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 relationship between the exchange rate ad the prices of tradable goods is known as the.
Question # 2
The type of business in which an individual has unlimited responsibility for the debts of the organization.
Question # 3
Which of the following is a NOT component of M-2.
Question # 4
The respect for nature is a book written by.
Question # 5
If marginal product is below average product.
Question # 6
i- statistical laws are not exact
ii- statistics reveals the entire story
choose the correct from the following.
Question # 7
Pakistan's economic development planning began in.
Question # 8
Which of the following explains why demand curves slope downward.
Question # 9
The value of a household's assets minus the value of its liabilities is called.
Question # 10
If A is a square matrix of order ' n' and lis the unit matrix of the same order then A 1 is equal to.
Question # 11
Compared to the case of perfect competition, a monopolist is more likely to
Question # 12
In developing countries the co existence of modern and tadeonal method of production in urban and ruler sector is called.
Question # 13
Medieval scholastics, early Islamic thinkers, and Aristotie all agreed that.
Question # 14
The law of demand states that.
Question # 15
When a person received an increase in wealth, what is likely to happen to consumption and saving.
Question # 16
Which of the following is not a way of helping developing economics.
Question # 17
Which of the following is a characteristic of pure monopoly.
Question # 18
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.
Question # 19
Research design as the conceptual structure with in which the research is.
Question # 20
Unknown values in an equation are called.
Question # 21
The fac that the production function relating output to labor becomes flatter as wemove from left to right means that.
Question # 22
Mudaraba business is administered by the Mudaraba companies and Mudaraba rules .
Question # 23
Which of the following are function of inferential statistic.
Question # 24
In the Keynesian cross diagram a decline in autonomous consumer expenditure causes the aggregate demand function to shift down The equilibrium level of aggregate output to ___________ and the IS curve to shift to the
Question # 25
The expected profit from the profit distribution above is.
Question # 26
Which of the following is not a supply side measure.
Question # 27
If the price elasticity of demand for a product in market A is -0.2 and in market B is -3 a price discriminator will charge.
Question # 28
In order to constitute an oligopolistic market structure.
Question # 29
Supply is likely to be more price elastic.
Question # 30
The largest source of tax revenue for the federal government is
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
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Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
19/30
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
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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
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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
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
An example of nondiscretionary fiscal policy would be.
A. The operation of the welfare state
B. A Federal jobs program adopted to stimulate consumption
C. A tax cut adopted to stimulate consumption
D. An interest rate cut implemented to stimulate consumption
2
Suppose an individual spends all his income on only two goods, good X and good Y moreover suppose that you were asked to derive his price consumption curve for good Y Which of the following would be allowed to very.
A. Money income
B. The tastes of the consumer
C. The price of good X
D. The price of good Y
3
That the division of labor is limited by the size of the market best applies to which explanation of trade.
A. Factor endowment theory
B. Product life cycle theory
C. Economies of scale theory
D. Overlapping demand theory
4
Using the Keynesian model the effect of an increase in the effective tax rate on capital would be to cause _________ in the real interest rate and ______ in output in the short run.
A. A decrease ; a decrease
B. A decrease ; no change
C. No change ; a decrease
D. An increase ; an increase
5
Holding all other things constant a higher price for ski lift tickets would.
A. Increase the number of skiers
B. Increase the price of skis
C. Decrease the number of skis sold
D. Decrease the demand for other winter recreational activities
6
If the marginal revenue is positive
A. Selling another unit will increase total revenue
B. Selling another unit will increase profits
C. Selling another unit will increase cost
D. Selling another unit will increase average revenue
7
Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
8
A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above
9
Country A 's GNP is increasing by 3% a year in contrast to its population growth of 2.4% The rate of growth of per capita GNP is.
A. 3%
B. 0.85
C. 0.6%
D. 2.4%
10
The theory that is equilibrium workers wages will barely be adequate for biological needs is knows as the.
A. Labor theory of value
B. Convergence hypothesis
C. Subsistence theory of wages
D. Indicative planning model
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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