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.
An increase in investment leads to an increase in income and consumer spending, which in turn leads to a further increase in investment spending This is example of.
Question # 2
Research may be made through either arbitrary method of
Question # 3
Micro economics studies such topics as
Question # 4
Case study may be a source of hypothesis of.
Question # 5
The are price elasticity of demand is approximately
Question # 6
If the nominal money supply doubles while real money demand is unchanged what happens to the price level.
Question # 7
If people are made unemployed because of a fall in aggregate demand this is known as.
Question # 8
Islam is against
Question # 9
A polynomial equation with degree two a called.
Question # 10
A monopolist who is charging high price operates on.
Question # 11
The largest source of tax revenue for the federal government is
Question # 12
By financial crowding our economists mean
Question # 13
If the Bank of Pakistan wished to pursue an expansionary monetary policy it would.
Question # 14
A situation in which firms choose their best strategy given the strategies chosen by the other firms in the market is called.
Question # 15
A linear function of the form 6x2 - 2y + 8 = 0 is known as.
Question # 16
The marginal rate of substitution of two goods can be obtain from
Question # 17
In the Keynesian model in the long run an increase in the money supply will raise
Question # 18
Money must fulfill all of the following functions except.
Question # 19
A tariff can________ raise a country's welfare.
Question # 20
A variable which is free to take any value we choose to assign to it is called.
Question # 21
If the coefficient of income elasticity is negative.
Question # 22
The marginal propensity to consume is equal to.
Question # 23
In the classical model of Ricardo the direction of trade is delemined by.
Question # 24
In Vann diagram the universal set is represented by
Question # 25
Demand pull inflation may be caused by
Question # 26
If a nation has an open economy it means that the nation.
Question # 27
"The impact on this monetary aggregate of extensive finance innovation -the changes in the kinds of deposits and services offered by banks led the central bank to drop M1 as a n intermediate target with the changes in the way the public was holding payments balances the M1 aggregate no longer that the same reliable link to.
Question # 28
A change that increases the real money supply relative to real money demand causes.
Question # 29
An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
Question # 30
In the 1930s, when Keynes was alive a expansionary fiscal policy taking everything else constant would have led to.
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
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
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G Ali11 - Oct - 2023
16 Min 36 Sec
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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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
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
If the rate of growth of a full employment labor forc eis 1.55 and 2.55 then the celling rate of growth of real GNP, according to Hick's theory of a constrained business cycle,is.
A. 1.5 %
B. 2.55
C. 4.0%
D. 1.7%
2
Object of case study is to.
A. Gueralise theory
B. Datives theory
C. Expand theory
D. Flexible data collection
3
If marginal cost is positive and falling.
A. Total cost is falling
B. Total cost is increasing at a falling rate
C. Total cost is falling at a falling rate
D. Total cost is increasing at an increasing rate.
4
If an individual has a money income M of Rs. 999 , the price of X is rs.7.00 per unit and ithe price of Y is Rs. 300 per unit find the equation for the budget lines.
A. Y = 333 - (7/3) x
B. Y = 142 - (7/3) x
C. Y = 142- (3/7) x
D. Y = 323 - (7/3) x
5
The price elasticity of demand measures
A. The responsiveness of quantity demanded to a change in prie.
B. How far a demand curve shifts
C. A change in price
D. A change in quantity demanded
6
The demand for labor is the same as the
A. Marginal revenue product
B. Marginal physical product
C. Marginal cost
D. Wage
7
As long as all prices remain constant an increase in money income results in.
A. An increase in the slope of the budget line
B. A decrease in the slope of the budget line
C. An increase in the intercept of the budget line.
D. a decrease in the intercept of the budget line.
8
Classical design is a type of
A. Basic research
B. Applied research
C. Action research
D. Exploratory research
9
"The impact on this monetary aggregate of extensive finance innovation -the changes in the kinds of deposits and services offered by banks led the central bank to drop M1 as a n intermediate target with the changes in the way the public was holding payments balances the M1 aggregate no longer that the same reliable link to.
A. Tax rates
B. The money supply
C. Aggregate demand
D. Government spending
10
Which of the following are functions of inferential statistics.
A. Estimation
B. Testing of hypothesis
C. Both a and b
D. None 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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