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.
Aggregate demand refers to the total demand for all domestically produced goods and services in an economy generated from.
Question # 3
A tariff -rate quota
Question # 4
Shifting cultivation is found in
Question # 5
According to the factor endowment model of Hackshcer and Ohlin countries heavily endowed with land will.
Question # 6
Which method develop theories.
Question # 7
Short run average total costs are equal to the sum of _______ and______
Question # 8
In the ISLM frame work a contractionary fiscal policy causes aggregate output to ___________ and the interest rate to
Question # 9
In monopolistic competition firms profit maximize where
Question # 10
Empirical research may given a new focus to the exiting theory means.
Question # 11
Which of the following was a belief shared by utopian and scientific socialists.
Question # 12
The situation in which the imports are greater than exports is termed as.
Question # 13
The overall Budget Deficit is financed from
Question # 14
In the long run a reduction in labor supply would cause output to _______ and the aggregate price level to.
Question # 15
The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
Question # 16
Characteristics of economic laws are
Question # 17
In pure competition.
Question # 18
Which of the following can the government not use directly to control the economy.
Question # 19
Which of the following changes shifts the AD curve down and to the left.
Question # 20
According to classical models the level of employment is determined primarily by
Question # 21
When the price of a pizza decreased from 1200 Rupees to 1000 Rupees, it is definitely the case that the.
Question # 22
What is the production level for public good W, if the government uses full cost pricing.
Question # 23
If the demand curve for a good is horizontal and the price is positive then a leftward shift of the supply curve results in.
Question # 24
If the intercept of the consumption function is 75, and MPS is 0.10 the value of consumption expenditures at Yd = Rs. 5,000 is
Question # 25
The substitution effect of a decrease in real interest rates is to cause a consumer to.
Question # 26
Company A estimates the price elasticity of demand for its products.3.0 The price of the product is Rs. 15. If MC = 2+40, the profit maximizing level of output.
Question # 27
Which industrialization policy has developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation.
Question # 28
Which of the following best describes the selling of a production license to another firm.
Question # 29
A system of systematically interrelated concepts definitions and propositions that are advanced to explained and product phenomena.
Question # 30
Which of the following is an example of government policy that could reduce inflation.
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
The IS curve shows the combinations of output and the real interest rate for which.
A. The goods market is in equilibrium
B. The labor market is in equilibrium.
C. The financial assets market is in equilibrium
D. An increase in output will cause the market clearing interest rate to be bid up.
2
A Market situation where the number of buyers is very large and the number of sellers are very small is called.
A. Perfect competition
B. Duopoly
C. Oligopoly
D. In perfect competition
3
Guid up of foreign exchange reserves leads to.
A. Decrease in money supply
B. increase in money supply
C. contraction in money supply
D. None of the above
4
Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.
A. Depreciation
B. Appreciation
C. fall
D. Devaluation
5
A normal good can be defined as one which consumers purchase more of as.
A. Price fall
B. Price rise
C. Income fall
D. Incomes increase
6
What does Social Researchers seek out of vast and confusing variety of individual characters.
A. Generalizations
B. Decisions
C. Single events
D. group characteristics
7
The fifth five year plan was an attempt to stabilize the economy and improve the standard to living of the poorest segment of the population from __________ to ____
A. 1975-80
B. 1980--85
C. 1978-83
D. None of the above
8
When the price level increases 25% starting from a price level equal to 100, a Rs. 1000 bond will have a real value of .
A. Rs. 800
B. Rs.1250
C. Rs.750
D. Rs.666
9
If A and B are symmetric matrices, then A +B is
A. Symmetric
B. Non symmetric
C. Skew symmetric
D. Non skew symmetric
10
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.
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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