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.
Poor developing countries typically impose ______ tariffs than rich advanced nations on imports.
Question # 2
One of the difference between a perfectly competitive fir's long run equilibrium and the long run equilibrium of a monopolistically competitive firm is that
Question # 3
In the expenditure approach to GDP which of the following would be excluded from measurement of GDP.
Question # 4
In monopoly when abnormal profits are made.
Question # 5
If there is a price celling there will be
Question # 6
In _________ the government replaced the development board with a new autonomous body called the planning board.
Question # 7
Which of the following does not result in an increase in U.S. autonomous net exports.
Question # 8
The short run impact of unanticipated expansionary monetary policy is that.
Question # 9
The factor endearment model of international trade was developed by.
Question # 10
Macro economics deals with
Question # 11
The demand curve of unitary elastic commodity is.
Question # 12
Investors engage in ____ when they move funds into foreign currencies in order to take advantage of interest rates abroad the are higher than domestic interest rates.
Question # 13
All of the following are credit items in the balance of payments except.
Question # 14
Desired national saving would increase unambiguously if there were
Question # 15
The slope of a horizontal line is.
Question # 16
The type of business in which an individual has unlimited responsibility for the debts of the organization.
Question # 17
In autarky equilibrium.
Question # 18
If a good is normal then the demand curve for that good must be.
Question # 19
The relation ship between the exchange rate and the prices of tradable goods is known as the.
Question # 20
The data indicates that country A in billions of rupees is experiencing a
Question # 21
First land reforms made by Ayub Khan in
Question # 22
An increase in the marginal propensity to import.
Question # 23
If firms paying employees monthly began paying them weakly then the demand for money would.
Question # 24
An outward shift in the marginal efficacy of capital should.
Question # 25
The level of the equilibrium exchange rate offsets international difference in.
Question # 26
The accelerator theory of investment says that induced investments determined by.
Question # 27
The practice of using fiscal and monetary policy to stabilize the economy is known as.
Question # 28
The balance of trade can only worsen if income_______ relative to absorption
Question # 29
"Null set is proper subset of all the non nul sets" this statement is.
Question # 30
In the Keynesian model in the long run an increase in the money supply will raise
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
18/30
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
18/30
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G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
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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 largest source of tax revenue for the federal government is
A. The prerenal income tax
B. The social security tax
C. the property tax
D. The sales tax
2
If a simultaneous and equal percentage decrease in the use of all physical inputs leads to a larger percentage decrease in physical output a firm's production function is said to exhibit.
A. Decreasing returns to scale
B.
Constant returns to scale
C. Increasing returns to scale
D. Diseconomies of scale
3
Ad valorem tariffs are collected as.
A. Fixed amounts of money per unit traded
B. A percentage of the price of the product
C. A percentage of the quantity of imports
D. All of the above
4
Who advocates laissez fair.
A. Monetarists
B. Classical
C. Neo classical
D. Modern
5
Tariff levels in advanced countries tend to be ___ tariff levels in developing countries.
A. Higher than
B. Equal to
C. Lower than
D. There is no general pattern
6
Given the Is -LM construction of the figure above an unexpected increase in the price level, in the absence of any policy adjustment will.
A. Increase both interest rates and GNP
B. Reduce both interest rates and GNP
C. Increase GNP but cause interest rates to tall
D. Increase interest but cause GNP to fall.
7
From a Keynesian perspective business investment will de cline as a result of.
A. A fall in the interest rate
B. A decrease in business taxes
C. A decline in business expectations
D. Acceleration of business depreciation
8
Equilibrium price is a price at which
A. Quantity demanded is equal to quantity suppled
B. Quantity demanded minus quantity supplied is zero
C. quantity demanded = quantity supplied
D. All of these
9
The variable that stands alone on the left hand side of the equation such as y = 2x + 1 is known as.
A. Dependent variable
B. Independent variable
C. Endogenous variable
D. Explained variable
10
If an economy is productively efficient.
A. Everyone is wealthy
B. Resources are unemployed
C. More of one product can only be produced if less of another product is produced.
D. The distribution of income is equal
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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