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.
How much is contributed by agriculture sector to GDP of the country.
Question # 3
_____________ represent the most widely used tool in international finance for measuring the average value of a currency relative to a number of other currencies
Question # 4
The value of a producer's output minus the value of the inputs if purchases from other producers is called the producer's
Question # 5
Consumers and firms are known as price takers only it
Question # 6
The largest source of tax revenue for the federal government is.
Question # 7
In monopoly when abnormal profits are made.
Question # 8
Extension and contraction of demand mean
Question # 9
When considering any kind of economics indicator, prices are important because.
Question # 10
Islam is against
Question # 11
In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.
Question # 12
What adjusts to restore general equilibrium after a shock to the economy.
Question # 13
Extremality's arise because there is a divergence between ____ and _
Question # 14
According to the balances growth theory
Question # 15
Horizontal integration may lead to internal economics of scale. Which of the following is not a type of internal economy of scale.
Question # 16
Relation between two numbers or variables are called.
Question # 17
When IMF was established.
Question # 18
Changes in subjective or objective factors.
Question # 19
The real value can be derived from a nominal value by
Question # 20
A Rs.10 increase in autonomous investment spending shifts is.
Question # 21
If price is initially above the equilibrium level.
Question # 22
What is the significance of underestimating transactions money.
Question # 23
Union of A with B is same as union of B with A, that is AUB = BUA is termed as
Question # 24
Who among the following was the leader of Monetarism
Question # 25
Direct investment and security purchase are classified as.
Question # 26
The multiplier accelerator model assumes _______ depends on.
Question # 27
In monopolistic competition firms profit maximize where
Question # 28
An increase in consumer income will increase demand for a __________ for decrease demand for a.
Question # 29
Economic theory assumes that people
Question # 30
In Nash equilibrium each player chooses the best strategy.
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
In the circular flow we would expect leakages to __________ injections.
A. equal
B. be less than
C. by greater than
D. Be less or greater than
2
The equilibrium level of saving is.
A. Rs.120
B. Rs.75
C. Rs.40
D. Rs.80
3
A higher GDP per capita may not mean that the quality of life has really improved because.
A. It measures wealth not income
B. It measures Gross Domestic product
C. It does not measure the quality of the items produced
D. it is only measured every five years
4
The ____ lag for fiscal policy is generally _____ than it is for monetary policy.
A. Recognition ; shorter
B. Recognition ; longer
C. Implementation ; shorter
D. Implementation ; longer
5
Extremality's arise because there is a divergence between ____ and _
A. Private costs, private benefits
B. Private costs, social costs of benefits
C. Social cost, social benefit
D. Insiders, outsiders
6
Which of the following is not included in gorses investment.
A. Business and residential constrcution.
B. Expenditures on consumer goods
C. Additions to business inventory
D. Expenditures on machinery
7
If all the elements of a matrix of any order are zero, it is called.
A. Identity matrix
B. Null matrix
C. Zero matrix
D. Both b and c
8
An autonomous increase in the value of the domestic exchange rate.
A. Increases output net exports and the interest rate.
B. Decreases output net exports and the interest rate
C. Decreases output and net exports and increases the interest rate.
D. Increase output and decreases net exports and the interest rate.
9
Shifting cultivation is found in
A. Tropical zone
B. Sub tropical zone
C. Both a and b
D. None of these
10
In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
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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