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

00:00
Question # 1

The fraction of additional current income that a person consumes in the current period is known as the

Question # 2

Which of the following methods is used for internalizaing positive externalities

Question # 3

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

Question # 4

Which of the following is the second law of gossen.

Question # 5

Which of the following will not result in an increase in the level of income.

Question # 6

If the quantity of money demands is less than the quantity of money supplied then the interest rate will.

Question # 7

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

Question # 8

Hyperinflation occurs when

Question # 9

A rise in the exchange rate value of the rupee will most likely cause.

Question # 10

In the long run an increase in consumer spending would cause output to ________ and the price level to.___________

Question # 11

A Rs.10 increase in autonomous investment spending shifts IS

Question # 12

The use of micro economics policies to smooth or moderate the business cycle is known as.

Question # 13

According to classical economists the economy.

Question # 14

When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.

Question # 15

Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.

Question # 16

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

Question # 17

In a model in which there is no government new investment capital replacement or international trade the market value of final output equals.

Question # 18

Economic planning by enteral government agencies is primarily associated with

Question # 19

Which of the following changes shifts the long run aggregate supply curve to the right.

Question # 20

The Keynesian theory is consistent with the business cycle fact that inflation is

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 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%
A. 387
B. 50
C. 175
D. 203
2 Find the change in revenue to the industry due to the taxs.
A. Rs. 40 billion
B. Rs. 34 million
C. Rs.25 million
D. Rs.36 Million.
3 Given the data above, the empirical equation for the IS curve is.
A. Y = 275 + 10 i
B. Y = 225 + 50 i
C. Y = 250 - 10 i
D. Y = 275 - 501
4 The equation for the LM curve is.
A. Y = 100 -50 i
B. Y = 50 + 50 i
C. Y = 50 - 80 i
D. Y = 80 + 50 i
5 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.
A. An increase ; an increase
B. A decrease ; a decrees
C. No change ; an increase
D. No change ; a decrease
6 Using the Keynesian model the effect of an increase in the effective tax rate on capital would be to cause _________ in the real interest rate and ______ in output in the short run.
A. A decrease ; a decrease
B. A decrease ; no change
C. No change ; a decrease
D. An increase ; an increase
7 If the economy is in equilibrium at Rs. 180 billion and taxes are reduced by Rs.20 billion, find the new equilibrium given that this is a simple economy i.e. exogenous government spending tax collection and investment spending and a marginal propensity to consume of . .75
A. 60
B. 200
C. 250
D. 240
8 Ineven A occurs the payoff will be Rs.5,670.00 . the probability of event A occurring is .87 What is the expected payoff of event A.
A. Rs.5,670.00 9d)
B. Rs.4,832.10
C. Rs. 4,932.90
D. Rs.5000.00
9 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
10 According to Okun's law an increase in the unemployment rate will cause_______ in the level of empolyment and __ in the level of output.
A. An increase ; an increase
B. An increase; a decrease
C. A decrease ; an increase
D. a decrease ; a decrease

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