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.
The current chairperson of the planning commission of Pakistan.
Question # 2
a contractionary monetary policy
Question # 3
Advocates of industrial policy maintain that government should.
Question # 4
In a perfectly competitive market if firms are earning an economic profit the economic profit.
Question # 5
In perfect competition.
Question # 6
Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.
Question # 7
The parable of Riding a Switchback suggests that stabilizing policy.
Question # 8
If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP
Question # 9
If a maximum price is set below equilibrium there will be.
Question # 10
Devaluation of rupee would result into
Question # 11
Firms hire labor at the point where the
Question # 12
Which of the following would most likely shift the production possibilities curve for a nation outward.
Question # 13
Which of the following is the most liquid.
Question # 14
Objectivity means basing conclusion on facts wit out any
Question # 15
When one country provides most favored nation status for another if agrees to.
Question # 16
When planned consumption equals Rs. 40 + 0.90 Yd and planned investment is Rs.50, the equilibrium level of income is.
Question # 17
The first step in formulating a problem is.
Question # 18
Most commonly referred indicator of inflation is
Question # 19
Keynesian economists think general equilibrium is not attained quickly because.
Question # 20
Companies in the private sector are owned by
Question # 21
(A+B) = (B+A) this law of matrices is known as.
Question # 22
If two sets contain the same distinct elements, then they are called.
Question # 23
Research simply mesa a search for.
Question # 24
In the ISLM frame work an expansionary fiscal policy causes aggregate output to _________ and the interest rate to.
Question # 25
Which of the following is not a macro economic issue.
Question # 26
An economy is in inflationary equilibrium A sustained increase in government appending shifts.
Question # 27
The elements in the Horizontal line in a matrix is called.
Question # 28
Who says theory as a integrated body of definitions, assomptions
Question # 29
a demand curve can shift because of changing.
Question # 30
in the keynesian model in the short run the amount of employment is determined by the effective labor demand curve and the level of.
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
Which of the following results in an increase in the value of the dollar.
A. Interest rates n the united states decrees, ceteris paribus
B. Interest rates in foreign countries increase, ceteris paribus
C. Price level in the United States increases, ceteris paribus
D. Productivity in the united states increases, ceteris paribus
2
The term of trade is given by theprices.
A. Paid to all goods exported by the home country
B. Received for all goods exported by the home country
C. Received for exports and paid for imports.
D. Of primary products as opposed to manufactured products.
3
A profit maximizing firm will employ labour up to the point where.
A. Marginal revenue = Marginal product
B. Margial cost = Marginal product
C. Marginal revenue product = Average cost of labour
D. Marginal revenue product = Marginal cost of labour
4
Which policies are expenditure changing policies.
A. Currency devaluation and revaluation
B. Import quotas and tariffs
C. Monetary and fiscal policy
D. Wage and price controls
5
In perfect competition a firm is.
A. Price taker
B. Price setter
C. Independent
D. Dependent
6
If every element of a raw of column of a square matrix A is zero, then the value of the determinant. is.
A. Equal
B. One
C. zero
D. Not equal
7
One of the difference between a perfectly competitive fir's long run equilibrium and the long run equilibrium of a monopolistically competitive firm is that
A. LMS = MR under perfect competition but not under monopolistic competition
B. SAC = LAC under perfect competition but not under monopolistic competition
C. SMC = LMC under perfect competition but not under monopolistic competition
D. LAC = LMC under perfect competition, but not under monopolistic competition
8
A single value that represent the average characteristics of its frequency distribution.
A. Quartiles
B. Grouped data
C. Central tendency
D. range
9
The low point in the business cycle is referred to as the
A. Expansion
B. Boom
C. Trough
D. Peak
10
Social welfare is maximized when a hedonistic calculus regulates all human action according to the interventionist liberal
A. John Stuart Mill
B. Thorstein veblen
C. Milton Frideman
D. Jeremy Bentham
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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