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 two main characteristics of the production function are.
Question # 3
when the period of Kharif crop starts and when ends.
Question # 4
Demand for primary products is likely to be
Question # 5
Who is regarded as the founder of theory of sets.
Question # 6
Open market operations occur when the government.
Question # 7
Over time the price of primary products tends to fall because.
Question # 8
To move from point E to point E1 is consistent with.
Question # 9
Public utilities tend to be
Question # 10
A situation in which expansionary in monetary policy has no effect on the economy is known as.
Question # 11
The largest trading partner of Pakistan is
Question # 12
A subsidy paid to producers.
Question # 13
Consumers and firms are known as price takers only it
Question # 14
Which of the following events would lead to an increase in the marginal product lf labor for every equantity labor.
Question # 15
Which of the following is incorrect with respect to the consumption diagram.
Question # 16
Rapid increases in the price level during periods of recession or high unemployment are known as.
Question # 17
increase foreign competition tend to.
Question # 18
The IS curve shows the combinations of output and the real interest rate for which.
Question # 19
Which of the following NOT a source of economic growth.
Question # 20
In a market system sellers act in ___ interest, but this leads to behaviors in ___ interest.
Question # 21
Tariffs.
Question # 22
When economists say that a per son is economizing they mean that the person is.
Question # 23
Small size of market is the primary cause of under development according to.
Question # 24
An import function is 100+0.1 Y and exports are exogenous. If income (Y) is 500, and there is a trade deficit of 50, then exports are.
Question # 25
a contractionary monetary policy
Question # 26
A rise in planned investment spending unrelated to the interest rate causes teh equilibrium level of aggregate output to __________ at shifts the _____ curve to the _______
Question # 27
The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.
Question # 28
Information that is represented usually as words, not numbers.
Question # 29
The marginal rate of substitution of two goods can be obtain from
Question # 30
In the long run an increase in consumer spending would cause output to ________ and the price level to.___________
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
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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
The best describes consumer surplus.
A. The price consumers are willing to pay for a unit
B. The cost of providing a unit.
C. The profits made by a firm
D. The difference the price a consumer pays for an item and the price he is willing to pay.
2
Economics is the study of.
A. All business, including how they operate why the exist and how they afect
B. Decisions that people must make because goods and services are limited.
C. How to save money, spend money invest savings, and balance a checkbook
D. The stock market the bond market and investment strategies
3
What is the production level for public good W, if the government uses full cost pricing.
A. Q = 2
B. Q = 5
C. Q= 4
D. Q = 6
4
Who among the following was the leader of Monetarism
A. Keynes
B. Milton friedman
C. A.W.Philip
D. Mankiv
5
An increase in the wage rate.
A. Will usually lead to more people employed
B. Will decrease total earnings if the demand for labour is wage elastic
C. Is illegal in a free market
D. Will cause a shift in the demand for labour
6
Why is the law of diminishing marginal returns true.
A. specialization and division of labor
B. Spreading the average fixed cost
C. Limited capital
D. All factors being variable in the long run
7
Export led growth strategies tend to emphasize.
A. Resource allocation based on the principle of absolute advantage.
B. Resource allocation based on the principle of comparative advantage.
C. Trade protection for exporting competing firms
D. Trade protection for import competing firms
8
Kharif crops include.
A. Cotton and rice
B. Maize and Sugarcane
C. Jawar and Bajra
D. all of the them
9
Indifference curve has following characteristics except.
A. Convex to origin
B. Intersect each other
C. Not necessary to be parallel
D. None of these
10
Most of the nationalized enterprises showed
A. Profit
B. Losses
C. Stability
D. Abnormal profit
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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