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

  • Total Questions20

  • Time Allowed20

Start Test Download PDF

PPSC Economics Topic 3 Macro Economics

00:00
Question # 1

The long run aggregate supply curve.

Question # 2

The major source of revenue for the government is.

Question # 3

The long run aggregate supply curve

Question # 4

When the economy goes into are cession there's an increase in.

Question # 5

In the product market of the circular flow model.

Question # 6

According to the life cycle hypothesis consumption is related to.

Question # 7

Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.

Question # 8

Which of the following results in an increase in the value of the dollar.

Question # 9

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

Question # 10

If X becomes more expansive i relation to Y, what happens to the budget line in the X - Y space, with Y on the vertical axis.

Question # 11

In the short run in the Keynesian model a sharp increase in oil prices would leave the economy with a ____ level of output and a ______ real interest rate.

Question # 12

In the expenditure approach to GDP which of the following would be excluded from measurement of GDP.

Question # 13

The impact of contractionary fiscal policy, according to new classical theory is that.

Question # 14

If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.

Question # 15

An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________

Question # 16

In which of the following situations will an increase in the money supply have no effect upon equilibrium iincome.

Question # 17

Which of the following does not result in an increase in U.S. autonomous net exports.

Question # 18

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 # 19

An asset with zero carrying costs and a present value of Rs.50,000 will return continuous annual yield of Rs.5000 if the current and future rate of inters is.

Question # 20

When plotted with the aggregate price level on the vertical axis and output on the horizontal axis which of the following curves is vertical.

Submit

Prepare Complete Set Wise PPSC Economics Topic 3 Macro Economics MCQs Online With Answers


Topic Test

00:00
Submit

Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test

  • F
    Faiza Shehzad 21 - Aug - 2022 16 Min 07 Sec 20/20
  • S
    Shiza Amir 25 - May - 2022 02 Min 01 Sec 19/20
  • A
    Amjad Ali 07 - Jun - 2023 07 Min 07 Sec 13/20
  • M
    Mazhar Shahzad 20 - Aug - 2022 13 Min 02 Sec 13/20
  • A
    Ayyaz Ahmad 04 - Jun - 2024 02 Min 59 Sec 12/20
  • K
    Kiran Naeem 13 - May - 2023 03 Min 39 Sec 11/20
  • Y
    Yasir Zada 29 - May - 2022 08 Min 09 Sec 11/20
  • S
    Shama Suleman 21 - May - 2022 09 Min 36 Sec 11/20
  • I
    ilham wahid 01 - Jul - 2024 04 Min 33 Sec 10/20
  • T
    Tahir Nawaz 11 - Jan - 2024 09 Min 44 Sec 10/20
  • M
    Mahnoor NaSir 24 - May - 2022 12 Min 00 Sec 10/20
  • D
    DJ DJ 19 - Aug - 2022 12 Min 42 Sec 10/20
  • S
    sidra Naeem 22 - May - 2022 14 Min 25 Sec 10/20
  • Z
    zaheer hussain 16 - Jan - 2024 16 Min 32 Sec 10/20
  • A
    Atiq Ur Rahman 16 - Jun - 2023 19 Min 23 Sec 10/20

PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Using the Keynesian model , the effect of a decrease in the effective tax rate on capital would be to cause_____ in the real interest rate and __ in output in the long run.
A. An increase ; no change
B. A decrease ; no change
C. An increase ; an increase
D. No change ; a decrease
2 The long run foreign exchange rate between the U.S. and Japan is 200 Yen =Rs. 1 under a floating exchange rate Which of the following does 112 t occur if the Federal Reserve reduce the money supply in order to prevent the occurrence of inflation.
A. Foreign capital flows to the U.S.
B. The U.S. dollar appreciates
C. Real net exports decline
D. American real GNP experience a slower rate of growth
3 When plotted with the aggregate price level on the vertical axis and output on the horizontal axis which of the following curves is vertical.
A. SRAS
B. AD
C. LRAS
D. None of the above
4 A temporary decline in productivity would cause the IS curve to.
A. Shift up and to the right
B. Shift down and to the left
C. Remain unchanged
D. Shift up and to right only if people face borrowing constraints
5 If the demand for coffee decreases as income decreases, coffee is a
A. Normal good
B. Inferior good
C. Substitute good
D. Complementary good
6 Which of the following is not included in gorses investment.
A. Business and residential constrcution.
B. Expenditures on consumer goods
C. Additions to business inventory
D. Expenditures on machinery
7 Which of the following factors will cause the demand curve for labor to shift to the right.
A. The demand for the product produced by labor declines.
B. The prices of substitute imputes falls
C. The productivity of labor increases
D. None of the above
8 A decrease in wealth would cause the IS curve to
A. Shift up and to the right
B. Shift down and to the left
C. Remain unchanged
D. Shift up and to the right only in poeple face borrowing constraints.
9 Where there is an equal increase in net tax revenue and government spending, ceteris paribus.
A. (C+I+G) is shifting upward
B. (C+I+G) is shifting downward
C. (C+I+G) does not shift
D. All of these
10 An expansionary supply side shock results in.
A. An increased real national income
B. The aggregate supply curve shifting to the left
C. The aggregate demand curve shifting to the right
D. The aggregate demand curve shifting to the left

Test Questions

Is this page helpful?