Question # 1

A matrix with all elements zero other than all the diagonals is called.

Choose an answer

Diagonal matrix

Orthogonal matrix

Unit matrix

Column vector

If employees cannot accept a job because of the costs of moving this is known as.

Choose an answer

Occupational immobility

Cyclical unemployment

Structural immobility

Geographical immobility

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

Choose an answer

The expected rate of inflation ceteris paribus

The growth rate of the nominal money supply ceteris paribus

The income tax rate ceteris paribus

the current inflation rate celeries paribus

What is the share of Urban Population in the total population of Pakistan.

Choose an answer

38.6%

42.6%

41.0%

32.5%

Union of A and the universal set is

Choose an answer

A

A'

Universal set

None of these

Which of the following is an economic activity.

Choose an answer

Teaching of a teacher in the school.

To teach son at home

To serve her child by mother

to play foot ball by a student

The definition of various terms, units of collection and measurement help ensuring that.

Choose an answer

Analysis is easy

Method is systematic and emprical

Construction of conclusions easy

Data is relevant to the purpose

The expression increase in quantity supplied is illustrated graphically as a.

Choose an answer

Leftward shift in the supply curve

Rightward shift in the supply curve

Movement up long the supply curve

Movement down along the supply curve

The conjecture that inequality first increases with development then decreases with further development has been

Choose an answer

Strongly supported by most studies

Supported mainly by cross section not time series studies.

Supported mainly by time sereis not cross section studies

Generally repudiated by empirical studies.

The application of the trickledown effect policy in 1960s was resulted in.

Choose an answer

Increase income disparity

Increase income poor

Decrease income disparity

Equal distribution of income

National Bank of Pakistan is one of the largest commercial bank operating Pakistan it was established.

Choose an answer

1948

1949

1952

1953

Suppose nominal GNP is Rs.500 in year 1, the base year If the GNP deflator doubles by year 6 while real output has increased 40% nominal output in year 6 equals.

Choose an answer

Rs.2000

Rs.1400

Rs.1000

Rs.750

During the last eight years the per capita income in Pakistan has been

Choose an answer

Increasing substantially because of decline in population growth

Decreasing

increasing only marginally

Constant

Your checking account is

Choose an answer

An asset for you and a liability for your bank

A liability for you and an asset for your bank

An asset for both you and your bank

A liability for both you and your bank

An increase in productivity should.

Choose an answer

Lead to a contraction of supply

Lead to an expansion of supply

Lead to a shift in supply outwards

Lead to higher equilibrium and lower equilibrium quantity.

Indifference curve is alwyas.

Choose an answer

Vertical

Horizontal

Concave

Convex

A change that increases the real money supply relative to real money demand causes.

Choose an answer

The LM curve to shift down and to the right.

The LM curve to shift up and to the left

The IS curve to shift down and to the left

The IS curve to shift up and to the right.

Which of the following is a policy instrument .as opposed to a government objective.

Choose an answer

Lower interest rates

A better balance of trade position

Faster economic growth

Lower un employment

The imposition of a tariff causes consumption to _______ and imports to.

Choose an answer

rise , rise

fall , rise

fall , fall

rise , fall

in GDP 24% share comes from

Choose an answer

Services sector

Import sector

industrial sector

Agriculture sector

The most important determinant of price elasticity is.

Choose an answer

The slope of the demand curve

The availability of substitutes

The price of other goods

The income of the consumer

The value of an asset depends upon

Choose an answer

Its scrap value

Its depreciation

The present value of the failure stream of income it can earn.

the cost of loans

The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as.

Choose an answer

Normal trade relation status

Most favored nation status

Generalized system of preferences

Historically countries at early stages of rapid economics development have tended to experience.

Choose an answer

Trade deficits and an excess of investment over domestic saving.

Trade surpluses and an excess of investment over domestic saving

Trade deficits and an increase of domestic saving over investment.

Trade surpluses and an excess of domestic saving over investment.

The multiplier is calculated as.

Choose an answer

1(1-MPC)

1/MPS

1/MPC

a or b

If marginal revenue equals marginal cost

Choose an answer

No profit is being made

total revenue equals total cost

Profits are maximized

Producing another unit would increase profits

Economics assumes that people consume goods and services to achieve.

Choose an answer

Status

Prestige

Utility

Self esteem

The value of a producer's output minus the value of the inputs if purchases from other producers is called the producer's

Choose an answer

Surplus

Profit

Gross product

Value added

The price elasticity of demand measures

Choose an answer

The responsiveness of quantity demanded to a change in prie.

How far a demand curve shifts

A change in price

A change in quantity demanded

What is the share of rural population in the total population of Pakistan.

Choose an answer

61.8 %

67.5%

59.6%

74.8%

While resources and products flow in one direction of the circular flow model what flow the other direction.

Choose an answer

Services

Public goods

Money

Imported goods

More Classes

Other Links

PPSC Economics Full Book MCQ Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer