labor is positive
B. The marginal product of capital is positive
C. There is diminishing marginal productivity of labor
D. There is diminishing marginal productivity of capital
8 The value of a producer's output minus the value of the inputs if purchases from other producers is called the producer's
A. Surplus
B. Profit
C. Gross product
D. Value added
9 When total utility becomes maximum then marginal utility will be.
A. Minimum
B. Average
C. Zero
D. Negative
10 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.

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