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 a country an imposes an import tariff its welfare can improve if
Question # 2
Barriers to entry do not include
Question # 3
The most frequently occurring score in distribution.
Question # 4
Real GNP is a crude measure of national welfare because it excludes.
Question # 5
Developing economics usually have
Question # 6
In the Keynesian corss diagra, an increase in autonomous consumer expenditure causes the aggregate demand function to shift up the equilibrium level of aggregate output to _______ and the IS curve to shift to the _______
Question # 7
Objectivity means basing conclusions on facts without any bias and.
Question # 8
Which exchange rate mechanism is intended to insulates the balance of payments from short term capital movements while providing exchange rate stability for commercial transactions.
Question # 9
There are ______ methods of measuring GDP
Question # 10
In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
Question # 11
Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.
Question # 12
Which of the following does not apply to pareto efficiency.
Question # 13
The single European Act committed_ governments to a ___ in 1992
Question # 14
Qara -e- Hasna is normally payable to.
Question # 15
Which of the following is not one of the basic economic questions.
Question # 16
Research design as the conceptual structure with in which the research is.
Question # 17
Globalization is likely to increase with
Question # 18
In the long run a profit maximizing firm will choose to exit a market when
Question # 19
Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.
Question # 20
Game theory
Question # 21
When the value of the Rupee rises Pakistan goods become _____ expensive relative to foreign goods which ___ exports.
Question # 22
The low point in the business cycle is referred to as the
Question # 23
Small nations whose trade and financial relationships are mainly with a single partner tend to utilize.
Question # 24
Demand pull inflation may be caused by
Question # 25
The real money demand doubles while the nominal money supply is unchanged what happens to the price level.
Question # 26
If government spending of Rs. 10 and a lump sum tax of Rs.10 is added, the empirical equation for the new IS curve becomes.
Question # 27
To reduce the supply of money the government could.
Question # 28
Assuming that money is neutral an increase in the nominal money supply would causes.
Question # 29
Aggregate demand in an economy trading internationally with a government sector can be written s.
Question # 30
Marginal utility is equal to average utility at that time when average utility is.
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
Sr.#
Question
Answer
1
if a consumer is purchasing only two commodities X and Y , and the marginal utility per dollar of Y is greater than the marginal utility per dollar of X to maximize total utility with the limited income the consumer should buy.
A. .Less of both commodities
B. .More of both commodities
C. More of Y.
D. None of the above
2
One of the following has more elastic demand.
A. A commodity with substitutes
B. A commodity having more than one use
C. A commodity commonly use
D. None of these
3
If a country has linear production possibilities frontier than production is said to be subject to.
A. constant opportunity costs
B. Decreasing opportunity costs
C. First increasing and the decreasing opportunity costs
D. Increasing opportunity costs.
4
The negative relation ship between unemployment and inflation is know as the
A. Aggregate supply curve
B. Aggregate demand curve
C. Philipps curve
D. Efficiency wage line
5
According to Islamic economic system the producers can earn.
A. Normal loss only
B. Normal profit only
C. Abnormal loss
D. Abnormal profit
6
If there are 50 firms in a industry each selling 2% of the total sales the concentration ratio is.
A. 50%
B. 2%
C. 8%
D. 100%
7
An oligopolistic industry can be characterized by all of the following except
A. May sellers
B. mutual interdependence
C. Economies of scale
D. A homogenous product
8
In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
9
International trade in goods and services tends to
A. Increase all domestic costs and prices
B. Keep all domestic costs and prices at the same level
C. Lessen the amount of competition facing home manufactures.
D. Increase the amount of competition facing home manufacturers
10
The multiplier tells us how much __________ chagnes after a shift in.
A. Consumption, income
B. Investment , output
C. Savings, investment
D. output, aggregate demand
11
The Ad, SRAS ,and LRAS curve each show a relationship between which two economic variables.
A. The aggregate price level and output
B. The aggregate price level and the interest rate
C. Output and unemployment
D. Output and the interest rate.
12
Marginal revenue is the ________ when output is.
A. Change in average revenue, inversed.
B. change in total revenue, increased by one unit
C. change in average revenue, increased by one unit
D. Change in total revenue, incresed.
13
The comparative advantage model of Ricardo was based on.
A. Interindustry specialization and trade
B. Interindustry specialization and trade
C. Demand conditions underlying specialization and trade
D. Income conditions underlying specialization and trade
14
A single value that represent the average characteristics of tis frequency distribution.
A. quarterlies
B. Grouped data
C. Central tendency
D. Range
15
Those who argue in favor of import protection generally give the impression that such restricted trade will
A. Decrease the level of national security
B. Provide benefits to some particular industry
C. Provides benefits to the entire nation
D. Not yield welfare losses for the nation
16
All of the following are debit items in the balance of payment eexcept.
A. Capital outflows
B. merchandise exports
C. Private gifts to foreigners
D. Foreign and granted to other nations
17
The regression equation for consumption as a function of disposable income is C = -60 + 0.90Y .the standard error of Y is 30 and the standard error of estimate is 9.5 What is the 95% confidence interval for C when Y is Rs. 1000 billion.
A. Rs.941 to Rs. 979
B. Rs.900 to Rs. 1,020
C. Rs.821 to Rs.859
D. Rs.780 to Rs.900
18
Absolute advantage is determined by
A. Actual difference in labor productivity between countries.
B. Relative difference in labor productivity between countries.
C. Both a and b
D. Neither a nor b
19
Economists use the phrase ceteris paribus to express the assumption.
A. All else equal
B. Everything affects everything else.
C. Scarcity is a fact of life
D. There is no such thing as a free lunch
20
A linear homogenous production function would reveal.
A. Constant returns to scale
B. Increasing returns to scale
C. Decreasing return to scale
D. Doubling all inputs would more than double output
21
Elasticity of demand of luxurious goods is always more elastic
A. More elastic
B. Less elastic
C. Equal elastic
D. None elastic
22
If young busness professionals in Pakistan suddenly decide that driving japan made cars is an important status symbol net exports will tend to _____________causing aggregate demand to.
A. fall ; fall
B. fall ; rise
C. rise ; fall
D. rise ; rise
23
The most important determinant of price elasticity is.
A. The slope of the demand curve
B. The availability of substitutes
C. The price of other goods
D. The income of the consumer
24
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
25
Who defined research is a systematic development of logically related prepositions.
A. Black and champion
B. comet
C. Weber
D. Morry
26
The idea that the money supply should change to accommodate changes in aggregate demand is associated with the ideas of.
A. Milton Friedman
B. Ronald reagan
C. Margaret Thatcher
D. John Maynard Keynes
27
When imports from a higher cost supplier with in customs union replace imports from a lower cost supplier outside the custom union, there exists.
A. Trade creation
B. Trade diversion
C. Dynamic welfare effects
D. Comprehensive welfare efffects
28
The board pumps money out of the economy by
A. Buying bonds
B. Selling bond
C. Creating cash
D. Lowering the reserve requirements.
29
The money multiple tells us teh ultimate increase in.
A. The income level due to an increase in the money base
B. The money supply due to an increase in the money base.
C. The money supply due to an increase in the income level
D. The income level due to an increase in the money supply
30
An increase in national income is.
A. Likely to increase exports
B. Likely to decrease savings
C. Likely to decrease investment
D. Likely to increase spending on imports
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
