The government of Punjab, to make the recruiting process for several government agencies clean and standardize, has established the Punjab Public Service Commission, PPSC. The organization under the instructions of the government of Punjab conducts the exams based on which the candidates' caliber is evaluated for the vacant positions in several government agencies. For almost all the major subjects or vacant positions, separate tests are conducted. PPSC leads the recruiting process through a proper channel. For example, candidates first appear for the test that is conducted in a satisfactory environment. Then the candidates are shortlisted for the interview which is the main evaluation process to offer the government employment opportunity to the deserving candidates.
Economics Paper Pattern For PPSC
Economics subject is considered as the most prominent and important subject in the business field. The subject is of great importance for the candidates who want to pursue higher education in the business field. However, the subject is also important for the candidates who want to start their professional careers in the business and economics fields. Candidates who appear through PPSC are required to pass the paper that is comprised of 80% questions related to Economics subject and 20% questions related to general knowledge. PPSC test comprised of the topics including basic economics, microeconomics, macroeconomics, economics models, development economics, and some others.
If a few firms dominate an industry the market is known as.
Question # 2
If a price floor of Rs.15 is imposed, the governments cost is.
Question # 3
Total utility of a commodity is measured by which price of that commodity.
Question # 4
In the efficiency wage model with the efficiency wage above the market clearing wage when employment is at its full employment level.
Question # 5
The point at which the graph cuts the x axis is called.
Question # 6
Marginal cost is the change is cost the result from a one unit increase in.
Question # 7
Marginalize and the idea that pricing reflects marginal utility and demand was a movement way from
Question # 8
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 # 9
What is the current literacy rate of Pakistan.
Question # 10
A decrease in the legal reserve ratio from 25% to 20% will
Question # 11
If every element of a set B is also an elements of A then
Question # 12
The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
Question # 13
Pure research is focused to collect knowledge without any intention to.
Question # 14
Between 1982 and 1985 prices increased by
Question # 15
The commission's authoritative figures include a Chairman who is the_____ assisted by the deputy chairman and a science advisor.
Question # 16
If the price is less than the average cost but higher than the average variable costs.
Question # 17
According to schumpater
Question # 18
Union of A with A, that is A U A.
Question # 19
When a nations money supply is Rs.1200 billion and the nominal Gros National product is Rs.4800 billion the velocity of money is.
Question # 20
Application of Modern technology to increase the yield is due to
Question # 21
According to the efficiency wage model during a recession firms will not reduce real wages because.
Question # 22
According to Nurkse a balance growth a ncessary to.
Question # 23
The concept of carbon credit originated from which one of the following.
Question # 24
Productive capacity of agricultural sector due to green revolution
Question # 25
Which of the following is not included in gorses investment.
Question # 26
Which of the following persons would be considered unemployed.
Question # 27
If all the elements of a matrix of any order are zero, it is called.
Question # 28
In a perfectly competitive market if firms are earning an economic profit the economic profit.
Question # 29
Firm in oligopoly are likely to.
Question # 30
If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
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Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
19/30
A
Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
A
azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
18/30
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
18/30
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G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
16/30
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
A
Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
If A and B are symmetric matrices, then A +B is
A. Symmetric
B. Non symmetric
C. Skew symmetric
D. Non skew symmetric
2
The comparative advantage model of Ricardo was based on.
A. Interindustry specialization and trade
B. Interindustry specialization and trade
C. Demand conditions underlying specialization and trade
D. Income conditions underlying specialization and trade
3
A firm's monopolistic position is strengthened by
A. low elasticity of demand for its product
B. High elasticity of demand for its product
C. Constant elasticity of demand
D. None of the above
4
In autarky equilibrium.
A. Production equals consumption
B. Export equal inmprts
C. There is no trade
D. All of the above
5
A primary reason why nations conduct international trade is because.
A. some nations prefer to produce one thing while others produce another.
B. Resources are not equally distributed to all trading nations
C. Trade enhances opportunities to accumulate profits
D. Interest rates are not identical in all trading nations
6
The most important determinant of price elasticity is.
A. The slope of the demand curve
B. The availability of substitutes
C. The price of other goods
D. The income of the consumer
7
In a typical cartel agreement the cartel maximizes profit when it.
A. Behaves like a monopoly
B. Behaves like a perfectly competitive firm
C. Behaves like a duopoly
D. Is flexible in enforcing production targets
8
the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .
A. Tastes and preferences.
B. Expectations of future interest rate levels
C. Per capita income levels
D. Labor productivities.
9
Economists use the term marginal utility to mean.
A. Additional satisfaction gained divided by additional cost of the last unit.
B. Additional satisfaction gained by the consumption of one more unit of a good
C. Total satisfaction gained when consuming a given number of units.
D. The process of comparing marginal units of all goods which could be purchased
10
After a temporary beneficial supply shock hits the economy general equilibrium is restored by
A. A shift down and to the left of the IS curve
B. A shift to the left of the FE line
C. A shift up and to the left to the LM curve
D. A shift down and to the right of the LM curve
MCQ's Tests For PPSC Economics Preparation
Candidates are informed that the PPSC economics test is competitive and only those candidates get exceptional results who appear with exceptional preparation. Candidates who are already involved in the preparation activities and those who are looking for a suitable platform for preparation both are invited to get better practice through PPSC online test preparation. Here we offer the PPSC online MCQs tests that are just according to the actual paper pattern designed by PPSC. Candidates can find chapter-wise tests as well as full book tests. Chapter-wise test consists of 20 MCQs, whereas, full book test is comprised of 30 MCQs. Moreover, the tests are comprised of the most important questions according to the PPSC examination point of view.
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