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

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 # 2

Which of the following is the most liquid.

Question # 3

Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.

Question # 4

The value of real GDP in the current year equals.

Question # 5

Where there is an equal increase in net tax revenue and government spending, ceteris paribus.

Question # 6

Which of the following is not a category of consumption spending in the national income accounts.

Question # 7

Find the revenue the government collects as a result of the tax

Question # 8

The negative relation ship between unemployment and inflation is know as the

Question # 9

The two main characteristics of the production function are.

Question # 10

At point of satiety marginal utilityis.

Question # 11

The equation for the IS curve is.

Question # 12

A temporary adverse productivity shock would.

Question # 13

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

Question # 14

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

Question # 15

The philippic curve is the relation between inflation and unemployment that hold for a given natural rate of unemployment. and a

Question # 16

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.

Question # 17

An expansionary supply side shock results in.

Question # 18

If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP

Question # 19

If the demand for coffee decreases as income decreases, coffee is a

Question # 20

The reason that only final sales are counted in GDP is

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 The Laffer curve depicts
A. A trade off between tax rates and government receipts
B. Price levels and real income
C. government deficits and unemployment
D. Tax rates and infixation
2 The government budget surplus equals
A. Government purchases plus transfers
B. Net government receipts minus government purchases
C. Government purchases minus net receipts
D. Government purchases minus transfers.
3 A disadvantage of chain weighting is that
A. Past inflation rates change whenever the base year changes.
B. Past growth rates of real GDP change whenever the base year changes.
C. It causes output growth to slow
D. The components of real GDP don't sum to real GDP
4 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
5 Which of the following is a NOT component of M-2.
A. Small time deposited
B. Money market mutual funds
C. Stocks
D. Checkable deposits
6 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.
A. Expanding the U.S. money supply
B. Increasing government spending
C. Increasing taxes
D. Lowering interest rates in the united states.
7 The negative relation ship between unemployment and inflation is know as the
A. Aggregate supply curve
B. Aggregate demand curve
C. Philipps curve
D. Efficiency wage line
8 When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.
A. Is unrelated to the rate of interest
B. Is positively related to the rate or interest
C. Inversely related to the rate of interest
D. Falls as the rate of interest decreases
9 If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.
A. A Type II error is made
B. A type I error is mad
C. The alternative hypothesis is correct.
D. A and C are correct
10 Which of the following does not result in an increase in U.S. autonomous net exports.
A. The U.S. dollar depreciated
B. Major trading partners stimulate their economy
C. Foreign currencies depreciate
D. Foreign trading partners lift tariff barriers

Test Questions

Is this page helpful?