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.
Other things equal a decrease in autonomous consumption shifts the _____ curve to the
Question # 2
Top footballers land to earn more than lecturers because.
Question # 3
Census is held in Pakistan after every ___ year
Question # 4
All of the following are obstacles to international economic policy coordination except.
Question # 5
There are three fundamental questions every society must answer Which of the following is one of these questions.
Question # 6
An entrepreneur who collects profits in the short run for a new invention is collecting.
Question # 7
Most commonly referred indicator of inflation is
Question # 8
In a model in which there is no government new investment capital replacement or international trade the market value of final output equals.
Question # 9
An increase in money _______ shifts the LM curve to the _____ causing the interest rate to fall and output to rise
Question # 10
Along the long run supply curve all of the following can vary except.
Question # 11
In which of the following situations will an increase in the money supply have no effect upon equilibrium iincome.
Question # 12
Which of the following is a characteristic of pure monopoly.
Question # 13
Livestock is
Question # 14
Skills that can be transferred to other employers are called.
Question # 15
Firms are assumed to ____ costs and to _______ profit.
Question # 16
Laboratory experiments cannot be performed in economics because.
Question # 17
The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.
Question # 18
In the Keynesian model which curve is vertical.
Question # 19
When GNP is Rs.500 billion and consumption expenditures are Rs.300 billion.
Question # 20
Real business cycle theories suggest that _____ to correct departures from the desired growth path.
Question # 21
An increase in spending those results from expansionary _______ policy cause the interest rate to.
Question # 22
Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.
Question # 23
Biocentrism comes under
Question # 24
When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firms in the market we have.
Question # 25
The goal of a pure market economy is to best meet the desires of
Question # 26
The "balance trade" is a record of.
Question # 27
Those who argue in favor of import protection generally give the impression that such restricted trade will
Question # 28
Less Developed countries lend to have
Question # 29
If the determinant formed by the elements of the matrix A is equal to zero, then the matrix is.
Question # 30
An autonomous rise in __________ note causes by a change in the price level aggregate output of the interest shifts the _________ curve to the
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
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Shoaib khan11 - Oct - 2022
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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azizbarawal@gmail.com 31 - Jan - 2023
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Shad Ali Shah08 - May - 2024
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muhammad irfanatta28 - May - 2024
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Munawer Ali15 - Feb - 2023
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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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
The increase in total cost when one more units is produced is known as.
A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost
2
Life centered, ethics taken into account of action of.
A. Animals
B. Human beings
C. Impact of human action
D. Al of these
3
Profit is measured by
A. Revenue - Fixed costs
B. Fixed cost + revenue
C. Revenue - sales
D. Revenues - total costs
4
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals.
A. the average cost of labour
B. The marginal product
C. The marginal revenue
D. The total cost of labour
5
Matrix multiplication does not satisfy
A. Associative law
B. Distributive law
C. Commutative law
D. None of the above
6
any number raise to the power zero is always equal to.
A. zero
B. one
C. two
D. The number itself
7
If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
8
GDP difference between GNP because.
A. GDP = GNP - net factor payments from abroad
B. GNP = GDP -net factor payments from abroad
C. GDP = GNP -capital consumption allowances
D. GNP = GDP -capital consumption allowances.
9
Major drawback to research ears in Pakistan is
A. Lack of sufficient number of Universities
B. Lack of sufficient research guides
C. Lack of sufficient fund
D. Lac of scientific training in research
10
Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase this increase in the price of the good results in.
A. A rightward shift of the supply curve
B. An increase in quantity supplied
C. A leftward shift of the supply curve
D. A leftward movement along the supply curve
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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