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 Public Finance	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

U

Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
S

Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
N

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
S

Shad Ali Shah 08 - May - 2024 14 Min 06 Sec 18/30
G

G Ali 11 - Oct - 2023 16 Min 36 Sec 17/30
M

muhammad irfanatta 28 - May - 2024 03 Min 55 Sec 16/30
M

Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
S

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

PPSC Economics Important MCQ's

Sr.#	Question	Answer
1	Which of the following procedures is included in the process that produces a value for disposable personal income	A. subtracting excies and sales taxes B. Subtracting nonbusiness interest C. Subtracting transfer payment from government. D. subtracting income taxes
2	Export led growth strategies tend to emphasize.	A. Resource allocation based on the principle of absolute advantage. B. Resource allocation based on the principle of comparative advantage. C. Trade protection for exporting competing firms D. Trade protection for import competing firms
3	Theories of surplus labor describe that	A. In UDCs unemployment rate is high B. The margin productivity labor is near to zero C. Overpopulation is much more in UDCs D. DCs have less uemployment
4	When imports from a higher cost supplier with in customs union replace imports from a lower cost supplier outside the custom union, there exists.	A. Trade creation B. Trade diversion C. Dynamic welfare effects D. Comprehensive welfare efffects
5	Fiscal policy output to change demand for output is.	A. Completely effective in region KL B. Partially effective in region JK C. Elasticity is infinite for region LT D. Completely ineffective in region LT
6	You move some of your savings account balance into your checking account.	A. M2 falls and M1 rises B. M1 falls and M2 rises C. M1 and M2 are unchanged D. M1 rises and M2 remains unchanged
7	What is the production level for public good W, if the government uses full cost pricing.	A. Q = 2 B. Q = 5 C. Q= 4 D. Q = 6
8	R.M. Solow in his model assumes that the prices and wages are.	A. Flexible B. Non flexible C. Rigid D. None of these
9	The agricultural price support program is an example of.	A. A price celling B. A price floor C. Equilibrium pricing D. None of these
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.	A. Positive B. Negative C. Zero D. Cannot tell without more information

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

A firm that is a price taker faces a perfectly

A monopolist who is charging high price operates on.

A consumer is said to be in equilibrium when the marginla utility and price of a commodity

Theory is a set of systematically related propositions specifying casual relationship among variables is defined by

Domestic borrowing includes the government borrowing through

The trade model of the Swedish economists Hackscher and Ohlin maintains that.

If average fixed cost is 40 and average variable cost is 80 for a given output we the know that average total cost is.

The fact that the production function relating output to labor becomes flatter as we move from left to right means that.

Free trade is based on the principle of

Which of the following was a belief shared by utopian and scientific socialists.

Which of the following groups is most hurt by unexpected inflation.

How many stock exchanges are there in Pakistan.

A square matrix with 1's in its principal diagonal and zeros every where else is.

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

The costs of inflation are

The determinant of a matrix and that of its transpose are

Weighted monetary aggregates

If both supply and demand for a good increase at the same time which of the following must also increase

The long run aggregate supply curve

As long as all prices remain constant an increase in money income results in.

Comparative advantage is determined by

In the circular flow we would expect leakages to __________ injections.

Which of the following is correct for the demand and supply schedules given above.

Net National product equals.

Which of the following best defines price discrimination.

Cross -elasticity following commodities is very high

Which of the following is necessary for a natural monopoly.

If the price is less than the average cost but higher than the average variable costs.

A government might use tax to.

The value of a household's assets minus the value of its liabilities is called.

Topic Test

Here is List Of Chapter Wise Tests

Top Scorers of PPSC Economics Full Book MCQ Test

PPSC Economics Important MCQ's

MCQ's Tests For PPSC Economics Preparation

Test Questions

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