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 theory is generally included under micro economics.

Question # 2

A temporary decline in productivity would cause the IS curve to.

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

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 # 5

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%

Question # 6

"Economics is what economists do " It has been supported by.

Question # 7

Which of the following actions is an example of expansionary fiscal policy.

Question # 8

Which of the following changes shifts the SRAS curve down.

Question # 9

According to the life cycle hypothesis consumption is related to.

Question # 10

In a simple Keynesian world assume the economy is opiating at a full employment noninflationary level worsening world conditions necessitate additional government spending of Rs.50 billion. What should be the direction of change in taxes and magnitude of change to maintain stable price and full employment equilibrium.

Question # 11

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.

Question # 12

Based on the data above , the increase in potential MI would be

Question # 13

Which of the following macro economics variables is a cyclical.

Question # 14

The long term demand for real money balance will rise when

Question # 15

The equilibrium level of employment achieved after the complete adjustment of wages and prices, is known as the.

Question # 16

What tow factors should you equate in deciding how many workers to employ.

Question # 17

Which one of the following would cause demand pull inflation.

Question # 18

What is the possible cause for a falling real GNP over a period of time.

Question # 19

The regression results indicate that the standard error of estimate is.

Question # 20

If investors expectations concerning the future are positive and thus increase investment at every interest rate the.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The substitution effect of a decrease in real interest rates is to cause a consumer to.
A. Increase future consumption and decrease current consumption
B. Decrease future consumption and increase current consumption
C. Increase current consumption and increase saving
D. Decrease current consumption and increase saving.
2 The data indicates that country A in billions of rupees is experiencing a
A. A deficit of Rs.60
B. A surplus of Rs. 300
C. Deficit of Rs.900
D. A deficit of Rs. 500
3 When the supply of money increases.
A. The LM curve will shift in
B. The LM curve will shit out
C. The demand for money will decrease
D. The demand for money will increase
4 A change that increase real money demand relative to the real money supply causes.
A. The LM curve to shift down and to the right
B. The LM curve to shift up and to the left
C. The IS curve to shift down and to the left
D. The IS curve to shift up and to the right
5 Which of the following macro economic variables is procyclical and coincident with the business cycle.
A. Residential investment
B. Nominal interest rates
C. Industrial production
D. Unempolyment
6 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 .
A. Real GNP increased by approximately Rs. 542 billion from 1976 to 1986
B. The price level fell from 1976 to 1986
C. Real GNP increased by 35%
D. Nominal GNP increased by 80%
7 In the expenditure approach to GDP which of the following would be excluded from measurement of GDP.
A. Government payments for goods produced by foreign firms
B. Government payments for goods produced by firms owned by state of local governemnt
C. Government payments for welfare
D. All government payments are included in GDP
8 A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the
A. Real interest rate
B. Production function
C. Productivity relation
D. Marginal product
9 in the keynesian model in the short run the amount of employment is determined by the effective labor demand curve and the level of.
A. Prices
B. Output
C. The real interest rate
D. The supply of labor
10 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.
A. 171 billion
B. 684 billion
C. 114 billion
D. 228 billion

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