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
Country A 's GNP is increasing by 3% a year in contrast to its population growth of 2.4% The rate of growth of per capita GNP is.
Question # 2
In the Keynesian model in the long run a decrease in the money supply will cause ___ in the interest rate and _____ in the price level.
Question # 3
According to classical economists the economy.
Question # 4
An increase in the marginal propensity to import.
Question # 5
In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.
Question # 6
Which of the following macro economics variables is a cyclical.
Question # 7
In the long run an increase in government purchases of military equipment would cause output to _________ and the aggregate price level to
Question # 8
If equilibrium national income is less than the full employment the gap can be closed by.
Question # 9
In a mixed economy the economic decisions of what to produce how to produce, and who will receive products are made by
Question # 10
An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________
Question # 11
A variable whose value is determined witching an economic theory or model is.
Question # 12
O kun's Law states that for each percentage point by which the unemployment rate is above the natural rate real GNP is 3% below potential GNP, if real GNP is Rs. 3,800 billion with the actual level of unemployment at 6.05 and the natural rate of unemployment at 4.5% then according to Okun's law the GNP gap is.
Question # 13
Economic planning by enteral government agencies is primarily associated with
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
Keynes considered subjective and objective factors.
Question # 16
The equilibrium level of Y and I derived from the LM and IS equations above is.
Question # 17
The impact of contractionary fiscal policy, according to new classical theory is that.
Question # 18
In the long run an increase in consumer spending would cause output to ________ and the price level to.___________
Question # 19
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 # 20
"Economics is what economists do " It has been supported by.
Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test
F
Faiza Shehzad21 - Aug - 2022
16 Min 07 Sec
20/20
S
Shiza Amir25 - May - 2022
02 Min 01 Sec
19/20
A
Amjad Ali07 - Jun - 2023
07 Min 07 Sec
13/20
M
Mazhar Shahzad20 - Aug - 2022
13 Min 02 Sec
13/20
A
Ayyaz Ahmad04 - Jun - 2024
02 Min 59 Sec
12/20
K
Kiran Naeem13 - May - 2023
03 Min 39 Sec
11/20
Y
Yasir Zada29 - May - 2022
08 Min 09 Sec
11/20
S
Shama Suleman21 - May - 2022
09 Min 36 Sec
11/20
I
ilham wahid01 - Jul - 2024
04 Min 33 Sec
10/20
T
Tahir Nawaz11 - Jan - 2024
09 Min 44 Sec
10/20
M
Mahnoor NaSir24 - May - 2022
12 Min 00 Sec
10/20
D
DJ DJ19 - Aug - 2022
12 Min 42 Sec
10/20
S
sidra Naeem22 - May - 2022
14 Min 25 Sec
10/20
Z
zaheer hussain16 - Jan - 2024
16 Min 32 Sec
10/20
A
Atiq Ur Rahman16 - Jun - 2023
19 Min 23 Sec
10/20
PPSC
Economics
Chapter 3
Important MCQ's
Sr.#
Question
Answer
1
If a Canadian dollar costs 0.75 in terms of U.S. dollars, how much Canadian money would an American need to spend in Canada to get a dollar's worth of U.S. value.
A. 25$
B. 99$
C. Rs.1.25
D. Rs.1.13
2
Which of the following changes shifts the SRAS curve down.
A. An increase in the labor force
B. An increase in the money supply
C. A decrease in government purchases
D. A decrease in firms costs
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
Find the revenue the government collects as a result of the tax
A. Rs.10 million
B. Rs.40 million
C. Rs.16 million
D. Rs.30 million
5
Which of the following macroeconomic variables is procyclical and lags the business cycle.
A. Business fixed investment
B. Empolyment
C. Stock prices
D. Nominal interest rates
6
According to Keynesian macro economics price adjust _____ to shocks, so the government should.
A. Slowly ; do little
B. Rapidly ; do little
C. Rapidly ; fight recessions
D. Slowly ; fight recessions
7
An invention that speeds up the internet is an example of.
A. An income effect
B. An increase in labor
C. A substitution effect
D. A supply shock
8
"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.
A. Marshall
B. Pigou
C. Pension
D. All of the above
9
Country A 's GNP is increasing by 3% a year in contrast to its population growth of 2.4% The rate of growth of per capita GNP is.
A. 3%
B. 0.85
C. 0.6%
D. 2.4%
10
When an increase in government spending is matched by an equal decrease in government transfers the income level will.
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