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.
It essentially states that there is no relation between the variables of the problem.
Question # 2
Local correspondent's method can be applied only where a high degree of precision is not.
Question # 3
Cash crops cover nearly ____________ of the cropped areas
Question # 4
That the division of labor is limited by the size of the market best applies to which explanation of trade.
Question # 5
That the division of labor is limited by the size of th market best applies to which explanation of trade.
Question # 6
Which of the following macro economics variables is a cyclical.
Question # 7
Efficiency wages are_______ that raise
Question # 8
If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.
Question # 9
In long run equilibrium a monopolistically competitive firm will find.
Question # 10
A temporary decline in productivity would cause the IS curve to.
Question # 11
The index used most often to measure inflation is the
Question # 12
In the money market a condition of excess demand for money can be eliminated by a __________ in aggregate output or a ____ in the interest rate both of which reduce the quantity of money demanded.
Question # 13
Arne Naess related to.
Question # 14
Sum of squares of the deviations about mean is.
Question # 15
International trade is based on the idea that.
Question # 16
Defined as a tentative or working proposition suggested as a solution to a problem.
Question # 17
The regression results indicate that the standard error of estimate is.
Question # 18
The ancient Greek philosopher who tried to analyze isolated exchange because markets with standardized products were relatively rare during his are was.
Question # 19
The trade model of the Swedish economists Hackscher and Ohlin maintains that.
Question # 20
Industries that are extremely sensitive to the business cycle are the.
Question # 21
The ratio of debt to GDP will be larger
Question # 22
The purpose of financial intermediaries is.
Question # 23
Which industrialization policy has developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation.
Question # 24
If the exchange rate is above the equilibrium level.
Question # 25
Most tariffs have
Question # 26
The budget deficit tends to decrease when
Question # 27
Friend man's theory of consumption focuses on
Question # 28
A shift in tastes loward foreign goods______ net exports and causes the quantity of aggregate output demanded to.
Question # 29
If the marginal revenue is less than the marginal cost then to profit maximize a firm should.
Question # 30
If the nominal money supply doubles while real money demand is unchanged what happens to the price level.
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
S
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
S
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
The dynamic aggregate demand schedule shifts rightward when there is an increase in.
A. The expected rate of inflation ceteris paribus
B. The growth rate of the nominal money supply ceteris paribus
C. The income tax rate ceteris paribus
D. the current inflation rate celeries paribus
2
Division of labor is made according to the size of market is the view of
A. M.P.Todaro
B. Leibstein
C. Rostow
D.
Adam smith
3
An indifference curve gives
A. the actual combination of goods that consumer chooses
B. the minimum choice of the consumer
C. the highest level of satisfaction
D. None of these
4
If a simultaneous and equal percentage decrease in the use of all physical inputs leads to a larger percentage decrease in physical output a firm's production function is said to exhibit.
A. Decreasing returns to scale
B.
Constant returns to scale
C. Increasing returns to scale
D. Diseconomies of scale
5
Given the data above, the empirical equation for the IS curve is.
A. Y = 275 + 10 i
B. Y = 225 + 50 i
C. Y = 250 - 10 i
D. Y = 275 - 501
6
Conspicuous consumption on unproductive assets and luxurious goods is considered against the concept of.
A. Islamic consumption
B. Taqva is Islam
C. Spending in Islam
D. Islamic production
7
The public sector includes.
A. Investors owning companies
B. Government ownership of assets
C. Market forces of supply and demand
D. All trade via barter
8
If a monopoly is unable to cover its short run variable costs, if should.
A. Shut down
B. Raise price
C. Lower price
D. Increase output
9
The reduction or covering of foreign exchange risk is called.
A. Hedging
B. Speculation
C. Intervention
D. Arbitrage
10
For perfectly competitive firm
A. Price equals marginal revenue
B. Price is greater than marginal revenus
C. Price equal total revenue
D. Price equals total cost
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.
Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
Share your comments & questions here
No comments yet. Be the first to comment!