PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

PPSC Economics Full Book MCQ Test

Try The PPSC Economics Full Book MCQ Test

  • Total Questions30

  • Time Allowed30

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PPSC Economics Full Book MCQ Test

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Question # 1

The demand for a product would be more inelastic.

Question # 2

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

Question # 3

Most of the nationalized enterprises showed

Question # 4

If government regulations prohibit the production of a particular good the demand curve for that good will most likely.

Question # 5

In the short run the level of floating exchange rates is determined mainly by.

Question # 6

If a country has a burden of debt it cannot sustain it can.

Question # 7

A specific tax on sellers will

Question # 8

The natural rate of unemployed is generally thought of as the.

Question # 9

In the Keynesian model which curve is vertical.

Question # 10

A monopolistically competitive firm differs from a perfectly competitive firming that unlike the perfectly competitive firm it.

Question # 11

Fiscal policy refers to the manipulation of government income and expenditure to.

Question # 12

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

Question # 13

When stock market is falling it is calle.

Question # 14

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 15

Astory is a starting point of.

Question # 16

Which of the following will cause a monetary induced change versus a fiscal induced change in equilibrium income as determined.by IS - LM analysis.

Question # 17

The marginal product of labor

Question # 18

In a recession a government.

Question # 19

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 20

Most commonly referred indicator of inflation is

Question # 21

A firm charges Rs. 800 for its unique word processor. If total revenue is Rs. 56,000 in July, how many word processor were sold that month.

Question # 22

Ahmed regression model yields a Durbin Watson d statistic whose value is 0.002. The results indicate.

Question # 23

The central bank of a country plays a significant role in her macroeconomics performance by regulating the.

Question # 24

Demand pull inflation may be caused by

Question # 25

Real business cycle are cycles in

Question # 26

In Islamic economic system business is allowed in the field of.

Question # 27

First land reforms made by Ayub Khan in

Question # 28

Which of the following is a characteristic of pure monopoly.

Question # 29

_________ are quotas that lead to a complete abolishment of trade.

Question # 30

Hyperinflation occurs when

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 PPSC Economics Topic 1 Basic Economics 302 Download PDF Launch Test
2 PPSC Economics Topic 2 Micro Economics 284 Download PDF Launch Test
3 PPSC Economics Topic 3 Macro Economics 339 Download PDF Launch Test
4 PPSC Economics Topic 4 Monetary & Fiscal Policy 264 Download PDF Launch Test
5 PPSC Economics Topic 5 International Economics 153 Download PDF Launch Test
6 PPSC Economics Topic 6 Economics Model 30 Download PDF Launch Test
7 PPSC Economics Topic 7 Islamic Economics 28 Download PDF Launch Test
8 PPSC Economics Topic 8 Development Economics 55 Download PDF Launch Test
9 PPSC Economics Topic 9 Pakistan Economics 144 Download PDF Launch Test
10 PPSC Economics Topic 10 Public Finance 190 Download PDF Launch Test
11 PPSC Economics Topic 11 Assess Your Basics 201 Download PDF Launch Test
12 PPSC Economics Topic 12 Statistics In Economics 76 Download PDF Launch Test
13 PPSC Economics Topic 13 Mathematics in Economics 94 Download PDF Launch Test
14 PPSC Economics Topic 14 History Of Economics Thought 26 Download PDF Launch Test
15 PPSC Economics Topic 15 Philosophy of Economics 38 Download PDF Launch Test
16 PPSC Economics Topic 16 Research Methods for Economist 90 Download PDF Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

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    Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
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    Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
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    Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
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    Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
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    Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
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    Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
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    Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
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    Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
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    Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

PPSC Economics Important MCQ's

Sr.# Question Answer
1 For commodities, X and Y, the possibilities are X is preferred to Y , Y is preferred to X or X and Y are equally preferred, In indifference curve analysis, this is known as the.
A. Comparability assumption
B. Transitivity assumption
C. Non seriation assumption
D. Reflexivity assumption
2 In order to maximize profits a monopoly company will produce that quantity at which the
A. A marginal revenue equals average total cost
B. Price equals marginal revenue
C. Marginal revue equals marginal cost
D. Total revenue equals total cost
3 An increases in the demand curve for orange juice would be illustrated as a.
A. Leftward shift of the demand curve
B. Right ward shift of the demand curve
C. Movement up along the demand curve
D. Movement down along the demand curve
4 Alfred Marshall formalized and then popularized the analytical technique known as
A. General equilibrium analysis
B. Felicific calculus
C. Partial equilibrium analysis
D. Differential equations
5 Who is regarded as the founder of theory of sets.
A. Adam Smith
B. Karl Frederich Gauss
C. George cantor
D. Euller
6 _____________ represent the most widely used tool in international finance for measuring the average value of a currency relative to a number of other currencies
A. Nominal exchange rates
B. Real exchange rates
C. Cross exchange rates
D. Exchange rate indexes
7 "An Enquiry into the Nature and causes of wealth of Nations" is thebook of economist.
A. Adam smith
B. Marshall
C. Robbins
D. None of above
8 Acquisition and merger are examples of.
A. Internal growth
B. External growth
C. Organic growth
D. Underlying growth
9 If the price elasticity of demand for a product in market A is -0.2 and in market B is -3 a price discriminator will charge.
A. The higher price in market A
B. The higher price in market B
C. The same price in both markets
D. There are many sellers
10 All of the following are recognized as arms of agricultural price program except.
A. Dampening the fluctuations agricultural commodity price.
B. Maintaining some purchasing power of agricultural households
C. Shifting the elastic demand for agricultural commodities.
D. Appeasing some politically powerful special interest grops

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.

Test Questions

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