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.
Who said that research studies have differing degree of purity and applicability.
Question # 2
According to the Heckscher - Ohlin model
Question # 3
The concept of a jus pric that condemned market forces for yielding unjust results was developed in the writings of.
Question # 4
In monopolistic competition firms profit maximize where
Question # 5
Which of the following is true.
Question # 6
The costs of inflation are
Question # 7
The firms long run output decision will be where.
Question # 8
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.
Question # 9
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 # 10
Some goods are not closely related to each other and are neither substitutes nor complements for such goods the cross price elasticity of demand would be.
Question # 11
Perfect competition implies
Question # 12
If the demand for money increase relative to the supply of money
Question # 13
The ABC corporation.
Question # 14
The very word statistics refers to.
Question # 15
The purpose of making assumptions in economic model building is to.
Question # 16
Normal profit occurs when
Question # 17
Which among the following is the sensible theory of sampling.
Question # 18
A checking deposit held at a commercial bank is considered ______ of that bank.
Question # 19
A competitive firms demand curve is.
Question # 20
With a positive externality
Question # 21
If a country has a bowed out production possibility frontier then production is said to be subject to.
Question # 22
A feasible effect of international trade is that a
Question # 23
Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
Question # 24
The central economic problem in an economy refers to.
Question # 25
The elements in the Horizontal line in a matrix is called.
Question # 26
Which of the following are function of inferential statistic.
Question # 27
Which of the following part of M1
Question # 28
Floating exchange rates are __ in the short run
Question # 29
If the rate of growth of a full employment labor forc eis 1.55 and 2.55 then the celling rate of growth of real GNP, according to Hick's theory of a constrained business cycle,is.
Question # 30
A situation in which firms choose their best strategy given the strategies chosen by the other firms in the market 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
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
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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
If the same amount is added to or subtracted from all the values, standard deviation shall be.
A. Changed
B. Unchanged
C. Both
D. None
2
Profit is measured by
A. Revenue - Fixed costs
B. Fixed cost + revenue
C. Revenue - sales
D. Revenues - total costs
3
The epigram "time is money" expresses , in part, the concept of.
A. Opportunity cost
B. Comparative advantage
C. Specialization
D. Efficiency in production
4
The income elasticity of inferior goods is
A. Zero
B. Positive
C. Negative
D. Unitary
5
Saving means
A. Part of income for investment
B. Income for boarding
C. Non consumption of income in the current period
D. None of the above
6
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
7
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.
8
The liquidity trap occurs when the demand for money
A. Is perfectly interest elastic
B. Is perfectly interest inelastic
C. Means that an increase in money supply leads to a fall int he interest rate
D. Means that an increase in the money supply leads to an increase in the interest rate
9
In the short run if price falls the firm will respond by
A. Shutting down
B. Equating average variable cost to marginal revenue
C. Reducing output along its marginal cost curve as long as marginal revenue exceed average variable cost
D. None of the above
10
Ibn-e Khaldun discussed in detail the principles of.
A. Taxation
B. Terms of trade
C. Term of rent
D. Duties of ruler
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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