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

To avoid double counting when the GNP is estimated, economists

Question # 2

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 # 3

The two main characteristics of the production function are.

Question # 4

An increase labor supply would cause the IS curve to.

Question # 5

Using the Keynesian model the effect of a government imposed celling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause._ in the real interest rate and _ in input out in the short sun.

Question # 6

The marginal product of labor

Question # 7

The major source of revenue for the government is.

Question # 8

To ensure that the fundamental identity of national income accounting holds changes in inventories are.

Question # 9

The dynamic aggregate demand schedule shifts rightward when there is an increase in.

Question # 10

In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.

Question # 11

A decrease in the marginal propensity to import will lead to.

Question # 12

When the export function is Rs.100-0.2 Y , net exports are 0 when income is .

Question # 13

If the rate of growth of a full employment labor forc eis 1.55 and 2.55 then the celling rate of growth of real GNP, according to Hick's theory of a constrained business cycle,is.

Question # 14

If GNP = 1,000 billion and the money supply is 330 billion , then the velocity of money is.

Question # 15

Most industrial construes generally considered _______ as the most important economic goal

Question # 16

A temporary decrease in government purchases would cause.

Question # 17

According to Keynesian macro economics price adjust _____ to shocks, so the government should.

Question # 18

Classical economics believe that in the short run.

Question # 19

The fac that the production function relating output to labor becomes flatter as wemove from left to right means that.

Question # 20

A nation experience external balance if it achieves.

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 Ahmed regression model yields a Durbin Watson d statistic whose value is 0.002. The results indicate.
A. Positive serial correlation
B. the presence of multicollinearity
C. No serial correlation
D. Negative serial correlation
2 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
3 The nominal interest rate minus the inflation rate is the
A. Depreciation rate
B. Discount rate
C. Forward rate
D. Real interest rate
4 When planned saving is greater than planned investment.
A. Output should increase
B. Output should decrease
C. Output should not change
D. All of the above
5 In the short run an increase in export sales would cause output to ______ and the price level to.
A. Rise, rise
B. Rise,; stay; constant
C. Fall; rise
D. fall; stay; constant
6 Disinflationary demand management policies.
A. Achieve a lower rate of inflation without causing a decreases in output.
B. Reduce output but have no initial effect on the inflation rate
C. Require an increase in government spending.
D. Require a reduction in the growth rate of the nominal money supply.
7 Money must fulfill all of the following functions except.
A. Be a medium of exchange
B. Be a store of value
C. Be generally accepted as a means of purchasing commodities
D. The above are all functions of money
8 Country A 's GNP is increasing by 3% a year in contrast to its population growth of 2.4% The rate of growth of per capita GNP is.
A. 3%
B. 0.85
C. 0.6%
D. 2.4%
9 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
10 The natural rate of unemployed is generally thought of as the.
A. Ratio of the frictional unemployment rate to the cyclical unemployment rate
B. sum of structural unemployment and cyclical unemployment
C. sum of frictional unemployment and cyclical unemployment
D. sum of frictional unemployment and structural unemployment.

Test Questions

Is this page helpful?

Share your comments & questions here

Guest

  • No comments yet. Be the first to comment!