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.
Injection into the circular flow are _________ and _______
Question # 2
As the required reserve ratio is decreased the money multiplier.
Question # 3
The negative slope of the demand curve indicates that there is _______ relationship between the price and the quantity demanded.
Question # 4
Anthropocentrism gives intrinsic value to
Question # 5
The first step in formulating a problem is.
Question # 6
The equilibrium level of saving is.
Question # 7
Tax collection estimate for year 2012-13 is Rs. _______ billion
Question # 8
Increases in minimum wage
Question # 9
Which of the following statements abut the relationship between marginal cost and average cost is correct.
Question # 10
International trade is based o the notion that.
Question # 11
In monopolistic competition, firms desire to sell more output at equilibrium because.
Question # 12
Small nations whose trade and financial relationships are mainly with a single partner tend to utilize.
Question # 13
For given government spending and taxation the government budget deficit will grow in __________ and decline in _________
Question # 14
One of the following is the renowned book of Imam Abu Yousaf
Question # 15
The central bank and the government are working against each other if as the government cuts taxes the central bank
Question # 16
By controlling the monetary base economists mean
Question # 17
Fiscal policy is weak under floating exchange rates as fiscal expansion.
Question # 18
The multiplier that applies to changes in autonomous investment is identical to changes in.
Question # 19
Eco philosophy deals with philosophy of
Question # 20
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 # 21
Identification with nature is the grounding
Question # 22
Ad valorem tariffs are collected as
Question # 23
The three main components of the aggregate demand aggregate supply model include.
Question # 24
The expected real interest rate minus expected inflation rate.
Question # 25
Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differtial in excess of transaction costs are called.
Question # 26
To help developing nations strengthen their international competitive rises many industrial nations have granted non nations udder the .
Question # 27
When the supply of money increases.
Question # 28
When an increase in government spending is matched by an equal decrease in government transfers, the income level will.
Question # 29
A positive definite Hessian fulfills the second order conditions for
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Shoaib khan11 - Oct - 2022
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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Shad Ali Shah08 - May - 2024
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muhammad irfanatta28 - May - 2024
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
A demand curve that is an equilateral hyperbola is.
A. Perfectly elastic
B. Relatively elastic
C. Unit elastic
D. Relatively inelastic
2
In Islamic economic system following means of gaining wealth are permitted
A. smuggling
B. Hoarding
C. Gambling
D. None of these
3
Changes in subjective or objective factors.
A. Never affect the consumption function
B. Always cause downward shifts of the consumption function
C. Always cause upward shifts of the consumption function
D. May cause upward or downward shifts of the consumption function
4
Following the work of _____________ in the 1960s, and the controversy associated with these views in the 1970s, there was a revival of interest by economists and government in monetary policy.
A. Milton Friedman
B. Ronald Reagan
C. Margaret Thatcher
D. John Maynard Keynes
5
MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
6
If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above
7
A determinant composed of all the first order partial derivatives of a system of equations, arranged in ordered sequence is called.
A. Hassian determinatn
B. Jacobian determiant
C. Discrimianant
D. First order determinant
8
An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.
A. Price level, agregate economy
B. Tax rate, government ebudget
C. Wage rate, labour market
D. Interest rate, market for loanable funds
9
When the reserve requirement on checking deposits is 0.10 and the Federal Reserve purchases government securities values at Rs. 100,000, the MI money supply.
A. Is unchaged
B. Increase by Rs.100,000
C. Increases by Rs. 1,000,000
D. None of these
10
A depreciation of the dollar willhave its most pronounced impact on imports if the demand for imports is.
A. Constant
B. Inelastic
C. Elastic
D. Unitary elastic
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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