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.
Extremality's arise because there is a divergence between ____ and _
Question # 3
A temporary decline in productivity would cause the IS curve to.
Question # 4
Negative taxation refers to.
Question # 5
Aggregate demand refers to the total demand for all domestically produced goods and services in an economy generated from.
Question # 6
Which of the following is a policy instrument .as opposed to a government objective.
Question # 7
Which of the following would qualify as an aggregate supply shock.
Question # 8
During periods of rising inflation and rising interest rates we expect the demand for real cash to.
Question # 9
If the price of automobiles were to decrease substantially the demand curve for public transpiration would most likely.
Question # 10
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 # 11
In developing countries the co existence of modern and tadeonal method of production in urban and ruler sector is called.
Question # 12
A monopolist who is charging high price operates on.
Question # 13
According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.
Question # 14
Which of the following is not an argument for protectionism.
Question # 15
If the coefficient of price elasticity is less than one
Question # 16
Which stage guides from the planning stage to the stag of drawing of final conclusions.
Question # 17
A monopolist will discontinue production if
Question # 18
Which of the following rights be a scarce good.
Question # 19
Capital, as economists use the term.
Question # 20
An increase in the real wage rate will cause
Question # 21
Under perfect competition, the price system automatically result in efficient output selection when
Question # 22
The _____ analyzes the income distribution effects of trade in the short run when resources are immobile among industries.
Question # 23
What is the possible cause for a falling real GNP over a period of time.
Question # 24
Which of the following macro economics variables is a cyclical.
Question # 25
An expansionary monetary policy
Question # 26
Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as
Question # 27
The major source of revenue for the government is.
Question # 28
A long-run total cost curve can be constructed from
Usman Shahinshah06 - Jun - 2024
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Shoaib khan11 - Oct - 2022
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Noor Ulain07 - Feb - 2023
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Abdullah innocent05 - Apr - 2023
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azizbarawal@gmail.com 31 - Jan - 2023
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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
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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
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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Hira Bukhari08 - May - 2023
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PPSC Class
Economics
Important MCQ's
Sr.#
Question
Answer
1
That the division of labor a limited by the size of the market best applies to which explanation of trade
A. Factor endowment theory
B. Product life cycle theory
C. Economies of scale theory
D. Over lapping demand theory.
2
When goods are compliments the cross demand curve
A. Upward to the right
B. Backward to bottom
C. Inwards to the right
D. Downwards to right
3
Fiscal policy refers to.
A. The actions of the central bank in controlling the money supply
B. The government's altitude to taxation
C. The spending and taxing policies used by the government to influence the economy
D. The governments regulation of financial intermediaries.
4
The bowed shape of the production possibilities curve illustrtres.
A. The law of increasing marginal cost
B. the production in inefficient
C. That production is inattainable
D. The demand is relatively inelastic
5
Which of the following is a characteristic of pure monopoly.
A. one seller of the product
B. Low barriers to entry
C. Close substitute products
D. Perfect information
6
The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
7
An increase in investment leads to an increase in income and consumer spending, which in turn leads to a further increase in investment spending This is example of.
A. The expenditure multiplier
B. Explosive gowth
C. Hyperinflation
D. Interaction of multiplier and accelerator
8
If marginal utility is zero.
A. Total utility is zero
B. An additional unit of consumption will decrease total utility
C. An additional unit of consumption will increase total utility
D. Total utility is maximized
9
The term that has no ecological perspective is.
A. Growth orientation
B. Web of life
C. Relationships
D. Future generation
10
In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.
A. Demand curve shifts to the left
B. Supply curve shifts to the left
C. Supply curve shifts to the right
D. Demand and supply curves both shift to the right
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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