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

Which of the following changes shifts the SRAS curve up.

Question # 2

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

Question # 3

An economic variable that moves in the opposite direction as aggregate economic activity up in is called.

Question # 4

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

Question # 5

GDP difference between GNP because.

Question # 6

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

Question # 7

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

Question # 8

If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.

Question # 9

The Root Mean square Error for the actual sales and sales forecast for 1985 and 1986 is.

Question # 10

When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.

Question # 11

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 # 12

The hypothesis would the tested with

Question # 13

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

Question # 14

An increase in the expected real interest rate tends to.

Question # 15

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

Question # 16

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

Question # 17

In closed economic model aggregate demand is not sensitive to.

Question # 18

A decrease in wealth would cause the IS curve to

Question # 19

Economic planning by enteral government agencies is primarily associated with

Question # 20

For interior commodities income effect is.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The econometric problem of errors in variables leads to
A. Ballasted estimates of regression coefficients.
B. Autocorrelation
C. Unbiased estimates of regression coefficients but non minimum variance of estimated coefficients.
D. None of the above
2 When the economy goes into are cession there's an increase in.
A. Frictional unemployment
B. structural unemployment
C. Cyclical unemployment
D. Voluntary unemployment
3 The low point in the business cycle is referred to as the
A. Expansion
B. Boom
C. Trough
D. Peak
4 Which of the following is the second law of gossen.
A. Law of equal marginal utility.
B. Law of equi product
C. Theory of indifference curve
D. Law of diminishing marginal utility.
5 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
6 In the monetary base is increased by $1,000 and the reserve requirement is 10% by how much will the money supply be increased.
A. $100
B. $1,000
C. $5,000
D. $10,000
7 An increase in total production causes the demand for money to _____ and the interest rate to ______
A. Increase ; increase
B. Increase ; decrease
C. decrease ; decrease
D. decrease,; increase
8 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.
A. Marginal physical product
B. Marginal resources cost
C. Marginal cost
D. Marginal revenue
9 A decrease in the marginal propensity to import will lead to.
A. An increase in GNP
B. Lower the multiplier
C. An increase in imports
D. A decrease in imports
10 A nation experiences internal balance if it acieves.
A. Full employment
B. Price stability
C. Full employment and price stability
D. Unemployment and price instability

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