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.
A mathematical statement setting two algebraic expressions equal to each other is called.
Question # 2
Quota sampling is the combination of.
Question # 3
Under land reforms celling of land was set as 150 acres of Un irrigated land by
Question # 4
A decline in the value of the rupee makes Pakistan goods cheaper relative to foreign goods, resulting in a _________ in net exports and a ________shifts of the IS curve.
Question # 5
Which of the following is not a basic assumption of perfect competition.
Question # 6
Collection of well defined distinct objects thought of as a whole is called
Question # 7
In 1960s following policy was adopted regarding development
Question # 8
Firms are assumed to ____ costs and to _______ profit.
Question # 9
Micro economics studies such topics as
Question # 10
Following is the major source for a country to meet the deficiency of capital
Question # 11
The rate of inflation in 1985 was
Question # 12
The increase in dependent variable that results when the independent variable increases by one unit in a simple lines. function is called.
Question # 13
According to the permanent income hypothesis all increases in .
Question # 14
A shift in tastes toward Pakistan goods ________ net exports and causes the IS curve to shift to the.
Question # 15
By definition, the marginal propensity to consumes.
Question # 16
Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.
Question # 17
If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.
Question # 18
Economic planning by enteral government agencies is primarily associated with
Question # 19
A Rs.10 increase in autonomous investment spending shifts IS
Question # 20
Classical economics think general equilibrium is attained relatively quickly because.
Question # 21
The quantity of money demanded varies
Question # 22
The open type of questionnaire calls for a free response in the respondent's
Question # 23
One of money's primary roles in the economy comes from the use of money to transfer purchasing power to the future This role of money is called.
Question # 24
Skilled labour is relatively scarce because.
Question # 25
The aggregate supply of labor is the
Question # 26
An income demanded curve of an inferior good is.
Question # 27
Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
Question # 28
When the marginal propensity to consume is 0.75 the multiplier has a value of.
Question # 29
With no government and foreign trade sectors savings always equals.
Question # 30
In the long run an increase in consumer spending would cause output to ________ and the price level to.___________
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
The origin of the idea of a trae off between inflation and unemployment was a 1958 article by
A. A.W Philips
B. Edmund phelps
C. Milton Friedman
D. Robert Gordon
2
The fraction of additional current income that a person consumes in the current period is known as the
A. Consumption smoothing motive
B. Consumption deficit
C. Saving rate
D. marginal propensity to consume
3
A sudden shift from import tariffs to free trade may induce short term unemployment in.
A. Import competing industries
B. Industries that are only exporters
C. Industries that sell domestically as well as export
D. Industries that neither import nor export
4
Quotas are government imposed limits on the ___ of goods trade between countries.
A. Prices
B. Quantity
C. Revenue
D. Costs
5
The earliest statement of the principle of comparative advantage in associated with
A. Adam Smith
B. David Ricardo
C. E . Heckscher
D. Bertil Ohlin
6
To be productively efficient a firm must produce where
A. Marginal costs are maximized
B. Marginal costs are minimized
C. Average costs are minimized
D. Average revenue is maximized
7
As the interest sensitivity of investment spending increase.
A. Monetary policy has a larger effect on output
B. Fiscal policy has a larger effect on output
C. The multiplier increases
D. All of the above
8
Keynes considered subjective and objective factors.
A. Determinants of investment
B. Determinants of business will ingress to supply
C. Unimportant determinants of consumption.
D. Important determinants of consumption.
9
A benefit to consumers of price discrimination is that
A. Some products are produced that would not other wise be produced
B. Producer surplus increases
C. Consumer surplus decreases
D. Firms profits increase
10
International trade in good sand services is sometimes used as a substitute for all of the following except.
A. Internationals movement of capital
B. International movement of labor
C. International movements of technology
D. Domestic production of different goods and services.
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)
