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.
Who was the social theorist tha proposed socialism a should serve as an intermediate stage on the way to an ideal communist society.
Question # 2
A price decrease and an increase in income are similar in that
Question # 3
What is the process of summarizing raw data and displaying them on compact statistical tables for further analysis.
Question # 4
For interior commodities income effect is.
Question # 5
Which of the following methods is used for internalizaing positive externalities
Question # 6
Disposable incomes is equal to.
Question # 7
Which one of the following is the largest sector of Pakistan Economy.
Question # 8
The aggregate demand curve shows the combinations of output and the price level that put the economy on.
Question # 9
Economic growth may depend upon __________ and_________
Question # 10
The marginal rate of substitution of two goods can be obtain from
Question # 11
Which of the following taxes is regressive
Question # 12
Which policy is an expenditure switching policy.
Question # 13
The goal of a pure market economy is to best meet the desires of
Question # 14
The total utility of the third unit of product x is.
Question # 15
The _____ analyzes the income distribution effects of trade in the short run when resources are immobile among industries.
Question # 16
An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.
Question # 17
If the Federal reserve conducts open market ________ the money supply _______ shifting the LM curve to the right.
Question # 18
When planned consumption equals Rs. 40 + 0.90 Yd and planned investment is Rs.50, the equilibrium level of income is.
Question # 19
The equation for the IS curve is.
Question # 20
The price elasticity of demand is teh same thing as the negative of the
Question # 21
Prohibiting a trade between two people
Question # 22
An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others
Question # 23
Social science research is a systematic method o exploring, analyzing and extend, corrector or verify knowledge of human behavior and.
Question # 24
Why does it make sense in assume that people are rational, if you want to predict their behavior.
Question # 25
When we know the quantity of a product that buyers wish to purchases at each possible price we know.
Question # 26
Net National product equals.
Question # 27
International specialization takes place because of.
Question # 28
If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.
Question # 29
The equation for a givne production function is Q = K2 + KL, initially K = 2 and L = 1 if the value of both inputs is doubted the production function exhibite.
Question # 30
A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the.
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28 Min 09 Sec
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13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Wars new inventions, harvest failures, and change sin government policy are examples of.
A. The business cycle
B. Economics models
C. Shocks
D. Opportunity costs
2
The break even level of income where C = Y is
A. 200
B. 300
C. 500
D. 400
3
The firms average variable cost of the 150th unit is.
A. Rs.15
B. Rs.17
C. Rs.20
D. Rs.9
4
Aggregate demand will increase if
A. Consumption falls
B. Investment falls
C. Exports fall
D. imports fall
5
Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
6
All of the following are credit items in the balance of payments except.
A. Investment inflows
B. Merchandise exports
C. Payment for American service's to foreigners
D. Private give to foreign residents
7
The marginal Revenue product is.
A. Upward sloping due to the law of demand
B. Upward sloping due to the law of marginal utility
C. Downward sloping due to the law of diminishing returns.
D. Downward sloping due to the law of supply
8
In the long run a reduction in labor supply would cause output to _______ and the aggregate price level to.
A. fall; rise
B. fall ; fall
C. rise ; fall
D. rise; rise
9
A mathematical statement setting two algebraic expressions equal to each other is called.
A. Equations
B. Hypothesis
C. Inequality
D. All of above
10
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
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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