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 theory that is equilibrium workers wages will barely be adequate for biological needs is knows as the.
Question # 2
In _________ the government replaced the development board with a new autonomous body called the planning board.
Question # 3
Should international transpiration costs decrease, the effect on international trade would include a.
Question # 4
The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as.
Question # 5
Which provides the best explanation of the failure of many poor countries to experience economic growth as rapid as the rich countries..
Question # 6
Which of the following is often considered to be inconsistent with the notion of perfect competition.
Question # 7
The marginal revenue curve in monopoly
Question # 8
In which of the following situations will an increase in the money supply have no effect upon equilibrium income.
Question # 9
For a competitive firm the demand curve
Question # 10
If Supply and demand both decrease simultaneously. Which of the following will happen.
Question # 11
Reasoning from general to particular is called.
Question # 12
Everyone's absolute income doubles family A's APC, according to the simple Keynesian consumption function is expected to.
Question # 13
Suppose velocity is constant and the real income elasticity of the demand for money is less than one then estimating inflation as money growth rate minus real growth rate.
Question # 14
The conditions necessary for a firm to be able to price discriminate include.
Question # 15
Which of the following is a NOT component of M-2.
Question # 16
The multiplier that applies to changes in autonomous investment is identical to changes in.
Question # 17
Keynes owes the concept of multiplier to
Question # 18
All of the following are trade problems of developing countries except.
Question # 19
International trade in goods and services tends to
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
Under system fixed exchange rates which of the following policies promotes internal balance for a nation.
Question # 22
As a result of the increase in government expenditures disposable income increases by.
Question # 23
Investment is an out stable element of aggregate demand because is depends heavily on.
Question # 24
Debt repayment defense spending and general administrative expenditures consume ___ of Pakistan's annual budget.
Question # 25
Acquisition and merger are examples of.
Question # 26
In Pakistan income tax is
Question # 27
Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no lorger manufacture the product.
Question # 28
The asset market approach is most helpful in explaining.
Question # 29
Which of the following explains why demand curves slope downward.
Question # 30
Assuming that money is neutral an increase in the nominal money supply would causes.
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
A
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
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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
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
2
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
3
Keynes and Say's macroeconomic theory of employment were diametrically opposed Say state that.
A. Supply creates demand
B. Demand creates supply
C. Unemployment is a most likely state of affairs
D. Full employment can only be achieved by government interference.
4
During the last eight years the per capita income in Pakistan has been
A. Increasing substantially because of decline in population growth
B. Decreasing
C. increasing only marginally
D. Constant
5
Qara -e- Hasna is normally payable to.
A. Needy persons
B. Poors
C. Helpless
D. All of these
6
When the quantity demanded is changed on the same price
A. the demand curve shifts upward
B. The demand curve shifts downward
C. Movement on the same demand curve
D. None of these
7
If investors expectations concerning the future are positive and thus increase investment at every interest rate the.
A. IS curve would shift up
B. IS curve would shift down
C. LM curve would shift down
D. IS and LM curves will not shift
8
The elasticity of demand for cigarettes by a non smoker is.
A. Unitary price elastic
B. Relatively price elastic
C. Perfectly price elastic
D. Perfectly price inelastic
9
The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
10
What is embodies sampling.
A. Haphazard selection
B. Numbers
C. Definite rules
D. Accuracy
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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