More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
PPSC Economics Full Book MCQ Test MCQs With Answers
Question # 1
Union of A and the universal set is
Choose an answer
A
A'
Universal set
None of these
Previous
Skip
Next
Question # 2
Ordered Pairs of two sets are called.
Choose an answer
Elements
Function
Cartesian product
None of the above
Previous
Skip
Next
Question # 3
In Vann diagram the universal set is represented by
Choose an answer
Points within a rectangle
Points within a circle
Both a and b
None of these
Previous
Skip
Next
Question # 4
The estimated regression coefficient for good Y indicates
Choose an answer
Goods X and Y are independent goods
Good Y is relatively elastic
Good Y is a luxury good
Goods X and Y are complementary goods
Previous
Skip
Next
Question # 5
If firms paying employees monthly began paying them weakly then the demand for money would.
Choose an answer
Rise and income would rise
Rise and income would fall
Fall and income would rise
Fall and income would fall
Previous
Skip
Next
Question # 6
A rise in the exchange rate value of the rupee will most likely cause.
Choose an answer
A dollar to be worth less in learns of other currencies.
Imports to decrease
Exports to increase
The balance of payments curve to shift to the left
Previous
Skip
Next
Question # 7
When the export function is Rs.100-0.2 Y , net exports are 0 when income is .
Choose an answer
Rs.300
Rs.400
Rs.500
Rs.600
Previous
Skip
Next
Question # 8
All of the following are benefits of the single market except.
Choose an answer
It allows countries to exploit their comparative advantage, more fully
Firms could more readily exploit economies of scale
It intensified competition
It is easier book holidays in member countries.
Previous
Skip
Next
Question # 9
In monopoly which of the following is true.
Choose an answer
There are many buyers and sellers
There is one main buyers
There is one main seller
The actions of one firm do not affect the market price and quantity.
Previous
Skip
Next
Question # 10
Say's law states that
Choose an answer
Supply creates its own demand
Demand creates its own supply
There is no such things as a free lunch
Macro economics policy activism is essential to ensure full employment.
Previous
Skip
Next
Question # 11
In a model in which there is no government new investment capital replacement or international trade the market value of final output equals.
Choose an answer
Aggregate consumption
The sum of the receipts of economic resources
The sum of wages rent interest and profit
All of the above
Previous
Skip
Next
Question # 12
A straight line diagram can be drawn knowing the _______ and _____
Choose an answer
Vertical axis and horizontal axis
Intercept and slope
Scale and slope
Intercept and scale.
Previous
Skip
Next
Question # 13
A bank has excess liquidity reserves to lend but is unable to find a willing borrower these will_______ the size of the money multiplier.
Choose an answer
Reduce
Increase
Have no effect on
Double
Previous
Skip
Next
Question # 14
The multiplier is the reciprocal of A
Choose an answer
Marginal propensity to consume
Both MPF and MPS
Marginal propensity to save
None of these
Previous
Skip
Next
Question # 15
If two sets contains the same number of distinct elements but not the same elements are called.
Choose an answer
Pie diagram
Venn diagrams
Histogram
Ogives
Previous
Skip
Next
Question # 16
The multiplier accelerator model assumes _______ depends on.
Choose an answer
Consumption, expected future profits.
Investment, interest rates.
Investment expected future profits.
Stock building, interest rates.
Previous
Skip
Next
Question # 17
The research is a systematic gathering of information among individuals and collectives.
Choose an answer
Case study
Survey
Content analysis
Census Report
Previous
Skip
Next
Question # 18
Which of the following represents monetary policy geared to increases the supply of money.
Choose an answer
The purchase of bonds by the Federal Reserve Bank
The sale of bonds by the Central Bank
An increase in reserve requirement
A decrease in taxes
Previous
Skip
Next
Question # 19
To be allocatively efficient ta firm must produce where
Choose an answer
the total cost equals demand
the average revenue equals the marginal revenue
The price equals the average cost
The price equals the marginal cost
Previous
Skip
Next
Question # 20
In the case of an expansionary ___ policy the interest rate rise while in the case of an expansionary _______ policy the interest rate falls.
Choose an answer
monetary ; monetary
monetary ; fiscal
fiscal ; monetary
fiscal ; fiscal
Previous
Skip
Next
Question # 21
As the MPS increases, the multiplier will
Choose an answer
Increase
Either increase or decrease depending on the size of the change in investment
Remain constant
Decrease
Previous
Skip
Next
Question # 22
The question "What is living? is important in
Choose an answer
Eco centered ethics
Animal centered ethics
Life centered ethics
Human centered ethics
Previous
Skip
Next
Question # 23
Export led growth strategies tend to emphasize.
Choose an answer
Resource allocation based on the principle of absolute advantage.
Resource allocation based on the principle of comparative advantage.
Trade protection for exporting competing firms
Trade protection for import competing firms
Previous
Skip
Next
Question # 24
A business cycle refers to.
Choose an answer
Fluctuations in the general price level
changes in the long term growth pattern of the CPI
The ups and downs of real GDP
Fluctuations in the level of corporate.
Previous
Skip
Next
Question # 25
Given fixed exchange rates assume Pakistan initiates contractionary monetary ad fiscal policies to combat inflation. these policies will also.
Choose an answer
Reduce a balance of payments surplus
Reduce a balance of payments deficit
Increases both imports and exports
Decrease both imports and exports
Previous
Skip
Next
Question # 26
As the opportunity cost of a good falls, ceteris paribus the substitution effect implies that people buy
Choose an answer
Less of the good and more of its substitutes
More of that good and less of its substitutes
Less of that good and less of its substitutes
More of that good and more of its substitutes
Previous
Skip
Next
Question # 27
A profit maximizing firm in perfect competition produces where
Choose an answer
Total revenue is maximized
Marginal revenue equals zero
Marginal revenue equals marginal cost
Marginal revenue equals average cost
Previous
Skip
Next
Question # 28
"Zakat" is a charity on.
Choose an answer
Wealth / income which stays with a Muslim for at least one year
Levied on a Muslim who is sahib e Nisab
Deducted at the rate of 2.5% of the income
All of the above
Previous
Skip
Next
Question # 29
The effect of the most favored nation clause is to.
Choose an answer
Eliminate all tariffs between countries
Increase all tariff rates between countries.
Maintain a nondiscriminatory structure of tariffs
Maintain a discriminatory structure of tariffs
Previous
Skip
Next
Question # 30
In the expenditure approach to GDP which of the following would be excluded from measurement of GDP.
Choose an answer
Government payments for goods produced by foreign firms
Government payments for goods produced by firms owned by state of local governemnt
Government payments for welfare
All government payments are included in GDP
Previous
Skip
Next
Question # 31
An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________
Choose an answer
Shift down and to the left be unchanged
Shift down and to the left shift left
Shift up and to the right be unchanged
Shift up and to the right shift left
Previous
Skip
Next
Back