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.
A decrease in the effective tax rate on capital would cause the IS curve to.
Question # 2
The aggregate supply of labor is the
Question # 3
Applied research is problem oriented and
Question # 4
The law of diminishing marginal returns to a factor of production is.
Question # 5
All of the following are type of monetary policy except
Question # 6
If a good is normal then the demand curve for that good must be.
Question # 7
If the international terms of trade settle at a level that is between each country's opportunity cost.
Question # 8
Which of the following was a belief shared by utopian and scientific socialists.
Question # 9
A public good
Question # 10
The long run aggregate supply curve.
Question # 11
The Isoquant curve shows different combinations of two factors of production which give the producer.
Question # 12
The main assumption of Kaldor model is that the economy operates at the level of .
Question # 13
Because a monopoly hires workers up to the point where their marginal revenue product equals the wage rate the monopoly will.
Question # 14
Most Microeconomic models assume that decision makers wish to.
Question # 15
Everyone's absolute income doubles family A's APC, according to the simple Keynesian consumption function is expected to.
Question # 16
A sale of bonds by the central bank should cause.
Question # 17
In 1992 foreign currency accounts were frozen due to economic sanctions imposed due to.
Question # 18
The short term interest rates on bonds over the next 5 years is 6% , 7%, 9% ,10% and 8% according to the expectations Hypothesis, the interest rates on bonds with 5 years to maturity will be.
Question # 19
Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.
Question # 20
Ahmed regression model yields a Durbin Watson d statistic whose value is 0.002. The results indicate.
Question # 21
The central economic problem in an economy refers to.
Question # 22
An elasticity coefficient of -1 means that
Question # 23
Which of the following is not one of the four Ps in marketing.
Question # 24
International trade is based on the idea that
Question # 25
The income elasticity of inferior goods is
Question # 26
Which of the following could be a reason for the problem of lack of jobs being overestimated.
Question # 27
GDP difference between GNP because.
Question # 28
As the economy nears full capacity the short run aggregate supply curve
Question # 29
If the estimated values of Y and Py in 1987 are Rs. 30,000 and Rs. 8 respectively the marginal revenue of X is.
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
A
Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
A
azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
18/30
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
18/30
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G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
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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 notion of relationship is important is.
A. Land ethics
B. Deep ecology
C. Deontology
D. Ecosopy
2
A typical demand curve cannot be
A. Rising upwards to the right
B. A straight line
C. Concave to origin
D. Convex to origin
3
What does the phrases "there is no such thing as a free lunch'mean"
A. Individuals must always pay money for the food the eat.
B. No restaurant wner will provide food to patrons unless they pay her
C. Restaurant owners act selfishly
D. Consumption of any good requires that other goods be given up
4
Suppose there is full employment and positively sloped aggregate supply schedule A decrees in taxes increases.
A. The price level and real output
B. the prie level but has no effect on real output
C. Real output but has no effect on the price level
D. The nominal and real wage
5
In a free market
A. Government intervene
B. Government plan production
C. Government interfere
D. Price adjust to reconcile scarcity and desires.
6
In 1960s following policy was adopted regarding development
A. Port substitution
B. Agriculture development
C. Export promotion
D. All of these
7
A statistic in inferential statistics is related to which of the following.
A. Sample
B. Population
C. Botha a and b
D. None of these
8
Qualitative research focuses primarily on the meaning of.
A. Subjective attributes of individuals groups
B. Objective attributes of individuals or groups
C. Facts of Indi duals or groups
D. Descriptive attributes of individuals or groups
9
The negative slope of the demand curve indicates that there is _______ relationship between the price and the quantity demanded.
A. A direct
B. An inverse
C. A positive
D. No relationship
10
According to Lincoln, I. Chao what is the primary objective of modern statics.
A. Presentation of data
B. Collection of quantitative data
C. Assisting in making decisions
D. Summarization of data
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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