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.
Under the constitution of Pakistan National Finance Commission distribute the amount from Federal taxes to provinces on the basis of.
Question # 2
if a consumer is purchasing only two commodities X and Y , and the marginal utility per dollar of Y is greater than the marginal utility per dollar of X to maximize total utility with the limited income the consumer should buy.
Question # 3
If government regulations prohibit the production of a particular good the demand curve for that good will most likely.
Question # 4
The term that has no ecological perspective is.
Question # 5
The study which wants to determine the frequency of occurrence of an event of its association with something.
Question # 6
Specific tariffs are collected as
Question # 7
Substance forming is found in
Question # 8
If marginal cost is positive and falling.
Question # 9
The level of the equilibrium exchange rate offsets international difference in.
Question # 10
The purpose of financial intermediaries is.
Question # 11
If the Federal Reserve wishes to increase the money supply it should.
Question # 12
Disposable income is obtained by subtracting ________ taxes from personal income
Question # 13
An example of discretionary fiscal policy would be.
Question # 14
If there is a price celling which of the following is NOT likely to occur.
Question # 15
Over time the wealth of society increases and payments technologies get more efficient What is the effect on money demand of these two changes.
Question # 16
Who among the following was the leader of Monetarism
Question # 17
The ratio of debt to GDP will be larger
Question # 18
Total factor productivity growth is that part of economic growth due to.
Question # 19
According to Keynes, when the great depression started the government should be.
Question # 20
Ad valorem tariffs are collected as
Question # 21
The exchange rate is kept the same across geographically separate markets by
Question # 22
The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.
Question # 23
One of the following is the renowned book of Imam Abu Yousaf
Question # 24
In the Keynesian cross diagram, an increase in autonomous consumer function to shift _______ the equilibrium level of aggregate output to rise and the IS curve to shift to the.
Question # 25
A decline expected future output would cause the IS curve to.
Question # 26
If Supply and demand both decrease simultaneously. Which of the following will happen.
Question # 27
Which of the following actions is an example of expansionary fiscal policy.
Question # 28
If the price level for an economy was 100 in 1984 , 115 in 1985 and 125 in 1986 the rate of inflation between 1985 and 1986 was.
Question # 29
Head quarter of general Agreement on Tariffs and trade is located in.
Question # 30
Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.
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
S
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
"Some economists criticized the central bank for not moving in the face of the waning recovery One who prefers anonymity stated the failure to move today leaves us with low inflation a weak economy and climbing jobless claims these are classic signs of an impending downturn The fed fiddles while the economy burns This economist would want to see.
A. A higher interests rate
B. A higher reserve requirement
C. a decrease in the money supply
D. An increase in the money supply
2
The fall in the birth ratio will affect the process of economic growth according to
A. Schumpeter
B. A.H.Nansen
C. Karl Marix
D. M.P. Todaro
3
If a price increase of good A increases the quantity demanded of good B, then good B is a.
A. substitute good
B. Complementary good
C. Bargain
D. Interior good
4
If people are made unemployed because of a fall in aggregate demand this is known as.
A. Frictional unemployment
B. Seasonal unemployment
C. Cyclical unemployment
D. Structural unemployment
5
A firm's long run average total cost lineis
A. Identical to its long run marginal cost line
B. Also its long run supply curve
C. In fact the average total cost curve of the optimal plant
D. Tangent to all the curve of short run average total cost
6
In pure monopoly what is the relation between the price and teh marginal revenue.
A. The price is greater than the marginal revenue
B. The price is les than the marginal revenue
C. There is no relation
D. They are equal
7
In long run equilibrium a monopolistically competitive firm will find.
A. Marginal cost below average total cost
B. Marginal cost wqual to minimum average total cost
C. Both a and b
D. Neither a nor b
8
To adjust GDP from market prices to factor cost.
A. Add indirect taxes
B. Subtract subsidies
C. Deduct indirect taxes and subsides
D. Deduct indirect taxes and add subsides
9
Rate of growth of an economy is measured in terms of
A. Per capita income
B. industrial development
C. Number of people who have been lifted above the poverty line
D. National income
10
A decrease in autonomous consumer expenditure causes the equilibrium level of aggregate output to __________ at any given interest rate and shifts the ___ curve to the __________
A. rise ; LM ;right
B. rise ; IS ; right
C. Fall ; LM ; left
D. rise ;IS; Left
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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