PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

PPSC Economics Full Book MCQ Test

Try The PPSC Economics Full Book MCQ Test

  • Total Questions30

  • Time Allowed30

PPSC Economics Full Book MCQ Test

00:00
Question # 1

industrial growth rate projected to__ this year against 3.1 percent last year

Question # 2

The government budget surplus equals

Question # 3

In the neighborhood of the long run equilibrium of a monopolistically competitive firm average cost will be.

Question # 4

Control is the essential ingredient of

Question # 5

If the price in a market is fixed by the government above equilibrium.

Question # 6

State monopoly was greatly imposed in the period of.

Question # 7

When IMF was established.

Question # 8

Social science Research

Question # 9

All of the following are debit items in the balance of payment eexcept.

Question # 10

The IMF is an agency charged with providing.

Question # 11

The overall Budget Deficit is financed from

Question # 12

Suppose there is full employment and positively sloped aggregate supply schedule A decrees in taxes increases.

Question # 13

The method by which a sample is chosen

Question # 14

Compared to the case of perfect competition.

Question # 15

Modern Technique can be applied on

Question # 16

The income effect of a price change

Question # 17

Which of the following measures is the best measure of money as a medium of exchange.

Question # 18

In monopolistic competition, firms desire to sell more output at equilibrium because.

Question # 19

Credit (+) items in the balance of payments correspond to anything that.

Question # 20

'Equal chance of being included in the sample", about what does Dr. Yates and Harper defined like this.

Question # 21

Which of the following is most likely to benefit a debtor.

Question # 22

If every elements of a raw or column of a square matrix A is zero, then the value of the determinant .

Question # 23

In the classical model of Ricardo the direction of trade is delemined by.

Question # 24

The central bank and the government are working against each other if as the government cuts taxes the central bank

Question # 25

Which of the following was a belief shared by utopian and scientific socialists.

Question # 26

a demand curve can shift because of changing.

Question # 27

A tariff causes domestic firms to __________ and consumers to

Question # 28

Over human interruption in nature will cause.

Question # 29

The level of the equilibrium exchange rate offsets international difference in.

Question # 30

Supply side policies are most appropriate to cure.


Topic Test

00:00

Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 PPSC Economics Topic 1 Basic Economics 302 Download PDF Launch Test
2 PPSC Economics Topic 2 Micro Economics 284 Download PDF Launch Test
3 PPSC Economics Topic 3 Macro Economics 339 Download PDF Launch Test
4 PPSC Economics Topic 4 Monetary & Fiscal Policy 264 Download PDF Launch Test
5 PPSC Economics Topic 5 International Economics 153 Download PDF Launch Test
6 PPSC Economics Topic 6 Economics Model 30 Download PDF Launch Test
7 PPSC Economics Topic 7 Islamic Economics 28 Download PDF Launch Test
8 PPSC Economics Topic 8 Development Economics 55 Download PDF Launch Test
9 PPSC Economics Topic 9 Pakistan Economics 144 Download PDF Launch Test
10 PPSC Economics Topic 10 Public Finance 190 Download PDF Launch Test
11 PPSC Economics Topic 11 Assess Your Basics 201 Download PDF Launch Test
12 PPSC Economics Topic 12 Statistics In Economics 76 Download PDF Launch Test
13 PPSC Economics Topic 13 Mathematics in Economics 94 Download PDF Launch Test
14 PPSC Economics Topic 14 History Of Economics Thought 26 Download PDF Launch Test
15 PPSC Economics Topic 15 Philosophy of Economics 38 Download PDF Launch Test
16 PPSC Economics Topic 16 Research Methods for Economist 90 Download PDF Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

  • U
    Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
  • S
    Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
  • N
    Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
  • A
    Abdullah innocent 05 - Apr - 2023 08 Min 22 Sec 19/30
  • A
    azizbarawal@gmail.com 31 - Jan - 2023 13 Min 31 Sec 18/30
  • S
    Shad Ali Shah 08 - May - 2024 14 Min 06 Sec 18/30
  • G
    G Ali 11 - Oct - 2023 16 Min 36 Sec 17/30
  • M
    muhammad irfanatta 28 - May - 2024 03 Min 55 Sec 16/30
  • M
    Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
  • S
    Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
  • U
    Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
  • H
    Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
  • A
    Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
  • A
    Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
  • H
    Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

PPSC Economics Important MCQ's

Sr.# Question Answer
1 The implementation lag for monetary policy is generally
A. Much longer than it is for fiscal policy
B. Unrelated to central bank action
C. The same as it is for fiscal policy
D. Much shorter than it is for fiscal policy.
2 Which of the following would decrease aggregate demand.
A. Increased consumption
B. Increasing export revenue
C. Increased taxation revenue
D. Increased investment
3 In monopoly there is.
A. Single seller
B. Single buyer
C. Two producers
D. Few seller
4 Theories of surplus labor describe that
A. In UDCs unemployment rate is high
B. The margin productivity labor is near to zero
C. Overpopulation is much more in UDCs
D. DCs have less uemployment
5 The level of the equilibrium exchange rate offsets international difference in.
A. Comparative advantage
B. Absolute advantage
C. Opportunity cost
D. Relative costs
6 The expected real interest rate minus expected inflation rate.
A. Nominal interest rate minus inflation rate
B. Nominal interest rate minus expected inflation rate.
C. Expected nominal interest rate minus inflation rate
D. Nominal interest rate plus expected inflation rate.
7 Pakistan is the _________ largest Cotton Producer country in the world
A. Fourth
B. Fifth
C. Eight
D. Sixth
8 Drawing conclusion from the data collected is called.
A. Analysis
B. Organization
C. Tabulation
D. Interpretation
9 Who among the following is a proponent of bio centrism
A. Aido Leopoid
B. Arne Naess
C. Paul Taylor
D. None of these
10 In land intensive method which mean production is used comparativelymore
A. Labour
B. Land
C. Capital
D. Organization

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.

Test Questions

Is this page helpful?