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.
Finding a partner to work with abroad is called a.
Question # 2
Immediately after a through we would expect to have al
Question # 3
The arc elasticity formula is used to estimate elasticity when
Question # 4
If a nation has an open economy it means that the nation.
Question # 5
When the price of a pizza decreased from 1200 Rupees to 1000 Rupees, it is definitely the case that the.
Question # 6
The Hecksher Ohlin theory explains comparative advantage as the result of difference in countries.
Question # 7
The view which allows only use value ot nature is known as.
Question # 8
The long run foreign exchange rate between the U.S. and Japan is 200 Yen =Rs. 1 under a floating exchange rate Which of the following does 112 t occur if the Federal Reserve reduce the money supply in order to prevent the occurrence of inflation.
Question # 9
A set containing only one element is termed as
Question # 10
Arne Naes is a
Question # 11
Measure of skewness gives.
Question # 12
If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely
Question # 13
when there is huge change in demand following method is used to measure elasticity of demand.
Question # 14
The most widely traded currency in the foreign exchange market is the.
Question # 15
An efficient economy is an economy
Question # 16
A group of modern economists who believe that price and wage rigidities do not provide the only rationale for macroeconomic policy activism are called.
Question # 17
Which crops are sown in Rabi Seasons.
Question # 18
An outward shift in the marginal efficacy of capital should.
Question # 19
"Far better for central bankers to get out of the fine tuning business instead they should d try to keep.
Question # 20
The overall Budget Deficit is financed from
Question # 21
The econometric problem of errors in variables leads to
Question # 22
What is the characteristic of the sample which is selected randomly.
Question # 23
The total utility of the third unit of product x is.
Question # 24
A demand switching policy could be.
Question # 25
Economists use the term marginal utility to mean.
Question # 26
Firms in perfect competition face a
Question # 27
A production possibilities curve indicates that when resources are being used efficiently
Question # 28
A fall in interest rates is likely to
Question # 29
Total revenue equals
Question # 30
All of the following are debit items in the balance of payment eexcept.
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
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azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
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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
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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
All of the following are fundamental to the world trade organization except.
A. Bilateral tariff reductions to promote trade liberalization.
B. the use of the most favored nation clause
C. Nondiscrimination trading relationships
D. The prohibition of import quotas and export quotas
2
A movement along the supply curve may be caused by
A. A change in technology
B. A change in the number of producers
C. A shift in demand
D. A change in costs
3
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
4
As long as the principle of diminishing marginal utility is operating any increased consumption of a good.
A. Lowers total utility
B. Produces negative total utility
C. Lowers marginal utility and therefore total utility
D. Lowers marginal utility, but may raise total utility.
5
A set continuing no elements is called.
A. Null set
B. mpty set
C. void set
D. all of the above
6
A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
A. Factor prices
B. Technology
C. Both a and b
D. The price of the commodity
7
Which among the following is a material for statics.
A. Honesty
B. Poverty
C. Wisdom
D. Numerical data
8
Reasoning from general to particular is called.
A. Induction
B. deduction
C. Observation
D. Experence
9
A negatively sloped isoquant implies
A. Products with negative marginal utilities
B. Products with positive marginal utilities
C. Inputs with negative marginal products
D. Inputs with positive marginal products
10
Direct investment and security purchases are classified as.
A. Capital account transactions
B. Current account transactions
C. Unilateral transfer transactions
D. Merchandise trade transactions
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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