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.
If GNP = 1,000 billion and the money supply is 330 billion , then the velocity of money is.
Question # 2
According to solo growth model capital and labor are.
Question # 3
An equation in which all variables are raised to the first power is known as.
Question # 4
In the Keynesian cross diagram an increasing investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift _____ and the equilibrium level of aggregate output to.
Question # 5
The aggregate demand curve is downward sloping because a higher price level.
Question # 6
Which of the following changes shifts the AD curve up and to the right.
Question # 7
Rate of growth of an economy is measured in terms of
Question # 8
Headquarter of IMF is located in.
Question # 9
Floating exchange rates are __ in the short run
Question # 10
The exogenous variable in the income equation C +!+G = y is
Question # 11
As the MPS increases, the multiplier will
Question # 12
The most frequently occurring score in distribution.
Question # 13
An autonomous rise in __________ note causes by a change in the price level aggregate output of the interest shifts the _________ curve to the
Question # 14
Interview guide leaves as a suggestive reference or prompter during.
Question # 15
The purpose of making assumptions in economic model building is to.
Question # 16
The cliche that "the punishment should fit the crime" originated in the writing of.
Question # 17
The marginal Revenue product is.
Question # 18
"Although he didn't say so, this may ultimately compet the central bank to resort increasingly to managing the money supply by managing banks excess cash reserves the stuff from which the banks create loans". How would the central bank manages these excess reserves.
Question # 19
If the coefficient of price elasticity is less than one
Question # 20
To maximize revenue, an excise tax should be imposed on a product
Question # 21
The search for answers to research questions is called collection of
Question # 22
Acquisition and merger are examples of.
Question # 23
A scarce good.
Question # 24
In price discrimination, which section of the market is charged the higher price.
Question # 25
A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
Question # 26
A set containing only one element is termed as
Question # 27
If export's are a constant proportion of GNP such that E = 18 GNP, find the level of imports that would represent a zero trade balance when GNP = 10,000
Question # 28
The estimated regression coefficient for good Y indicates
Question # 29
Firms are assumed to ____ costs and to _______ profit.
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
In the long run in perfect competitiion
A. the price equals the total revenue
B. Firm are allocatively inefficient
C. Firms are productively efficient
D. the price equals total cost
2
If a country has a bowed out production possibility frontier then production is said to be subject to.
A. Constant opportunity costs
B. Decreasing opportunity costs
C. First increasing and than decreasing opportunity costs
D. Increasing opportunity costs
3
When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.
A. Is unrelated to the rate of interest
B. Is positively related to the rate or interest
C. Inversely related to the rate of interest
D. Falls as the rate of interest decreases
4
Which of the following is not a global organization?
A. IMF
B. World bank
C. Competition commission
D. WTO
5
The view that human beings are above of outside of nature as a source of value to known as.
A. Eco cetrism
B. Authropocentrum
C. Holism
D. Bio centrisim
6
In Production of goods and services tradeoffs exist becasue.
A. Buyers and sellers often negotiate prices
B. Society has only a limited amount of productive resources
C. Not all production is efficient
D. Human wants and needs are limited at a particular point in time
7
The world narrative derived from Latin verb
A. Quantitative research
B. Qualitative research
C. Descriptive research
D. Experimental
8
The World Bank gives
A. Long term
B. Short term and long term credits
C. Both long term credits
D. None of these
9
Fiscal policy refers to.
A. The actions of the central bank in controlling the money supply
B. The government's altitude to taxation
C. The spending and taxing policies used by the government to influence the economy
D. The governments regulation of financial intermediaries.
10
If the Bank of Pakistan wished to pursue an expansionary monetary policy it would.
A. Increase the minimum reserve asset ratio
B. Sell government securities on the open market
C. Buy government securities on the open market
D. Raise interest rates.
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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