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.
"Rising productivity does not in itself spell the end of inflation. With enough______ it would still be possible to whip prices into a froth the blank is best filled with.
Question # 3
Weighted monetary aggregates
Question # 4
Which of the following is a normative statement in economics.
Question # 5
One of money's primary roles in the economy comes from the use of money to transfer purchasing power to the future This role of money is called.
Question # 6
Major sector of the Pakistan economy in
Question # 7
A profit maximizing firm will hire labor until _______ equal the
Question # 8
Time lags which often erode effectiveness of monetary and fiscal policy measures represent.
Question # 9
The long run is a time period that is.
Question # 10
If economics when we say that people are rational, we mean that they.
Question # 11
In the circular flow we would expect leakages to __________ injections.
Question # 12
If the Central Bank wanted to decrease the quantity of money held by the public it would.
Question # 13
The short run supply curve for a competitive industry is derived by.
Question # 14
The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.
Question # 15
In the short run, the supply of farm commodities is.
Question # 16
the mar mist theory of dialectical materialism theoretically follows a sequence
Question # 17
Current account deficits are offset by
Question # 18
Reasoning from general to particular is called.
Question # 19
When the demand curve is vertical its shows that the demand is.
Question # 20
The fac that the production function relating output to labor becomes flatter as wemove from left to right means that.
Question # 21
An example of nondiscretionary fiscal policy would be.
Question # 22
Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and
Question # 23
Price equal to.
Question # 24
Inferential statistics is the branch of statistics which helps in inferring.
Question # 25
Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.
Question # 26
Disinflationary demand management policies.
Question # 27
The participation rate in the labour force is affected by
Question # 28
The natural rate of unemployed is generally thought of as the.
Question # 29
A decrease iin money demand other thing equal shifts the _____ curve to the
Question # 30
Life centered, ethics taken into account of action of.
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
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08 Min 22 Sec
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muhammad irfanatta28 - May - 2024
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
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A
Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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Hira Bukhari08 - May - 2023
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Which exchange rate mechanism is intended to insulates the balance of payments from short term capital movements while providing exchange rate stability for commercial transactions.
A. Dual exchange rates
B. Managed floating exchange rates
C. Adjustable pegged exchange rates
D. Crawling pegged exchange rates.
2
Which of the following is true.
A. If the marginal cost is greater than the average cost the average cost fallls.
B. If the marginal cost is greater than the average cost the average cost increases.
C. If the marginal cost is positive total costs are maximized
D. If the marginal cost is negatives total costs increase at a decreasing rate if output increases
3
In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.
A. 3>2>1
B. 3 +2>1
C. 3<2<1
D. Any measure can be larger or smaller than any other
4
Matrix multiplication does not satisfy
A. Associative law
B. Distributive law
C. Commutative law
D. None of the above
5
The law of diminishing returns states that as more of a variable factor is added to a certain amount of a fixed factor beyond some point.
A. Total Physical product begins to fall
B. The marginal physical product rises
C. The marginal physical product falls
D. The average physical product falls.
6
The impossibility of negative gross investment provides a______ to fluctuations in.
A. Celling, stock building
B. Celling, capital prices
C. floor , output
D. floor , the capital output ratio
7
The epigram "time is money" expresses , in part, the concept of.
A. Opportunity cost
B. Comparative advantage
C. Specialization
D. Efficiency in production
8
A production technique is technically efficient if.
A. Output is maximized
B. Input are minimized
C. there is no way to make a given output using less of one input and no more of the other inputs.
D. costs are minimized
9
Predicting is the one important role in
A. Deduction
B. Induction
C. Research
D. Vertifiablility
10
A decrease iin money demand other thing equal shifts the _____ curve to the
A. IS ; right
B. Is ; Left
C. LM ; Left
D. LM ; Rfight
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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