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.
Budget 2012 -2013 total volume is Rs. _______ billion.
Question # 2
When a government prints money to finance its expenditures it is likely to cause
Question # 3
An increase in the real wage rate will cause.
Question # 4
According to Keynes the exogenous factors like technology increase in population and discovery of new markets are the reasons. of.
Question # 5
Logical rezoning process consists of induction and
Question # 6
The fundamental economic problem faced by all societies is.
Question # 7
Export led growth strategies tend to emphasize.
Question # 8
Which method is used for finding inverse of a matrix.
Question # 9
With no government and foreign trade sectors savings always equals.
Question # 10
Who stated statistics as 'aggregate of knowledge brought together for practical ends.
Question # 11
A proposition which can be putto test to determine validity
Question # 12
Keynes considered subjective and objective factors.
Question # 13
What is embodies sampling.
Question # 14
Demand for primary products is likely to be
Question # 15
Increase un employment benefits and less incentive to work would.
Question # 16
Which of the following changes shifts the long run aggregate supply curve to the right.
Question # 17
if in a matrix , the number if rows is the same as the number of columns, it is called.
Question # 18
Why does it make sense in assume that people are rational, if you want to predict their behavior.
Question # 19
Th transpose of the cofactor matrix is called.
Question # 20
Small size of market is the primary cause of under development according to.
Question # 21
An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________
Question # 22
The business cycle is not transmitted from one country to another through.
Question # 23
In a less developed country.
Question # 24
In capitalistic economy price is determined by
Question # 25
What is the production level for public good W, if the government uses full cost pricing.
Question # 26
As the required reserve ratio is decreased the money multiplier.
Question # 27
A monopoly there is
Question # 28
For commodities, X and Y, the possibilities are X is preferred to Y , Y is preferred to X or X and Y are equally preferred, In indifference curve analysis, this is known as the.
Question # 29
If the economy grows the government's budget position will automatically
Question # 30
In which of the following situations will an increase in the money supply have no effect upon equilibrium income.
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
O kun's Law states that for each percentage point by which the unemployment rate is above the natural rate real GNP is 3% below potential GNP, if real GNP is Rs. 3,800 billion with the actual level of unemployment at 6.05 and the natural rate of unemployment at 4.5% then according to Okun's law the GNP gap is.
A. 171 billion
B. 684 billion
C. 114 billion
D. 228 billion
2
A monetary expansion is characterized by
A. Rising output and interest rates
B. Rising output and falling interest rates.
C. Constant output and falling interest rates
D. Falling output and interest rates
3
"Principles of economics" is the book of
A. Robbins
B. Adam smith
C. Hicks
D. Marshall
4
If people are made unemployed because of a fall in aggregate demand this is known as.
A. Frictional unemployment
B. Seasonal unemployment
C. Cyclical unemployment
D. Structural unemployment
5
The NAFTA is a
A. Monetary union
B. Free trade area
C. Common market
D. Customs union
6
When imports from a higher cost supplier with in customs union replace imports from a lower cost supplier outside the custom union, there exists.
A. Trade creation
B. Trade diversion
C. Dynamic welfare effects
D. Comprehensive welfare efffects
7
Land will be allocated between competing uses so that.
A. Housing gets priority
B. Industry gets priority
C. Faming gets priority
D. The equilibrium rental rate equilibrium total demand with supply
8
A variable which is free to take any value we choose to assign to it is called.
A. Dependent variable
B. Independent variable
C. Endogenous variable
D. Explained variable
9
Silent spring is written by
A. Spinoza
B. Paul Taylor
C. Arne Naes
D. Rachel Carison
10
Which of the following best defines price discrimination.
A. Charging different prices on the basis of race
B. Charging different prices for goods with different costs of production
C. Charging different prices based on cost of service differences.
D. Selling a certain product of given quality and cost per unit at different prices to different buyers
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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