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.
If a monopolist's has only fixed costs and chooses that output at which marginal cost equals price. it will
Question # 2
Which of the following macro economic variables is the most seasonally pro cyclical.
Question # 3
When the price of foreign currency the exchange is above the equilibrium level.
Question # 4
If two sets contains the same number of distinct elements but not the same elements are called.
Question # 5
A monetary action consistent with the central bank selling bonds in the open market would be.
Question # 6
Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and
Question # 7
An economics variable that moves in the same direction as aggregate economic activity is called.
Question # 8
Increasing the government budget deficit.
Question # 9
Tax incidence is the
Question # 10
The difference between what consumers have to pay for a particular and what they are willing to pay is known as.
Question # 11
Most of the nationalized enterprises showed
Question # 12
Which of the following taxes is regressive
Question # 13
The application of the trickledown effect policy in 1960s was resulted in.
Question # 14
If equilibrium national income is less than the full employment the gap can be closed by.
Question # 15
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 # 16
Social research aims at.
Question # 17
the relation of productivity and income is discussed by Nurkse in.
Question # 18
The opportunity cost of holding currency decrease when
Question # 19
Firm in oligopoly are likely to.
Question # 20
An increase in spending those results from expansionary _______ policy cause the interest rate to.
Question # 21
Leakages from the circular flow are____ and _____
Question # 22
The low productivity of capital in Pakistan is due to.
Question # 23
What is the level of savings for disposable income = Rs.5,000 if dissaving's of 50 occur at a disposable income of Rs.0 and a marginal propensity to save equal to 0.257
Question # 24
Which of the following characteristics if Islamic economic system is true
Question # 25
If tastes are identical between countries then comparative advantage is determined by
Question # 26
When the level of income _______ there will be atendency for the trade balance to improve as imports.
Question # 27
Which is the most volatile component of aggregate demand.
Question # 28
All of the following are type of monetary policy except
Question # 29
The two main characteristics of the production function are.
Question # 30
Union of A with B is same as union of B with A, that is AUB = BUA is termed as
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
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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
A
Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
A
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
Wellbeing of all individual living things is the primary concern of.
A. Biocentrism
B. Eco centreman
C. anthropocentrism
D. None of these
2
A decrease in the quantity of money supplied shifts the money supply curve to the _____ and the LM curve to the
A. right ; left
B. right ; right
C. left ; left
D. left ; right
3
If two sets contain the same distinct elements, then they are called.
A. Equal sets
B. Unequal sets
C. Equivalent sets
D. All of the above
4
Which of the following changes shifts the SRAS curve down.
A. An increase in the labor force
B. An increase in the money supply
C. A decrease in government purchases
D. A decrease in firms costs
5
Who said that research studies have differing degree of purity and applicability.
A. Faraday
B. Julious Smon
C. Morry
D. Bogardus
6
Academic community is otherwise called.
A. General public
B. Target audience
C. Participant audience
D. Scientific community
7
The increase in base money divided by the corresponding induced increasing commercial bank deposits is the.
A. Bank's line of credit
B. Reserve ratio
C. Current ratio
D. Money multipiler
8
A negative definite Hessian fulfills the second order conditions for.
A. Maximum
B. Minimum
C. both maximum and minimum
D. Mini max
9
Should international transpiration costs decrease, the effect on international trade would include a.
A. Increase in the volume of trade
B. smaller gain from trade
C. Decline in the income of home producers
D. Decrease in the level of specialization production.
10
Research design indicate a plan of action to be carried out in connection with a proposed.
A. Research proposal
B. Research methodology
C. Research abstract
D. Research work
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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