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.
if a consumer is purchasing only two commodities X and Y , and the marginal utility per dollar of Y is greater than the marginal utility per dollar of X to maximize total utility with the limited income the consumer should buy.
Question # 2
Projects A,B,C,D,E cost Rs. 100, Rs, 200, Rs. 300, Rs. 400, and Rs. 500 with MEC's of 0.07, 0.06,0.09 ,0.10 and 0.11 respectively. The market rate of interest is 8% Total investment spending is
Question # 3
If a maximum price is set below equilibrium there will be.
Question # 4
In the Keynesian cross diagram an increasing investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift _____ and the equilibrium level of aggregate output to.
Question # 5
Relation with other aspect of research creates.
Question # 6
At point of satiety marginal utilityis.
Question # 7
A tax of 20 cents per unit of imported cheese would be an example of a
Question # 8
It takes place with persons known to have been involved in particular concrete situations.
Question # 9
If labour productivity per week is 200 units and there are 5 employees what is the total output.
Question # 10
When due to change in price of commodity x demand of commodity y is charged it is called.
Question # 11
The marginal rate of substitution of two goods can be obtain from
Question # 12
Depreciation is.
Question # 13
Why is the law of diminishing marginal returns ture.
Question # 14
If firms join together to set prices and quantities this is known as what.
Question # 15
An increase in investment leads to an increase in income and consumer spending, which in turn leads to a further increase in investment spending This is example of.
Question # 16
The regression results indicate that the standard error of estimate is.
Question # 17
The mathematical theory of probability has helped to form the.
Question # 18
When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.
Question # 19
A firm that is a price taker faces a perfectly
Question # 20
What happens to the money supply if the deficit is financed by selling bonds to the central bank.
Question # 21
A circular constellation of force tending to act and react upon each other in such away to keep a poor country in a state of poverty is termed as.
Question # 22
A temporary decrease in government purchases would cause.
Question # 23
According to Marshall the basis of consumer surplus is.
Question # 24
Along the long run supply curve all of the following can vary except.
Question # 25
Current account deficits are offset by
Question # 26
What is the reason for the necessity of statistics in the field of social sciences.
Question # 27
In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.
Question # 28
At the intersection of AD and AS equilibrium is achieved in.
Question # 29
Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.
Question # 30
Logical rezoning process consists of induction and
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Sohaib Ali14 - Nov - 2024
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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
According to the Hackscher - Ohlin model the source of comparative advantage is a country's
A. Technology
B. Advertising
C. Factor endowments
D. both a and c
2
When we know the quantity of a product that buyers wish to purchases at each possible price we know.
A. Demand
B. Supply
C. excess demand
D. Excess supply
3
Find the revenue the government collects as a result of the tax
A. Rs.10 million
B. Rs.40 million
C. Rs.16 million
D. Rs.30 million
4
The impact of contractionary fiscal policy, according to new classical theory is that.
A. Real interest rates do not change
B. Aggregate demand increase
C. Current real output substantially decreases
D. The price level substantially increases.
5
A firm's total labor cost when six workers are employed is Rs.580 When seven workers are employed the total labor cost is Rs.700 the Rs. 120 change in total labor cost represents.
A. Marginal physical product
B. Marginal resources cost
C. Marginal cost
D. Marginal revenue
6
In economics money refers to
A. Income
B. Wealth
C. Assets use and accepted an payment
D. Currency
7
Personal inocme is obtained by adding which items to national income
A. Govt. transfer payments
B. Business transfer payments
C. Both a and b
D. None of these
8
Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.
A. Theory of factor endowments
B. Theory of overlapping demands
C. Economies of scale theory
D. Product life cycle theory.
9
If a good is normal then the demand curve for that good must be.
A. Downward sloping
B. Upward sloping
C. Perfectly elastic
D. Completely inelastic
10
Disposable income is obtained by subtracting ________ taxes from personal income
A. Indirect taxes
B. Direct taxes
C. Subsidies
D. None
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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