PPSC Economics Full Book MCQ Test With Answers

PPSC Economics Full Book MCQ Test

Sr. # Questions Answers Choice
1 If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be. 2.0% 3.65 4.0% 6.0%
2 Most commonly referred indicator of inflation is Wholesale price index Retail price index Consumer price index Sensitivity price index
3 Negative taxation refers to. Tax rebate Subsidies Tax evasion Tax avoidance
4 Indirect taxes are Direct taxes - subsidies Subsidies Sales taxes Income taxes
5 Unemployment Rate is a percentage relation with reference is. Total population Civilian labour force Employed persons Unemployed persons
6 Livestock is An independent sector Sub -sector of agriculture Should be a part of Agriculture Would become a part of Agriculture
7 A market is in equilibrium when Ac = P MC = MR AC =AR TC =TR
8 There is positive relationship between multiplier and. Marginal propensity to consume Marginal propensity to save Marginal efficiency of capital all of these
9 A pure number by which change in investment is multiplied to change in income is called Multiplier Accelerator Stabilizer All of these
10 The locus of equilibrium of consumers due to changes in price of a commodity is known as. Price consumption curve Income consumption curve Producing possibility curve None of these
11 If in market the seller is changing different prices for the same commodity from different consumers it is known as. Price discrimination efficient selling Profit maxi miser in Monopoly all of these
12 If the coefficient of income elasticity is negative. Inferior good Normal good Luxury good All of these
13 If the coefficient of price elasticity is less than one It is normal good It is inferior good It is luxury good All of these
14 Disposable income is. Income less taxes Income less direct taxes income less indirect taxes All of these
15 If the % change in quantity demanded is more than % change in price coefficient of price elasticity is. >1 <1 =1 =zero
16 A supply schedule shows the relations between the quantity supplied of a commodity over a given time and. Factor prices Technology Both a and b The price of the commodity
17 A demand curve shows the relation between the quantity demanded to a commodity over a given time and. the testes of consumer The money income of cosumer The price of related commodities The price of the commodity
18 Monopoly market is characteristics by A large number of sellers Only one seller Thousand of seller All of these
19 In oligopoly market seller are. Few Four Some A large number
20 Equilibrium price is a price at which Quantity demanded is equal to quantity suppled Quantity demanded minus quantity supplied is zero quantity demanded = quantity supplied All of these
21 Indifference curves shows various combinations of. One commodity Two Three All of these
22 The% change in quantity demanded due to % change in incomes. Price elasticity Prices cross elasticity <div>Income elasticity</div> All of these
23 The funds used for further investment in joint stock company refers to. Distributed Undistributed Remaining All of the above
24 A firm can fund an investment from its own sources, the opportunity cost of its investment is Less than zero Zero More than zero Neither
25 The production function will be affected by changes in the prices of. Inputs Outputs Neither All of the above
26 Between 1982 and 1985 prices increased by 11.4% 25.2% 14.5% 3.6%
27 The rate of inflation in 1985 was 3.67% 8.5% 9.77% 3.2%
28 Census is held in Pakistan after every ___ year 5 10 15 20
29 What is the current literacy rate of Pakistan. 48% 52% 58% 65%
30 Pakistan place in the world area size in ______ number. 4th 5th 6th 7th
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