PPSC Economics MCQ Test With Answer for Economics Complete
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.
Online 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.
An increase in the money supply shifts the LM curve to the right causing the interest rate to __________ and output to.
Question # 2
Injection into the circular flow are _________ and _______
Question # 3
If the price level for an economy was 100 in 1984 , 115 in 1985 and 125 in 1986 the rate of inflation between 1985 and 1986 was.
Question # 4
The government performs its redistribution function mainly through.
Question # 5
A public good
Question # 6
Which among the following is not a merit of the census method.
Question # 7
At any given level of the interest rate expectations are likely to be___________ optimistic and planned investment is likely to be ______ when _________ is growing rapidly than when it is growing slowly or falling.
Question # 8
The term skewness refers to.
Question # 9
Labour has the following characteristics accept one.
Question # 10
When an increase in government spending is matched by an equal decrease in government transfers, the income level will.
Question # 11
Which of the following is often considered to be inconsistent with the notion of perfect competition.
Question # 12
In the 1930s, when Keynes was alive a expansionary fiscal policy taking everything else constant would have led to.
Question # 13
Forced labor is one of the greatest injustice in the world according to.
Question # 14
Ad valorem tariffs are collected as
Question # 15
When the population is badly affected, which type of sampling is appropriate.
Question # 16
Any combination of products inside the production possibility frontier is
Question # 17
If government tax function is T = 80 + .6 Y and the marginal propensity to consume is a constant 8 and increase in GNP of Rs.50 would cause consumption to.
Question # 18
In a free market
Question # 19
The negative effect on the economy that occurs when average tax rates increases because taxpayers have moved into higher income brackets during an expansion is.
Question # 20
Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..
Question # 21
Which of the following is an automatic stabilizer.
Question # 22
If the autarky price of S were lower in country A than in country B, then if trade were allowed.
Question # 23
Quality controlleers at the LMN corporation formulate the null hypothesis that the proportion of defective items in the production line is 10% they reject this hypothesis when they find 12 defective items in 100. If the defective rate is really 10% What type of error did they make.
Question # 24
A possible use in economies for the circle of the ellipse is to model.
Question # 25
In 1950's subsidies given to.
Question # 26
The accelerator assumes.
Question # 27
Import substitution is an example of
Question # 28
A fall in investment demand can result from
Question # 29
The price mechanism cannot.
Question # 30
(A+B) + C =a +(B+C) This law of matrices is known as.
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