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.
Which of the following is NOT an example of non price competition the auto industry.
Question # 2
In the Keynesian cross diagram an increasing investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ______ and the equilibrium level of aggregate output to rise and the IS curve to shift to the
Question # 3
The celling in the 1972 land reforms was lower being 150 acres for irrigated and ________ acres for unirrigated.
Question # 4
There are _______ major instrument of monetary policy.
Question # 5
The overall Budget Deficit is financed from
Question # 6
Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.
Question # 7
If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
Question # 8
If input price adjusted very slowly to output prices, the Phillip's curve would be.
Question # 9
The business cycle describes fluctuations in output around the.
Question # 10
Open market operations occur when the government.
Question # 11
Which of the policies in the table above an increase in social welfare according to pareto efficiency.
Question # 12
Skills that can be transferred to other employers are called
Question # 13
The appropriate expenditure switching policy to correct a balance of payments deficit is.
Question # 14
Research based on empirical evidences and.
Question # 15
If the Central Bank wanted to decrease the quantity of money held by the public it would.
Question # 16
According to the efficiency wage model during a recession firms will not reduce real wages because.
Question # 17
A rise in the exchange rate value of the rupee will most likely cause.
Question # 18
Increases in government spending increase interest rates and aggregate output in the ISLM framework this is a ____ shift of the _____ curve.
Question # 19
The overall Budget Deficit is financed from
Question # 20
When IMF was established.
Question # 21
Silent spring is written by
Question # 22
Rapid increases in the price level during periods of recession or high unemployment are known as.
Question # 23
Money must fulfill all of the following functions except.
Question # 24
Desired national saving would increase unambiguously if there were
Question # 25
The costs of inflation are
Question # 26
If there is a price celling there will be
Question # 27
When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.
Question # 28
A cut in the income tax rate designed to encourage household consumption is an example of.
Question # 29
Which of the following is most likely to benefit a debtor.
Question # 30
According to classical economists unemployment rises in recessions due to an increase in ______ unemployment , not in _______ unemployment.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
S
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
G
G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
M
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
H
Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
"Rising productivity does not in itself spell the end of inflation. With enough______ it would still be possible to whip prices into a froth the blank is best filled with.
A. Income growth
B. Unemployment
C. Money growth
D. Taxes
2
Fiscal policy refers to the manipulation of government income and expenditure to.
A. control the volume and price of money
B. Limit the rate of increaes in incomes
C. Effect the value of the dollar on world financial market.
D. Affect the level of total expenditure output and employment
3
Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment ceteris paribus, Increases equilibrium income and the budget.
A. Remains is balance
B. Has a surplus
C. Has a deficit
D. None of these
4
The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.
A. Relative price
B. Elasticity
C. J- Curve
D. Pass through
5
International trade in goods and services is sometimes used as a substitute for all of the following except.
A. International movements of capital
B. International movement of labor
C. International movement of technology
D. Domestics production of different goods and services
6
If the Central Bank wanted to decrease the quantity of money held by the public it would.
A. Sell government securities
B. Buy government securities
C. Lower the legal reserve requirement
D. Raise taxes
7
The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.
A. Prices, wages, output and employment.
B. Output, prices, employment
C. Nominal money, the price level output and employment.
D. Nominal money output prices
8
For interior commodities income effect is.
A. Zero
B. Negative
C. Infinite
D. Positive
9
A widely used indicator to differentiate developed countries from developing countries is.
A. International trade per captia
B. Real income per capita
C. Unemployment per capita
D. Calories per capita
10
A proposition which can be putto test to determine validity
A. Hypothesis
B. Operational definition
C. Data collection tool
D. Research design
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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