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.
The exchange rate is kept the same across geographically separate markets by
Question # 2
In Islamic economic system business is allowed in the field of.
Question # 3
A consumer is said to be in equilibrium when the marginla utility and price of a commodity
Question # 4
A monopolist who is charging high price operates on.
Question # 5
One of the following has more elastic demand.
Question # 6
A welfare less occurs in monopoly where
Question # 7
What is the average money balance according to the square root rute if income is Rs.1500, each transaction cost is Rs.4, and the opportunity cost of holding money is.2%
Question # 8
Keynes considered subjective and objective factors.
Question # 9
Second step in problem formulation is
Question # 10
An increase in the marginal propensity to consume will
Question # 11
The Central Bank controls money and credit with the exception of.
Question # 12
Shifting cultivation is found in
Question # 13
The demand for labor slopes down and to the right because of.
Question # 14
Which of the following is not a way of helping developing economics.
Question # 15
The estimated regression coefficient for good Y indicates
Question # 16
Time lags which often erode effectiveness of monetary and fiscal policy measures represent.
Question # 17
What makes economics scientific.
Question # 18
A tax of 18 cents per unit of imported cheese would be an example of a.
Question # 19
Economic growth is shown on the production possibility frontier as.
Question # 20
When a tax is levied on a good.
Question # 21
An expansionary supply side shock results in.
Question # 22
Islamic economics is a social science which studies the economics of people living within the frame work of.
Question # 23
Immediately after a through we would expect to have al
Question # 24
To maximize revenue, an excise tax should be imposed on a product
Question # 25
When the demand curve is a straight line the elasticity of demand at the center point will be.
Question # 26
Marginal utility is equal to average utility at that time when average utility is.
Question # 27
In a recession a government.
Question # 28
Qualitative research focuses primarily on the meaning of.
Question # 29
The value of a household's assets minus the value of its liabilities is called.
Question # 30
All of the following are benefits of the single market except.
Usman Shahinshah06 - Jun - 2024
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Shoaib khan11 - Oct - 2022
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Noor Ulain07 - Feb - 2023
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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Shad Ali Shah08 - May - 2024
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G Ali11 - Oct - 2023
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muhammad irfanatta28 - May - 2024
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Munawer Ali15 - Feb - 2023
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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Hira Bukhari08 - May - 2023
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
The effects of inflation on the price competitiveness of a country's products may be offset by
A. An appreciation of the currency
B. A revaluation of the currency
C. A depreciation of the currency
D. Lower inflation abroad
2
In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage
3
"Income inequality can be high in the free market and should be reduce ".This is an example of what.?
A. Judicial economic statement.
B. Positive economic statement
C. Formative economic statement
D. Normative economic statement
4
For a borrower an increase in the real interest rate will lead to.
A. Higher current consumption and less borrowing
B. Higher current consumption and less saving
C. Lower current consumption and less borrowing
D. Lower current consumption and less saving
5
A utility contour shows all the alternative combinations of two consumption goods that.
A. Can be produced with a given set of resources and technology
B. Yield the same total of utility
C. Can be purchased with a given budget at given prices
D. Equate the marginal utilities of these goods and therefore make the consumer indifferent between them.
6
The first step in formulating a problem is.
A. Statement of the prblem
B. Gathering of data
C. Measurement
D. Survey
7
A decrease in the marginal propensity to import will lead to.
A. An increase in GNP
B. Lower the multiplier
C. An increase in imports
D. A decrease in imports
8
The price elasticity of demand is teh same thing as the negative of the
A. Slope
B. Reciprocal of slope
C. The first derivative of the demand function
D. Reciprocal of slope times the ratio of price to quantity
9
Where there is an equal increase in net tax revenue and government spending, ceteris paribus.
A. (C+I+G) is shifting upward
B. (C+I+G) is shifting downward
C. (C+I+G) does not shift
D. All of these
10
A mathematical statement setting two algebraic expressions equal to each other is called.
A. Equations
B. Hypothesis
C. Inequality
D. All of above
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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