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 is an automatic stabilizer.
Question # 2
What is the share of rural population in the total population of Pakistan.
Question # 3
Import substitution is an example of
Question # 4
In the ISLM frame work a contractionary fiscal policy causes aggregate output to ___________ and the interest rate to
Question # 5
To adjust from gross National Product to Net National Product
Question # 6
Should international transpiration costs decrease the effect on international trade would include a.
Question # 7
An economy may operate outside the production possibility frontier it.
Question # 8
To be productively efficient a firm must produce where
Question # 9
When marginal revenue equals marginal cost
Question # 10
A tariff -rate quota
Question # 11
In the classical model of Ricardo the direction of trade is determined by
Question # 12
According to principle of Islamic economics interest free banking was started in the fim of PLS account.
Question # 13
The equation for the LM curve is.
Question # 14
Demand for labour is more likely to be wage inelastic if.
Question # 15
If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by
Question # 16
Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as agued rto resource allocation.
Question # 17
The gift exchange motive suggests that
Question # 18
Production of vegetables and fruits is termed as
Question # 19
Nominal GNP measures income
Question # 20
Theory is a set of systematically related propositions specifying casual relationship among variables is defined by
Question # 21
R.M. Solow in his model assumes that the prices and wages are.
Question # 22
The law of diminishing marginal returns to a factor of production is.
Question # 23
When the price of foreign currency the exchange is above the equilibrium level.
Question # 24
Which financial instruments provide a buyer the right to purchase or sell a fixed amount of currency at a prearranged price within a few days to a coupled of years.
Question # 25
In a typical cartel agreement the cartel maximizes profit when it.
Question # 26
What is the reason for dropping the enumeration process.
Question # 27
Indifference curve approach is also called.
Question # 28
Under the constitution of Pakistan National Finance Commission distribute the amount from Federal taxes to provinces on the basis of.
Question # 29
In the calculation of gross domestic product net exports are.
Question # 30
Cross -elasticity following commodities is very high
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
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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
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G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
M
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
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
facts are empirically verifiable
A. Research
B. Obserevations
C. theory
D. Data
2
In _________ the government replaced the development board with a new autonomous body called the planning board.
A. 1951
B. 1952
C. 1953
D. none of the above
3
In the long term a firm will produce provident the revenue covers.
A. Fixed costs
B. Variable cost
C. Total costs
D. Revenue
4
The quantity of money demanded increases with income Thus if income increases the opportunity cost of holding money demand and re establish equilibrium in the money market This relation is captured by.
A. An upward stopping LM curve
B. A downward sloping L curve
C. A downward sloping IS curve
D. The circular flow of money in the economy.
5
Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
A. Positive
B. Negative
C. Infinite
D. None of these
6
Union of A with A, that is A U A.
A. Complement of A
B. A itself
C. Con not be determined
D. None of these
7
Given or known values in an equation are called.
A. Constants
B. Parameters
C. Coefficients
D. All of the above
8
All currencies other than the domestic currency of a given country are referred to as.
A. Reserve currencies
B. Neal monies
C. Foreign exchange
D. Hard currency
9
A demand switching policy could be.
A. Higher interest rates
B. Higher income tax
C. Traiffs
D. Reduced government spending
10
An item designed as money that is intrinsically worthless could the.
A. A currency note
B. A silver coin
C. A barter item
D. Any tradeable commodity
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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