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.
In the long run a profit maximizing firm will choose to exit a market when
Question # 2
Which of the following is likely ot be longer for monetary policy that for fiscal policy.
Question # 3
Which of the following products will have an elastic demand.
Question # 4
If a small country imposes a tariff on an imported good its terms of trade will
Question # 5
Which of the following is a normative statement in economics.
Question # 6
A decrease in the quantity of money supplied shifts the money supply curve to the _____ and the LM curve to the
Question # 7
Which of the following best defines price discrimination.
Question # 8
A combination labour and capital where the cost of an output is minimized is called.
Question # 9
The equilibrium level of income is.
Question # 10
Indifference curve is alwyas.
Question # 11
a possible use in encomia's for the circle or the ellipse is to model.
Question # 12
Micro economics is conceded with
Question # 13
Using the Keynesian model the effect of a government imposed celling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause._ in the real interest rate and _ in input out in the short sun.
Question # 14
Skilled labour is relatively scarce because.
Question # 15
When aggregate economic activity increasing the economy is said to be in.
Question # 16
According to classical economists unemployment rises in recessions due to an increase in ______ unemployment , not in _______ unemployment.
Question # 17
Money must fulfill all of the following functions except.
Question # 18
If the international terms of trade settle at a level that is between each country's opportunity cost.
Question # 19
The short run supply curve for a competitive industry is derived by.
Question # 20
If firm earn normal profits.
Question # 21
'Equal chance of being included in the sample", about what does Dr. Yates and Harper defined like this.
Question # 22
At any given level of the interest rate expectations are likely to be___________ optimistic and planned investment is likely to be ______ when _________ is growing rapidly than when it is growing slowly or falling.
Question # 23
The negative slope of the demand curve indicates that there is _______ relationship between the price and the quantity demanded.
Question # 24
The word economics derives from an early Greek term that means management of a.
Question # 25
Developing economics usually have
Question # 26
Tariffs.
Question # 27
An increase in the expected future marginal product of capital would cause the IS curve to.
Question # 28
A set totality of elements from all possible sets is called.
Question # 29
Short run is a time frame where a firm can change its.,
Question # 30
Real GNP is a crude measure of national welfare because it excludes.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
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Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
19/30
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
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azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
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G Ali11 - Oct - 2023
16 Min 36 Sec
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
16/30
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
The slope of a horizontal line is.
A. One
B. Zero
C. Three
D. two
2
Identification with nature is the grounding
A. Bio centrism
B. Deep ecology
C. Anthropocentrism
D. Holism
3
The primary function of a bank is to.
A. Control the money supply
B. Provide notes and coins for trade
C. Make a profit
D. Provide a chequeen clearing system.
4
If the demand for coffee decreases as income decreases, coffee is a
A. Normal good
B. Inferior good
C. Substitute good
D. Complementary good
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
Aggregate demand will increase if
A. Consumption falls
B. Investment falls
C. Exports fall
D. imports fall
7
The economies of the developing nations are monitored by.
A. ILO
B. WTO
C. IMF
D. UNICEF
8
Despite an expansionary monetary policy an economy experiences a recession the recession could occur in spite of the right ward shift of the LM curve if
A. The IS curve shifts left ward
B. The IS curve shifts right ward
C. The money supply increase
D. Taxes are cut
9
In the short run firm in perfect competition will still produce provided.
A. The price covers average variable cost
B. The price covers variable cost
C. The price covers average fixed cost
D. The price covers fixed cost
10
A person who is made redundant because of the contraction of an industry is a victim of.
A. Frictional unemployment
B. Demand deficient unemployment
C. Classical unemployment
D. Structural unemployment
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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