PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

Here is List Of Chapter Wise Tests

Ch. #	Test Name	MCQs Available	PDF File	Launch Test
1	PPSC Economics Topic 1 Basic Economics	302	Download PDF	Launch Test
2	PPSC Economics Topic 2 Micro Economics	284	Download PDF	Launch Test
3	PPSC Economics Topic 3 Macro Economics	339	Download PDF	Launch Test
4	PPSC Economics Topic 4 Monetary & Fiscal Policy	264	Download PDF	Launch Test
5	PPSC Economics Topic 5 International Economics	153	Download PDF	Launch Test
6	PPSC Economics Topic 6 Economics Model	30	Download PDF	Launch Test
7	PPSC Economics Topic 7 Islamic Economics	28	Download PDF	Launch Test
8	PPSC Economics Topic 8 Development Economics	55	Download PDF	Launch Test
9	PPSC Economics Topic 9 Pakistan Economics	144	Download PDF	Launch Test
10	PPSC Economics Topic 10 Most Frequently Asked Economics MCQS	190	Download PDF	Launch Test
11	PPSC Economics Topic 11 Assess Your Basics	201	Download PDF	Launch Test
12	PPSC Economics Topic 12 Statistics In Economics	76	Download PDF	Launch Test
13	PPSC Economics Topic 13 Mathematics in Economics	94	Download PDF	Launch Test
14	PPSC Economics Topic 14 History Of Economics Thought	26	Download PDF	Launch Test
15	PPSC Economics Topic 15 Philosophy of Economics	38	Download PDF	Launch Test
16	PPSC Economics Topic 16 Research Methods for Economist	90	Download PDF	Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

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Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
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Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
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Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
A

Abdullah innocent 05 - Apr - 2023 08 Min 22 Sec 19/30
A

azizbarawal@gmail.com 31 - Jan - 2023 13 Min 31 Sec 18/30
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Shad Ali Shah 08 - May - 2024 14 Min 06 Sec 18/30
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G Ali 11 - Oct - 2023 16 Min 36 Sec 17/30
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muhammad irfanatta 28 - May - 2024 03 Min 55 Sec 16/30
M

Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
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Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
U

Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
H

Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
A

Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
A

Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
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Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

Sr.#	Question	Answer
1	Country A 's GNP is increasing by 3% a year in contrast to its population growth of 2.4% The rate of growth of per capita GNP is.	A. 3% B. 0.85 C. 0.6% D. 2.4%
2	If a long average cost rises, output rises from left to right this is an example of.	A. Increasing returns to scale B. Decreasing returns to scale. C. Constant returns to scale D. the minimum efficient scale
3	Which exchange rate system does not require monetary reserves for official exchange rate intervention.	A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates
4	The largest trading partner of Pakistan is	A. Italy B. UK C. USA D. None of these
5	Because a monopoly hires workers up to the point where their marginal revenue product equals the wage rate the monopoly will.	A. Pay less than the going wage rate B. Pay a wage equal to the value of the marginal product of labor C. Pay less than the value of the marginal product of labor D. Pay workers what they are worth to society
6	Ineven A occurs the payoff will be Rs.5,670.00 . the probability of event A occurring is .87 What is the expected payoff of event A.	A. Rs.5,670.00 9d) B. Rs.4,832.10 C. Rs. 4,932.90 D. Rs.5000.00
7	Pakistan place in the world area size in ______ number.	A. 4th B. 5th C. 6th D. 7th
8	The are price elasticity of demand is approximately	A. 0.3 B. 3.3 C. 6.0 D. 0.2
9	Which of the following would qualify as an aggregate supply shock.	A. An unexpected increase in oil prices B. Seasonally expected increase in oil prices C. An unexpected reduction in consumer confidence D. an anticipated tax cut
10	When we refer to the hidden economy we mean unrecorded income owing to.	A. Tax evasion B. Poor statistics C. The lags between statistical collection and publication . D. Smuggling

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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PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

Economics Paper Pattern For PPSC

PPSC Economics Full Book MCQ Test

PPSC Economics Full Book MCQ Test

When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firm in the market we have

A monopoly may be self perpetuating because profits may be used for

Indirect taxes are

An exceptional demand curve is.

If there is a price celling which of the following is NOT likely to occur.

If each element of a raw or column is a sum of two elements, the determinant can be expressed as the

When the supply of money increases.

Import quotas tend to result in all of the following except.

Current account deficits are offset by

The price of salsa rises, How does the increase in the price of salsa affect the supply of salsa.

Object of case study is to.

A firm can fund an investment from its own sources, the opportunity cost of its investment is

The costs of disinflation would be low if

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

Efficiency wages are_______ that raise

The earliest statement of the principle of comparative advantage in associated with

When referring to economic growth we normally refer to.

Money is

The regression results indicate that the standard error of estimate is.

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

The opportunity cost of a student is.

Equilibrium occurs in a two sector model when

All currencies other than the domestic currency of a given country are referred to as.

According to Okun's law an increase in the unemployment rate will cause_______ in the level of empolyment and __ in the level of output.

Which skills are most likely to be paid for by the employer.

Unfair competition does not include

"Reducing inflation is a more important objective than economic growth" is an example of.

A subsidy paid to producers.

One of the following is not a necessary characteristics of UDCs

In the short run, the supply of farm commodities is.

Topic Test

Here is List Of Chapter Wise Tests

Top Scorers of PPSC Economics Full Book MCQ Test

MCQ's Tests For PPSC Economics Preparation

Test Questions

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According to Okun's law an increase in the unemployment rate will cause_____ in the level of empolyment and in the level of output.