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.
An increase in investment is most likely to be caused by.
Question # 2
Following is the major source for a country to meet the deficiency of capital
Question # 3
if A = A , then A is
Question # 4
If marginal product is below average product.
Question # 5
If marginal utility is zero.
Question # 6
The best measure of economic developments is.
Question # 7
The monopolization of the competitive market results in a deadweight loss to society of
Question # 8
Given the demand function qo = -8p +2000 and tis inverse p = -1/8 qo + 250 ,p in the inverse function which is interpreted as the maximum price that buyers are willing to pay for the.
Question # 9
In the Keynesian model which curve is vertical.
Question # 10
Which of the following changes shifts the AD curve down and to the left.
Question # 11
An Engel curve is based on which one of the following assumptions.
Question # 12
If marginal revenue equals marginal cost
Question # 13
Which of the following does not apply to pareto efficiency.
Question # 14
According to Marshall the basis of consumer surplus is.
Question # 15
A disadvantage of the barter system is that
Question # 16
The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.
Question # 17
An optimal tariff is one which reduces imports to the level at which ___ equals
Question # 18
A monopolist will discontinue production if
Question # 19
The marginal rate of substitution for two goods can be obtained from
Question # 20
The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.
Question # 21
Social science Research
Question # 22
The agricultural price support program is an example of.
Question # 23
What is the process of summarizing raw data and displaying them on compact statistical tables for further analysis.
Question # 24
The money multiple tells us teh ultimate increase in.
Question # 25
The average total cost of a wedge increases from Rs. 0.79 ro Rs. 0.83 Evidently
Question # 26
Estimation is the process of.
Question # 27
An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
Question # 28
Which of the following is most likely to benefit a debtor.
Question # 29
A monopoly market.
Question # 30
In the ISLM frame work a contractionary fiscal policy causes aggregate output to ___________ and the interest rate to
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Noor Ulain07 - Feb - 2023
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08 Min 22 Sec
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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
15/30
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
An economy that has achieved full production has achieved
A. Both allocative and productive efficiency
B. Allocative but not productive efficiency
C. Productive but not allocative efficiency
D. Neither allocative nor productive efficiency
2
Tax collection estimate for year 2012-13 is Rs. _______ billion
A. 3,234
B. 3150
C. 3.064
D. None of the above
3
In economics we ofthe say that a particular event will occur "as long as other things stay the same. " The conduction that other thing saty the same is also called.
A. Ceteris paribus
B. Marginal decision making
C. Incentives
D. Secondary effects
4
If a price increase of good A increases the quantity demanded of good B, then good B is a.
A. substitute good
B. Complementary good
C. Bargain
D. Interior good
5
A consumer is said to be in equilibrium when the marginla utility and price of a commodity
A. More
B. Less
C. Irrelevant
D. Equal
6
In an open economy leakages to imports ______ the value of the multiplier.
A. Reduce
B. Increase
C. do not change
D. None of these
7
The increase in base money divided by the corresponding induced increasing commercial bank deposits is the.
A. Bank's line of credit
B. Reserve ratio
C. Current ratio
D. Money multipiler
8
when there is huge change in demand following method is used to measure elasticity of demand.
A. Percentage method
B. Arc method
C. Point method
D. Other method
9
Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.
A. Total revenue
B. Marginal physical product
C. Marginal revenues product
D. Marginal revenue.
10
The cliche that "the punishment should fit the crime" originated in the writing of.
A. Plato
B. Thomas Aquinas
C. Jeremy Bentham
D. David Hume
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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