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.
Which of the following strategies have developing countries not used to deal with the problem of unstable export markets.
Question # 2
In capitalistic economy price is determined by
Question # 3
Leakages from the circular flow are____ and _____
Question # 4
The costs of disinflation would be low if
Question # 5
The celling in the 1972 land reforms was lower being 150 acres for irrigated and ________ acres for unirrigated.
Question # 6
The long run aggregate supply curve
Question # 7
The automatic stabilization function of fiscial policy ensures that government expenditures _________ and government revenues __ during recessions.
Question # 8
When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
Question # 9
The price elasticity of demand measures
Question # 10
In long run equilibrium a monopolistically competitive firm will find.
Question # 11
"No two elements of a set are identical" this statements is.
Question # 12
When the price of a pizza decreased from 1200 Rupees to 1000 Rupees, it is definitely the case that the.
Question # 13
Economic transition involves high inflation because ______ and _____
Question # 14
All economic model ae based on
Question # 15
Menu costs in relation to inflation refer to
Question # 16
Eco Philosophy mainly deals with ethical part
Question # 17
In 1992 foreign currency accounts were frozen due to economic sanctions imposed due to.
Question # 18
Why might a country resist globalization.
Question # 19
Which among the following is a material for statics.
Question # 20
If the money supply change was correctly and fully anticipated for a change of M to MI new classical macroeconomics under the assumption of rational expectations would predict a movement from.
Question # 21
It enables the researcher to acquaint himself with current knowledge in the field in which he is going to conduct his research.
Question # 22
In the balance of payments, travel and tourism are included in the category of
Question # 23
If the price of automobile were to decrease substantially the demand curve for automobiles would most likely.
Question # 24
In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.
Question # 25
The cliche that "the punishment should fit the crime" originated in the writing of.
Question # 26
Which of the following macro economic variables is procyclical and coincident with the business cycle.
Question # 27
The two main characteristics of the production function are.
Question # 28
The accelerator assumes.
Question # 29
The law of diminishing returns states that as more of a variable factor is added to a certain amount of a fixed factor beyond some point.
Question # 30
When planned consumption equals Rs. 40 + 0.90 Yd and planned investment is Rs.50, the equilibrium level of income is.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
S
Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
N
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
G
G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
M
muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
M
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
To reduce the supply of money the government could.
A. Reduce interest rates
B. Buy back government bonds
C. Sell government bonds
D. Encourage banks to lend
2
Debt repayment defense spending and general administrative expenditures consume ___ of Pakistan's annual budget.
A. 60 percent
B. 65 percent
C. 70 percent
D. 80 percent
3
A firm's long run average total cost lineis
A. Identical to its long run marginal cost line
B. Also its long run supply curve
C. In fact the average total cost curve of the optimal plant
D. Tangent to all the curve of short run average total cost
4
The price mechanism cannot.
A. Act as a signal
B. Act as an incentive
C. Act as a rationing device
D. Shift the demand curve
5
Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
6
if in a matrix , the number if rows is the same as the number of columns, it is called.
A. Singular matrix
B. Non singular matrix
C. Square matrix
D. Column vector
7
If the production function is Q = 8 KL the marginal rate of technical substitution of labor for capital is.
A. 8
B. K/L
C. L/K
D. B/KL
8
Price equal to.
A. Total revenue -quantity
B. Total revenue/quantity sold
C. total quantity sold * quantity sold
D. Total revenue/total cost
9
The government budget surplus equals
A. Government purchases plus transfers
B. Net government receipts minus government purchases
C. Government purchases minus net receipts
D. Government purchases minus transfers.
10
Forced labor is one of the greatest injustice in the world according to.
A. Imam Abu Yousaf
B. Imam Abu Qasim
C. Khalil Jabran
D. Ibn e Khaldun
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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