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.
Given the saving equation S = - 50 + 0, 20 Y, where s is saving and Y is income.
Question # 3
Increased levels of spending on imports
Question # 4
Which of the following is a function of money
Question # 5
What characteristic does statistics emphasizes, as a Method or as a singular noun.
Question # 6
Average fixed cost
Question # 7
If every elements of a raw or column of a square matrix A is zero, then the value of the determinant .
Question # 8
Expenditure on unproductive assets are strangely criticized and savings are emphasized by
Question # 9
an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
Question # 10
It provides systematic knowledge on problem and issues analyzed.
Question # 11
When real income increases, other things equal we fan expect the demand for real money holdings to.
Question # 12
A multinational busniess
Question # 13
In a recession, GDP.
Question # 14
If injections are greater than withdrawals.
Question # 15
Holding all other factors constant consumers demand more of a good the
Question # 16
The resources in an economy are
Question # 17
If the price of automobiles were to increase substantially the demand curve for gasoline would most likely
Question # 18
The law of diminishing marginal returns to a factor of production is.
Question # 19
_____________ represent the most widely used tool in international finance for measuring the average value of a currency relative to a number of other currencies
Question # 20
In perfect competition.
Question # 21
A concept which can take on different quantitative values is called a.
Question # 22
According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.
Question # 23
The marginal rate of substitution for two goods can be obtained from
Question # 24
"The problem with monetarism is that its advocates have seen it as infallible over short periods of time and wish it to be rigid in its application over all periods of time "The advocates of monetarism wish it to the rigid in its application over all periods of time to.
Question # 25
When your grandmother keeps her savings hidden under her mattress she is using money as.
Question # 26
The Ad, SRAS ,and LRAS curve each show a relationship between which two economic variables.
Question # 27
If the original money supply is MSo and the original demand for money is MDo then
Question # 28
Rule of innovation in economic growth is very important according to.
Question # 29
Money's primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization This function of money is called.
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
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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
A fall in interest rates is likely to
A. Increase aggregate demand
B. Increase savings
C. Decrease consumption
D. Decrease exports
2
The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
3
In 25 years Pakistan's Per capital income
A. More than doubled
B. Less than doubled
C. Did not show more than 70% increase
D. None of the above
4
If investors expectations concerning the future are positive and thus increase investment at every interest rate the.
A. IS curve would shift up
B. IS curve would shift down
C. LM curve would shift down
D. IS and LM curves will not shift
5
A cut in the tax rate designed to reduce the business investment is an example of.
A. Expansionary demand side policy
B. Contractionary demand side policy
C. Expansionary supply side policy
D. Contractionary supply side policy
6
While resources and products flow in one direction of the circular flow model what flow the other direction.
A. Services
B. Public goods
C. Money
D. Imported goods
7
Pakistan's public debt a
A. LarGer than GNP
B. Approximately equal to GNP
C. Small than GNP
D. Smaller than our exports
8
Censuses are the most complete type of.
A. Social survey
B. Survey
C. Sampling
D. Data collection
9
Exchange rate overshooting often occur because.
A. Domestic prices adjust slowly to shifts in demand
B. Military spending increases during military's confects
C. Elasticities are smaller in the long run than the short run
D. Elasticities are smaller in the short run than the long run.
10
The supply curve of a monopolist is always.
A. More elastic
B. Less elastic
C. undefined
D. Steeper
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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