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 hypothesis that people know the true model of the economy and that they use this model and al available information to form their expectations of the future is the
Question # 2
The quantity of money demanded varies.
Question # 3
A decline in the money supply shifts the LM curve to the left causing the interest rate to ________ and output to___
Question # 4
Which of the following represents monetary policy geared to increases the supply of money.
Question # 5
According to Lincoln, I. Chao what is the primary objective of modern statics.
Question # 6
Short run contractionary Fiscal policy would result in.
Question # 7
A cut in the income tax rate designed to encourage household consumption is an example of.
Question # 8
The fact that the long run Phillips curve is vertical implies that
Question # 9
For perfect competition ot work there must be
Question # 10
Similar to import tariffs, import quotas tend to result in.
Question # 11
Second step in problem formulation is
Question # 12
The opportunity cost of a student is.
Question # 13
Ti access internet services consumers must use a computer if computer prices fall, what is the effect on the demand for internet services.
Question # 14
If a country has a bowed out production possibility frontier then production is said to be subject to.
Question # 15
Forced labor is one of the greatest injustice in the world according to.
Question # 16
The firms long run output decision will be where.
Question # 17
To adjust GDP from market prices to factor cost.
Question # 18
The budget deficit tends to decrease when
Question # 19
International dumping may involve.
Question # 20
The largest lenders to less developed countries are
Question # 21
A Horizontal demand curve for a good could arise because consumers.
Question # 22
A question which requires a solution is.
Question # 23
An intensive study of particular case is.
Question # 24
An economy is in inflationary equilibrium A sustained increase in government appending shifts.
Question # 25
The most widely traded currency in the foreign exchange market is the.
Question # 26
If A is preferred to B and B is preferred to C and there is indifference between A and D
Question # 27
The are price elasticity of demand is approximately
Question # 28
Fiscal defect in the budget means.
Question # 29
The asset market approach a more helpful in explaning.
Question # 30
The ethics, importance is given tobio sphere and the large eco system.
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 Class
Economics
Important MCQ's
Sr.#
Question
Answer
1
Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
2
If B is a subset of A, then AUB =
A. B
B. Intersection of A and B
C. A
D. None of these
3
Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.
A. The problem of autocorrelation
B. A type 1 error
C. The problem of multicollinear rarity.
D. a type II error
4
According to Islamic economic system the producers can earn.
A. Normal loss only
B. Normal profit only
C. Abnormal loss
D. Abnormal profit
5
A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
6
To basic objective of sampling study is.
A. To draw inference
B. To check units of population
C. To collect numerical data
D. To make census
7
For given government spending and taxation the government budget deficit will grow in __________ and decline in _________
A. booms, booms
B. recession, recession
C. booms, recessions
D. recessions, booms
8
An increase in the real wage rate will cause.
A. The labor demand curve to shift to the right
B. The labor demand curve to shift to the left
C. The quantity of labor demanded to rise
D. A movement along the labor demand curve
9
A vertical demand curve for a particular good implies that consumers are.
A. Sensitive to changes in the price of that good
B. Not sensitive to changes in the price of that good.
C. Irrational
D. Not interested in that good
10
When the export function is Rs.100-0.2 Y , net exports are 0 when income is .
A. Rs.300
B. Rs.400
C. Rs.500
D. Rs.600
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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