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 the expected rate of inflation would.
Question # 2
If desired spending in the economy exceeds income we would expect.
Question # 3
The question "What is living? is important in
Question # 4
A decrease in the quantity of money supplied shifts the money supply curve to the _____ and the LM curve to the
Question # 5
An increase in the quantity of money supplied shifts the money supply curve to the_______ and the equilibrium interest rate
Question # 6
A recurring theme in economics is.
Question # 7
The impossibility of negative gross investment provides a______ to fluctuations in.
Question # 8
Suppose nominal GNP is Rs.500 in year 1, the base year If the GNP deflator doubles by year 6 while real output has increased 40% nominal output in year 6 equals.
Question # 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.
Question # 10
When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
Question # 11
an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
Question # 12
Knowledge of the money supply can lead to good predications of nominal GDP only
Question # 13
It essentially states that there is no relation between the variables of the problem.
Question # 14
The fifth five year plan was an attempt to stabilize the economy and improve the standard to living of the poorest segment of the population from __________ to ____
Question # 15
Price equal to.
Question # 16
A monopsony is
Question # 17
Which of the following does not apply to pareto efficiency.
Question # 18
Who defined research is a systematic development of logically related prepositions.
Question # 19
In monopolistic competition, firms desire to sell more output at equilibrium because.
Question # 20
Which of the policies in the table above an increase in social welfare according to pareto efficiency.
Question # 21
The automatic stabilization function of fiscial policy ensures that government expenditures _________ and government revenues __ during recessions.
Question # 22
Which of the following concepts represents the extra revenue a firm neceives from the services of an additional unit of a factor of production.
Question # 23
If the central bank prints more 10 billion and spends them then as a direct result of this action.
Question # 24
The low point in the business cycle is referred to as the
Question # 25
Skills that can be transferred to other employers are called.
Question # 26
Collection of well defined distinct objects thought of as a whole is called
Question # 27
A current account deficit means that a country may.
Question # 28
For a competitive firm the demand curve
Question # 29
In the balcne of payments, travel and tourism are included int he category of.
Question # 30
A straight line diagram can be drawn knowing the _______ and _____
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
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
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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
Absolute advantage is determined by
A. Actual difference in labor productivity between countries.
B. Relative difference in labor productivity between countries.
C. Both a and b
D. Neither a nor b
2
The demand curve of unitary elastic commodity is.
A. Rectangular hyperbola
B. Parabola
C. Straight line
D. None of these
3
In autarky equilibrium.
A. Production equals consumption
B. Export equal inmprts
C. There is no trade
D. All of the above
4
Which of the following is the second law of gossen.
A. Law of equal marginal utility.
B. Law of equi product
C. Theory of indifference curve
D. Law of diminishing marginal utility.
5
An example of discretionary fiscal policy would be.
A. The operation of the welfare sate
B. The operation of the processive federal income tax
C. A tax cut adopted to stimulate consumption
D. An interest rate out in plummeted to stimulate consumption
6
Arne Naess related to.
A. Political Philosophy
B. Aesthetics
C. Eco Philosophy
D. None of these
7
Scarcity means that
A. We cannot have everything that we might want
B. We have to make choices between the things we desire.
C. There are costs to just about any activity we undertake
D. We must give up some thing in order to obtain other things.
8
To help developing nations strengthen their international competitive rises many industrial nations have granted non nations udder the .
A. International commodity engravement's program
B. Multilateral contract program
C. Generalized system of preferences program
D. Export led growth program
9
An IOU of the Federal Reserve Bank of Scan Francisco to Bank of America is called.
A. Discourse
B. Federal funds
C. Reserves
D. Collateral
10
Increased levels of spending on imports
A. shift aggregate supply to the right
B. Shift aggregate supply to the left
C. Shift aggregate demand to the right
D. Shift aggregate demand to the left
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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