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.
After a temporary beneficial supply shock hits the economy general equilibrium is restored by
Question # 2
The opportunity cost of a good is.
Question # 3
The supply curve of a perfectly competitive firm
Question # 4
It essentially states that there is no relation between the variables of the problem.
Question # 5
Fact is empirically verifiable observation is defined by
Question # 6
For perfect competition ot work there must be
Question # 7
During inflation.
Question # 8
When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.
Question # 9
When we refer to the hidden economy we mean unrecorded income owing to.
Question # 10
As the price of a good increases, the change in the quantity demanded can be shown by
Question # 11
Consider the five panels of the figure on the previous page in which panel would fiscal policy be the strongest.
Question # 12
The notation of Relationship is important
Question # 13
When the value of the Rupee rises Pakistan goods become _____ expensive relative to foreign goods which ___ exports.
Question # 14
The regression results indicate that the standard error of estimate is.
Question # 15
The increase in base money divided by the corresponding induced increasing commercial bank deposits is the.
Question # 16
The allocation of resources is not efficient it
Question # 17
A firm that breaks even after all economic costs are paid is earning.
Question # 18
The product cycle theory of trade is essentially a
Question # 19
any number raise to the power zero is always equal to.
Question # 20
Automatic stabilizers
Question # 21
What happens to the money supply if the deficit is financed by selling bonds to the general public.
Question # 22
The long run aggregate supply curve.
Question # 23
in The Liquidity trap region
Question # 24
Scarcity means that
Question # 25
Credit (+) items in the balance of payments correspond to anything that.
Question # 26
In the monetary base is increased by $1,000 and the reserve requirement is 10% by how much will the money supply be increased.
Question # 27
A tariff -rate quota
Question # 28
Horizontal integration may lead to internal economics of scale. Which of the following is not a type of internal economy of scale.
Question # 29
In Balance of payments accounting tourism and travel are classified in the
Question # 30
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.
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
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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
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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
International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
2
Medieval scholastics, early Islamic thinkers, and Aristotie all agreed that.
A. Payments of interest should be prohibited.
B. Commerce was modeled on a circular flow
C. Surpluses are enhanced throgh skilled management.
D. All of the above
3
What does statistics of distribution indicates.
A. Consumer preference
B. Strength of the desire of people
C. Wealth of nation
D. Economics conditions of people
4
The definition of various terms, units of collection and measurement help ensuring that.
A. Analysis is easy
B. Method is systematic and emprical
C. Construction of conclusions easy
D. Data is relevant to the purpose
5
The long run is a time period that is.
A. Five years or longer
B. Long enough to change the level of labor hired
C. Long enough to change the size of the firm's plant
D. Ten years or longer
6
If the price of an apple increased from 50 to 60 the quantity demanded will decrease because of.
A. The substitution effect only
B. The income effect only
C. A change in income
D. The substitution and income effects.
7
Firm in oligopoly are likely to.
A. Invest heavily in branding
B. Act independently of other firms
C. Try to differentiate its products
D. Try to be a price maker
8
The imposition of a tariff causes consumption to _______ and imports to.
A. rise , rise
B. fall , rise
C. fall , fall
D. rise , fall
9
An increase in national income is.
A. Likely to increase exports
B. Likely to decrease savings
C. Likely to decrease investment
D. Likely to increase spending on imports
10
Which of the following is not likely to be a government objective.
A. Increasing employment
B. Increasing economic growth
C. Increasing government spending
D. Increasing the level of exports
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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