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.
When desired national saving equals desired national investment what market is in equilibrium.
Question # 2
An autonomous rise in __________ note causes by a change in the price level aggregate output of the interest shifts the _________ curve to the
Question # 3
A monetary action consistent with the central bank selling bonds in the open market would be.
Question # 4
Expansionary monetary policy
Question # 5
An ethics that treats only humans as morally considerable is called.
Question # 6
Using the Keynesian model the effect of a government imposed celling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause._ in the real interest rate and _ in input out in the short sun.
Question # 7
The "balance of trade" is a record of.
Question # 8
Why might a country resist globalization.
Question # 9
In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers
Question # 10
A_______ is an example of a quota where foreigners hold quota licenses.
Question # 11
The term of trade in Pakistan remained unfavorable regarding.
Question # 12
The larger the required reserve ratio the.
Question # 13
The equilibrium price clears the market it is the price at which.
Question # 14
Firms are assumed to ____ costs and to _______ profit.
Question # 15
In Balance of payments accounting tourism and travel are classified in the
Question # 16
The cliche that "The punishment should fit the crime " originated in the writings of.
Question # 17
An increasingly higher marginal income tax is
Question # 18
Regarding Industrial development in Pakistan in 1960 following policy was adopted.
Question # 19
If personal income equals Rs.570 white personal income takes equal Rs.90 consumption is Rs.430. interest payments total Rs. 10 and personal saving is Rs. 40, disposable income equals.
Question # 20
Mercantilism.
Question # 21
Why is the law of diminishing marginal returns true.
Question # 22
Given or known values in an equation are called.
Question # 23
In substitution effect a consumer
Question # 24
Tariffs.
Question # 25
The impact and incidence of sales tax is
Question # 26
AB = BA = 1 , then B is said to
Question # 27
A decrease iin money demand other thing equal shifts the _____ curve to the
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
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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
17/30
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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
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Marginalize and the idea that pricing reflects marginal utility and demand was a movement way from
A. the quantity theory of money
B. The labor theory of value
C. Mercantilism
D. None of these
2
In the ISLM framework an expansionary monetary policy causes aggregate output to _____________ and the interest rate to
A. increase ; increase
B. Increase ; decrease
C. decrease ; decrease
D. decrease ; increase
3
In autarky when a community maximizes its standard of living its production points is.
A. Below the production possibility frontier
B. On the production possibility frontier
C. Above the production possibility frontier
D. Can't tell without more information.
4
Which of the following macro economic variables is procyclical and coincident with the business cycle.
A. Residential investment
B. Nominal interest rates
C. Industrial production
D. Unempolyment
5
Substance forming is found in
A. South Asia
B. Central Africa
C. Both a and b
D. None of these
6
In the neoclassical theory of growth a higher saving rate leads to.
A. A higher growth rate
B. A fluctuating growth rate
C. A lower growth rate
D. No change in the growth rate
7
The marginal Revenue product is.
A. Upward sloping due to the law of demand
B. Upward sloping due to the law of marginal utility
C. Downward sloping due to the law of diminishing returns.
D. Downward sloping due to the law of supply
8
With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.
A. Increased
B. Unaffected
C. Reduced
D. All of the above
9
in The Liquidity trap region
A. Fiscal policy is not effective
B. Monetary policy is completely ineffective
C. Monetary policy is completely effective
D. Fiscal policy and monetary policy are equally effective
10
Developing economies usually
A. Have large industrialized sectors
B. Are dependent on primary products
C. Have high levels of wealth
D. Earn more from exports than is spent on imports
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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