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.
In a matrix , if there is only one row but any number of columns, it is called.
Question # 2
When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
Question # 3
The substitution effect of a decrease in real interest rates is to cause a consumer to.
Question # 4
Application of Modern technology to increase the yield is due to
Question # 5
"The problem with monetarism is that its advocates have seen it as infallible over short periods of time and wish it to be rigid in its application over all periods of time "The advocates of monetarism wish it to the rigid in its application over all periods of time to.
Question # 6
The value of a household's assets minus the value of its liabilities is called.
Question # 7
The value of real GDP in the current year equals.
Question # 8
Who stated statistics as 'aggregate of knowledge brought together for practical ends.
Question # 9
Which of the following was a belief shared by utopian and scientific socialists.
Question # 10
The price mechanism does not act as a
Question # 11
The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.
Question # 12
There are _______ major instrument of monetary policy.
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.
Question # 14
A supply curve is directly affected by
Question # 15
The hypothesis that people know the true model of the economy and that they use this model and al available information to form their expectations of the future is the
Question # 16
During the 1980 empirical evidence indicates that.
Question # 17
The three main components of the aggregate demand aggregate supply model include.
Question # 18
Poor developing countries typically impose ______ tariffs than rich advanced nations on imports.
Question # 19
Which of the followings is NOT component of M-2
Question # 20
Which policies are expenditure changing policies.
Question # 21
Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.
Question # 22
The factor endowment theory was pioneered by
Question # 23
If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.
Question # 24
The bowed shape of the production possibilities curve illustrates
Question # 25
The valued of expenditure multiplier relates.
Question # 26
When the stock market a rising it is called.
Question # 27
Leakages from the circular flow are____ and _____
Question # 28
The yield curve shows
Question # 29
The expected real interest rate minus expected inflation rate.
Question # 30
If any equation involving two variables, such as y -=2x + 1, the variable that appears on the right hand side of the equation is by convention called.
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
H
Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
A
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
In balance of payments accounting tourism and travel are classified in the
A. Merchandise trade account
B. Services account
C. Unilateral transfers account
D. Capital account
2
Fact is empirically verifiable observation is defined by
A. Good and Halt
B. Claver
C. P.V.Young
D. Emory
3
Debit (-) items in the balance of payments correspond to anything that.
A. Involve receipts from foreigners
B. Involves payments to foreigners
C. Increase the domestic money supply
D. Decrease the demand for foreign exchange
4
Increases in government spending increase interest rates and aggregate output in the ISLM framework this is a ____ shift of the _____ curve.
A. Left ward ; LM
B. Right ; LM
C. Left ward ; IS
D. Left ward ; AD
5
A shift in supply will have a bigger effect on price than output if demand is.
A. Income elastic
B. Income inelastic
C. Price elastic
D. Price inelastic
6
In a mixed economy the economic decisions of what to produce how to produce, and who will receive products are made by
A. The government
B. Consumers and firms
C. Banks and stock markets
D. Firms, consumers, and government.
7
Naveed purchases product M for which his income elasticity of demand is negative Apparently product M is.
A. A necessity
B. An independent good
C. An inferior good
D. A luxury good
8
Pakistan's fiscal year starts from
A. 1st September
B. 1st January
C. 1st April
D. 1st July
9
The productivity curve
A. Is given by the labor productively
B. Shows the change in real GDP per hour of labor as the amount of capital per hour labor changes
C. Shows the change in technology
D. Is given by the equation Y = F ( L,K, T)
10
Law of variable proportion sis applicable in.
A. Short run
B. Long run
C. Anytime
D. Fore ever
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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