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 activates which do not promote human welfare cannot be encouraged.
Question # 2
As the opportunity cost of a good falls, ceteris paribus the substitution effect implies that people buy
Question # 3
Direct investment and security purchases are classified as.
Question # 4
If there is a price floor there will be.
Question # 5
Parameter in inferential statistics refers to
Question # 6
Prohibiting a trade between two people
Question # 7
O kun's Law states that for each percentage point by which the unemployment rate is above the natural rate real GNP is 3% below potential GNP, if real GNP is Rs. 3,800 billion with the actual level of unemployment at 6.05 and the natural rate of unemployment at 4.5% then according to Okun's law the GNP gap is.
Question # 8
To maximize revenue, an excise tax should be imposed on a product
Question # 9
Plan for research is labeled as.
Question # 10
The economic growth model of Ricardo based on.
Question # 11
Find the change in revenue to the industry due to the taxs.
Question # 12
Aggregate demand in an economy trading internationally with a government sector can be written s.
Question # 13
The national security argument for protection is more likely to be valid when
Question # 14
Specific tariffs are collected as
Question # 15
Ad valorem tariffs are collected as.
Question # 16
World environment Day is
Question # 17
To anticipate what the economy is going to do next the government will look at.
Question # 18
Who says theory as a integrated body of definitions, assomptions
Question # 19
A disadvantage of the barter system is that
Question # 20
In a recession a government.
Question # 21
Union of A with A, that is A U A.
Question # 22
When the supply of money increases.
Question # 23
The two main characteristics of the production function are.
Question # 24
In the long run in perfect competition
Question # 25
Drawing conclusion from the data collected is called.
Question # 26
The Keynesian theory is consistent with the business cycle fact that inflation is
Question # 27
An increasingly higher marginal income tax is
Question # 28
A checking deposit held at a commercial bank is considered ______ of that bank.
Question # 29
The long run Phillips curve is
Question # 30
Demand for a normal product may shift outwards if.
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Noor Ulain07 - Feb - 2023
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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G Ali11 - Oct - 2023
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Munawer Ali15 - Feb - 2023
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Sohaib Ali14 - Nov - 2024
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Given the saving equation S = - 50 + 0, 20 Y, where s is saving and Y is income.
A. The break even level of income is 240
B. Dissaving takes place if income is 300
C. Consumption expenditures and saving are equal at an income level of 500
D. The MPS is constant for all levels of income
2
Money's primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization This function of money is called.
A. Store of value
B. Medium of exchange
C. Standard of deferred payment
D. Unit of account
3
A decrease in fully autonomous investment other things equal shifts the ______ curve to the
A. IS ; right
B. IS ; Left
C. LM ; Left
D. LM ; right
4
A decrease in the quantity of money supplied shifts the money supply curve to the________ and the equilibrium interest rate
A. right ; fall
B. right ; rises
C. left ; falls
D. left ; rises
5
a possible use in encomia's for the circle or the ellipse is to model.
A. Production possibility curve
B. Demand cuve
C. Isocost liine
D. Supply curve
6
An increase in price all other, things unchanged leads to.
A. Shift demand outwards
B. Shift demand inward
C. A contraction of demand
D. An extension of demand
7
An expansionary supply side shock results in.
A. An increased real national income
B. The aggregate supply curve shifting to the left
C. The aggregate demand curve shifting to the right
D. The aggregate demand curve shifting to the left
8
Price controls are
A. Necessary for consumer's welfares
B. A must to check inflation
C. Doomed to fall
D. None of these
9
The respect for nature is a book written by.
A. Spinoza
B. Paul Taylor
C. Arne Naess
D. None of these
10
According to the permanent income hypothesis all increases in .
A. Permanent income are saved
B. Permanent income are consumed
C. transitory income are saved
D. Transitory income are consumed
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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