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 group of modern economists who believe that price and wage rigidities do not provide the only rationale for macroeconomic policy activism are called.

Question # 2

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

Question # 3

The risk free rate of interest would not be affected by.

Question # 4

At point of satiety marginal utilityis.

Question # 5

The monetary base in composed of.

Question # 6

Which one of the following would cause demand pull inflation.

Question # 7

Which of the following changes shifts the SRAS curve down.

Question # 8

The costs of disinflation would be low if

Question # 9

A decrease in wealth would cause the IS curve to

Question # 10

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 # 11

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

Question # 12

The sign of the simple correlation coefficient is determined by

Question # 13

In long run a reduction in labor supply would cause output to __ and the aggregate price level to.

Question # 14

The through of a business cycle occurs when ______ hits its lowest point.

Question # 15

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 # 16

If nominal GNP were Rs.1000 ballooning 1976 and Rs.2200 billion in 1986, and the implicit GNP deflator was. 1.2 in 1976 and 1.6 in 1986 concluded that .

Question # 17

All of the following are obstacles to international economic policy coordination except.

Question # 18

Suppose there is full employment and a neoclassical aggregate supply schedule A 105 increases in the nominal money supply.

Question # 19

The dynamic aggregate demand schedule shifts rightward when there is an increase in.

Question # 20

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

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The fact that the production function relating output to labor 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
2 Whose opinions have revolutionized the scope of macro economics.
A. Adam Smith
B. J.B. Say
C. J.M. Keynes
D. All of the above
3 If government tax function is T = 80 + .6 Y and the marginal propensity to consume is a constant 8 and increase in GNP of Rs.50 would cause consumption to.
A. Increase by Rs.16
B. Decrease by Rs.16
C. Increase by Rs.40
D. Decrease by Rs.30
4 When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.
A. Rs. 100
B. Rs. 400
C. Rs.500
D. Rs.1000
5 The equation for a givne production function is Q = K2 + KL, initially K = 2 and L = 1 if the value of both inputs is doubted the production function exhibite.
A. Increasing returns to scale
B. Diseconomies of scale
C. Constant returns to scale
D. Economies of scale
6 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.
7 Desired national saving would increase unambiguously if there were
A. An increase in current output and expected future output
B. An increase in expected future output and government purchases
C. An increase in expected future output and the expected real interest rate
D. A fall in both government purchases and expected future output
8 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
9 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
10 The short run impact of unanticipated expansionary monetary policy is that.
A. Real output decrease
B. Employment decreases
C. Real interest rates decrease
D. Profit margins decrease

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