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.
The money multiple tells us teh ultimate increase in.
Question # 5
If there is no price surprise, total output is.
Question # 6
When due to change in price of commodity x demand of commodity y is charged it is called.
Question # 7
When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.
Question # 8
Which of the following taxes is regressive
Question # 9
A specific tax on sellers will
Question # 10
The factor endowment theory was pioneered by
Question # 11
Which among the following is not an essential of sampling.
Question # 12
GDP per head may be an imperfect measure of economic welfare because it excludes.
Question # 13
When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firms in the market we have.
Question # 14
A determinant composed of all the first order partial derivatives of a system of equations, arranged in ordered sequence is called.
Question # 15
If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.
Question # 16
Employment tends to _______ whwn aggregate output.
Question # 17
An expansionary supply side shock results in.
Question # 18
A set containing all the elements of the universal set except those of set A is called.
Question # 19
Duopoly is a market situation when there is
Question # 20
Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase this increase in the price of the good results in.
Question # 21
When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.
Question # 22
A checking deposit held at a commercial bank is considered ______ of that bank.
Question # 23
Absence of representatives are special feature of.
Question # 24
Economics growth can be seen by an outward shift of.
Question # 25
If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP
Question # 26
In monopoly the firm can
Question # 27
Information that is represented usually as words, not numbers.
Question # 28
What is the per unit marginal cost of increasing production from 20 to 25 units.
Question # 29
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals.
Question # 30
An economy may operate outside the production possibility frontier it.
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
Which of the following measures is the best measure of money as a medium of exchange.
A. M1
B. M2
C. M3
D. None of the above
2
Which of the following products will have an elastic demand.
A. Flour
B. Cloth
C. Honda city
D. None of these
3
The limit of an economy's total productive capacity at any given time is set by
A. The amount of money in circulation
B. Business demand for goods and services
C. The level of government spending and taxation
D. the quantity and quality of its productive resources
4
Which of the following is a NOT component of M-2.
A. Small time deposited
B. Money market mutual funds
C. Stocks
D. Checkable deposits
5
A tariff causes domestic firms to __________ and consumers to
A. Overproduced, under consume
B. overproduce , overconsume
C. Underproduce, under consume
D. underproduce, overconsume
6
In pure monopoly there is.
A. A lot of firms
B. Two firms
C. A single firm
D. Many firms
7
An expenditure reducing policy would consist of a decrease in
A. The par value of a currency
B. Government expenditures
C. Import duties
D. Business or household taxes
8
According to the quantity theory of money an increase in the money supply is most likely to lead ot inflation if
A. The velocity of circulation decreases
B. The number of transactions decreases
C. There is deflation
D. The velocity of circulation and the number of transactions is constant
9
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals.
A. the average cost of labour
B. The marginal product
C. The marginal revenue
D. The total cost of labour
10
The Philips curve shows the trade off between ________ and _____
A. The inflation rate, interest rates
B. The inflation rate, the unemployment rate
C. interest rates, output
D. Output, employment
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.
Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
