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.
If I keep some money available in case I see a bargain this is an example of.
Question # 2
A multinational busniess
Question # 3
The recording of the data is dome on the basis of the scheme.
Question # 4
The competitive firm maximizes its profit by operating where
Question # 5
In the product market of the circular flow model.
Question # 6
Which of the following index numbers is an important statistical concept in economic theory.
Question # 7
An increase in costs will
Question # 8
In singular sense 'Statistics' is considered as.
Question # 9
The term household production refers to
Question # 10
if in a matrix , the number if rows is the same as the number of columns, it is called.
Question # 11
If import licenses are auctioned off to domestic importers in a competitive market their scarcity value accurse to.
Question # 12
The expected real interest rate minus expected inflation rate.
Question # 13
The marginal propensity to consume in a less Developed Country is likely to be.
Question # 14
A consumer is said to be in equilibrium when the marginla utility and price of a commodity
Question # 15
A nation experience external balance if it achieves.
Question # 16
Which does the government not control directly.
Question # 17
In closed economic model aggregate demand is not sensitive to.
Question # 18
The purpose of fiscal policy is to
Question # 19
The key feature of oligopoly is.
Question # 20
For a competitive firm the demand curve
Question # 21
The book Summa Theologica ' ws written by
Question # 22
According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.
Question # 23
Modern Technique can be applied on
Question # 24
Small nations whose trade and financial relationships are mainly with a single partner tend to utilize.
Question # 25
The law of diminishing returns states that as more of a variable factor is added to a certain amount of a fixed factor beyond some point.
Question # 26
The ancient Greek philosopher who tried to analyze isolated exchange because markets with standardized products were relatively rare during his are was.
Question # 27
Quota sampling is the combination of.
Question # 28
The index used most often to measure inflation is the
Question # 29
In the long run in perfect competition
Question # 30
Under system fixed exchange rates which of the following policies promotes internal balance for a nation.
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
When total utility becomes maximum then marginal utility will be.
A. Minimum
B. Average
C. Zero
D. Negative
2
If the exchange rate is above the equilibrium level.
A. There is excess demand and teh exchange rate will fall
B. There is excess supply and the exchange rate will fall
C. There is excess demand and the exchange rate will rise
D. There is excess supply and the exchange rate will rise
3
If an increase in the price of gasoline increases the demand for gas hybrid cars, then
A. Hybrid cars are an inferior good
B. Gasoline and hybrid cars are complements in consumption
C. Gasoline is an inferior good
D. Gasoline and hybrid cars are substitutes in consumption
4
Which of the following macro economic variables is the most seasonally pro cyclical.
A. Expenditure on services
B. The unemployment rate
C. Expenditure on durable goods
D. The real wage
5
If a few firms dominate an industry the market is known as.
A. Monopolistic competition
B. Competitively monopolistic
C. Duopoly
D. Oligopoly
6
A firm's monopolistic position is strengthened by
A. low elasticity of demand for its product
B. High elasticity of demand for its product
C. Constant elasticity of demand
D. None of the above
7
Extension and contraction of demand mean
A. Movement on the same demand curve
B. Movement to high demand curve
C. Movement to lower demand curve
D. Movement to another demand curve
8
Multinational corporations
A. Always produce primary goods
B. Always produce manufactured goods
C. Products primary goods or manufactured goods
D. None of the above
9
If marginal revenue equals marginal cost
A. No profit is being made
B. total revenue equals total cost
C. Profits are maximized
D. Producing another unit would increase profits
10
Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.
A. Imperfect labour markets
B. Rational expectations
C. Intertemporal decisions of households firms and government.
D. Sun spot cycles
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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