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.
About __________ of land is cultivated through irrigation water.
Question # 3
Disposable income is obtained by subtracting ________ taxes from personal income
Question # 4
If the price of factor A is Rs.8.00 per hour, and its marginal product is 10 units, and the price of factor B is Rs. 5.00 and its marginal product is 9, is the producer is likely to.
Question # 5
Which of the following does not apply to pareto efficiency.
Question # 6
The prisoners Dilemma Game demonstrates that.
Question # 7
At level of income and output of 100 in the diagram above
Question # 8
Which of the following macro economic variables is the most seasonally pro cyclical.
Question # 9
If the prices of both goods increase by the same percent the budget line will
Question # 10
When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.
Question # 11
There is positive relationship between multiplier and.
Question # 12
Which among the following is a material for statics.
Question # 13
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals.
Question # 14
the difference between actual and planned expenditure is equal to.
Question # 15
A drop in the price of compact disc shifts the demand curve for prerecord tapes leftward from that you know that compact discs and precorded tapes are.
Question # 16
If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
Question # 17
Except for taxes to offset ___ taxes are.
Question # 18
The determinant of a matrix and that of its transpose are
Question # 19
If two sets contain the same distinct elements, then they are called.
Question # 20
Which kind economics deals with issues such as unemployment inflation, and economic growth.
Question # 21
Why is the law of diminishing marginal returns true.
Question # 22
An optimal tariff is one which reduces imports to the level at which ___ equals
Question # 23
A public good will
Question # 24
The fundamental economic problem faced by all societies is.
Question # 25
What happens to the money supply if the deficit is financed by selling bonds to the central bank.
Question # 26
Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.
Question # 27
What is the refers to any collection of specified group of human beings
Question # 28
Rate of growth of an economy is measured in terms of
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Noor Ulain07 - Feb - 2023
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
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
Money and income are.
A. Mirror image of each other
B. Two quite different concepts
C. Both measured as a per annum flow
D. Two ways of looking at the same thing.
2
In closed economic model aggregate demand is not sensitive to.
A. Interest rates
B. Exchange rates
C. Price level
D. Tax policy
3
The overall Budget Deficit is financed from
A. External borrowing
B. Non bank borrowing domestically
C. Bank borrowing plus the above two at a and b
D. None of the above
4
Which characteristic of the following is not belonging to statistics as a method.
A. A tool of analysis
B. Helps processing the raw
C. Descriptive nature
D. Processing done by systematic analysis and interpretation
5
When aggregate economic activity is declining , the economy is said to be in.
A. A contraction
B. An expansion
C. A trough
D. A turning point
6
International trade forces domestic firms to become more completive in terms of.
A. The introduction of new products
B. Product design and quality
C. Product price
D. All of the above
7
Which of the following procedures is included in the process that produces a value for disposable personal income
A. subtracting excies and sales taxes
B. Subtracting nonbusiness interest
C. Subtracting transfer payment from government.
D. subtracting income taxes
8
The law of demand states that
A. As the quantity demanded rises, the price rises
B. As the price rustiest he quantity demined rises
C. As the price rises, the quantity demanded falls
D. As supply rise, the demand rises
9
The equilibrium level of Y and I derived from the LM and IS equations above is.
A. Y = 130 and I = 10%
B. Y = 200 and I = 30%
C. Y = 180 and I = 7%
D. Y = 250 and I = 2%
10
Some goods are not closely related to each other and are neither substitutes nor complements for such goods the cross price elasticity of demand would be.
A. Positive
B. Negative
C. Zero
D. Cannot tell without more information
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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