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.
It enables the researcher to acquaint himself with current knowledge in the field in which he is going to conduct his research.
Question # 2
The key issues of macroeconomics are
Question # 3
Headquarter of International Association Development is located in.
Question # 4
When the population is badly affected, which type of sampling is appropriate.
Question # 5
__________ is a said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries infavor of member countries.
Question # 6
Employment tends to _______ whwn aggregate output.
Question # 7
A possible use in economies for the circle of the ellipse is to model.
Question # 8
In perfect competition, a seller by increasing price.
Question # 9
A politician proposes reducing business taxes, a move she says will encourage risk taking entrepreneurship This proposed cut in business taxes is intended to stimulate the economy mainly though.
Question # 10
a possible use in encomia's for the circle or the ellipse is to model.
Question # 11
Women and non whiles on average receive lower comes than white men because.
Question # 12
When IMF was established.
Question # 13
Which of the following is an example of a normative statement.
Question # 14
Direct investment and security purchase are classified as.
Question # 15
Adding up the quantities demanded of a good by different people facing the same price gives us the.
Question # 16
The funds used for further investment in joint stock company refers to.
Question # 17
Which of the following is the government most likely to subsidies.
Question # 18
As long as all prices remain constant an increase in money income results in.
Question # 19
If the price is less than the average cost but higher than the average variable costs.
Question # 20
With no government and foreign trade sectors savings always equals.
Question # 21
Globalization is likely to increase with
Question # 22
What lies is at the heart of the allocation of goods and services in a free market economy.
Question # 23
An exceptional demand curve is.
Question # 24
"The earlier predictions underestimated currency in circulation and treasury balances at the Fed, both of which drained reserves from the banking system" Lower reserves means.
Question # 25
In 1950's liberal policy was adopted regarding.
Question # 26
The reason that only final sales are counted in GDP is
Question # 27
Guid up of foreign exchange reserves leads to.
Question # 28
Identify the three motives of money demand.
Question # 29
Given the data above, the empirical equation for the IS curve is.
Question # 30
"Some economists criticized the central bank for not moving in the face of the waning recovery One who prefers anonymity stated the failure to move today leaves us with low inflation a weak economy and climbing jobless claims these are classic signs of an impending downturn The fed fiddles while the economy burns This economist would want to see.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
S
Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
N
Noor Ulain07 - Feb - 2023
07 Min 21 Sec
19/30
A
Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
A
azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
18/30
S
Shad Ali Shah08 - May - 2024
14 Min 06 Sec
18/30
G
G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
M
muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
M
Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
S
Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
16/30
U
Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
H
Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
A
Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
A
Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
H
Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
The very thing which permitted people to settle permanently in one location with the assurance of food is.
A. Tools
B. Fishing
C. Agriculture
D. None of these
2
Which of the following is a component of M1.
A. Saving deposit
B. Credit card
C. Checkable deposit
D. Gold
3
The through of a business cycle occurs when ______ hits its lowest point.
A. Inflation
B. The money supply
C. Aggregate economic activity
D. The unemployment rate
4
In perfect price discrimination
A. Consumer surplus is maximized
B. Produce surplus is zero
C. Community surplus is maximized
D. Consumer surplus is zero
5
It is a process of checking to detect and correct errors and omissions.
A. Coding
B. Editing
C. Analysis
D. Classifications
6
The comparative advantage model of Ricardo was based on.
A. Interindustry specialization and trade
B. Interindustry specialization and trade
C. Demand conditions underlying specialization and trade
D. Income conditions underlying specialization and trade
7
If the price is less than the average cost but higher than the average variable costs.
A. The firm is making a loss and will should own in the short term.
B. The firm is making a profit.
C. The firm is making a loss but will continue to produce in the short term
D. The firm is making a loss and is making a negative contribution to fixed costs
8
Second agricultural revolution came during
A. Primitive age
B. Middle age
C. Modern age
D. None of these
9
An ethics that treats only humans as morally considerable is called.
A. Holism
B. Eco centrism
C. Anthropocentrism
D. None of these
10
In the short term a firm will produce provided the revenue
A. Covers fixed costs
B. Covers variable costs
C. Covers total costs
D. Covers revenue
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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