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.
In the Keynesian cross diagram, a decline in autonomous consumer expenditure causes the aggregate demand function to shift ______ and the equilibrium level of aggregate output to.
Question # 3
The normal interest rate minus the inflation rate is the
Question # 4
In the long run in perfect competitiion
Question # 5
Which crops are sown in Rabi Seasons.
Question # 6
The marginal revenue curve in monopoly
Question # 7
Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.
Question # 8
Sales taxes are generally considered to be.
Question # 9
If the demand for money increase relative to the supply of money
Question # 10
Arne Naess related to.
Question # 11
In a recession
Question # 12
Head quarter of World Economic forum is situated in
Question # 13
'Equal chance of being included in the sample", about what does Dr. Yates and Harper defined like this.
Question # 14
Domestic borrowing includes the government borrowing through
Question # 15
Which of the following was a belief shared by utopian and scientific socialists.
Question # 16
If a monopolist's has only fixed costs and chooses that output at which marginal cost equals price. it will
Question # 17
Factors that cause the IS curve to shift include.
Question # 18
If the price of factor A is Rs.8.00 per hour, and its marginal product is 10 units, and the price of factor B is Rs. 5.00 and its marginal product is 9, is the producer is likely to.
Question # 19
Industries that are extremely sensitive to the business cycle are the.
Question # 20
The product cycle theory of trade is essentially a
Question # 21
Economists tend to judge a model based upon
Question # 22
Assuming that money is neutral an increase in the nominal money supply would causes.
Question # 23
When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.
Question # 24
Most tariffs have
Question # 25
Injection into the circular flow are _________ and _______
Question # 26
The long run aggregate supply curve.
Question # 27
An increase in the money supply other thighs equal shifts the ______ curve to the
Question # 28
Fiscal policy output to change demand for output is.
Question # 29
The marginal rate of substitution for two goods can be obtained from
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
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Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
19/30
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
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azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
18/30
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
18/30
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G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
16/30
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
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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
Can economic theories be tested.
A. No since individuals will seldom respond in predictable ways
B. Yes, since all individuals respond int he same ways to the same situation.
C. No , since the general behavior of a large numebr of individuals cannot be predicated
D. Yes , since people will, on average, respond in predictable ways to changes in costs and benefits.
2
The liquidity trap occurs when the demand for money
A. Is perfectly interest elastic
B. Is perfectly interest inelastic
C. Means that an increase in money supply leads to a fall int he interest rate
D. Means that an increase in the money supply leads to an increase in the interest rate
3
In a mixed economy the economic decisions of what to produce how to produce, and who will receive products are made by
A. The government
B. Consumers and firms
C. Banks and stock markets
D. Firms, consumers, and government.
4
The opportunity cost of a student is.
A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying.
D. What the student will earn after graduation.
5
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.
6
Equilibrium occurs in a two sector model when
A. Saving equals investment.
B. Consumption plys investment equals the value of putput
C. Planned saving equals planned investment.
D. Aggregate spending equals the revenues of the business sector
7
A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
8
The short run aggregate supply curve the absence of misperceptions.
A. Is vertical
B. Slopes upward
C. Is horizontal
D. Slopes downward
9
The concept of carbon credit originated from which one of the following.
A. Earth summit rio de jeneiro
B. Kyoto protocol
C. Montreal protocol
D. G-8 summit Helligendamm
10
The term of trade in Pakistan remained unfavorable regarding.
A. Industrial sector
B. Services sector
C. Agricultural sector
D. All of these
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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