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.
Head quarter of World Economic forum is situated in
Question # 5
An example of discretionary fiscal policy would be.
Question # 6
in large scale industry 46% share is contributed by
Question # 7
The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.
Question # 8
Advocates of industrial policy maintain that government should.
Question # 9
Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as
Question # 10
Data that are verbal or other symbolic materials.
Question # 11
The Hecksher Ohlin theory explains comparative advantage as the result of difference in countries.
Question # 12
Find the revenue the government collects as a result of the tax
Question # 13
A possible use in economies for the circle of the ellipse is to model.
Question # 14
Suppose there is full employment and positively sloped aggregate supply schedule A decrees in taxes increases.
Question # 15
Which of the following is the agro based industry.
Question # 16
in the keynesian model in the short run the amount of employment is determined by the effective labor demand curve and the level of.
Question # 17
Which refers to a scale with a set of points which describes varying degrees of the dimensions of an attribute observed.
Question # 18
Which of the following best defines price discrimination.
Question # 19
Which of the following type of taxes is the most regressive.
Question # 20
Which of the following is an example of a normative statement.
Question # 21
When a person received an increase in wealth, what is likely to happen to consumption and saving.
Question # 22
Characteristics of economic laws are
Question # 23
According to Keynes the exogenous factors like technology increase in population and discovery of new markets are the reasons. of.
Question # 24
If Federal reserve conducts open market sales, the money supply ___ shifting the LM curve to the_____
Question # 25
In a Boom
Question # 26
If the demand for coffee decreases as income decreases, coffee is a
Question # 27
Law of demand is not applicable on
Question # 28
A monetary action consistent with the central bank selling bonds in the open market would be.
Question # 29
The first level of output at which the long run average costs are minimized is called.
Question # 30
If tastes are identical between countries then comparative advantage is determined by
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
Finding a partner to work with abroad is called a.
A. Takeover
B. Merger
C. Acquisition
D. Joint venture
2
Data is collected with reasonable standard of.
A. Numerical method
B. Feasibility
C. Accuracy
D. All of the above
3
"The problem with monetarism is that its advocates have seen it as infallible over short periods of time and wish it to be rigid in its application over all periods of time "The advocates of monetarism wish it to the rigid in its application over all periods of time to.
A. Weaken fiscal policy
B. Avoid monetary policy errors
C. Strengthen the impact of monetary policy
D. Ensure the independence of the central bank
4
A commercial bank has a required reserve ratio of 20% and desires to hold 5% in excess reserves. the bank receives a Rs. 10,000 deposit. It it abides by the required reserve ration and its desire to hold excess reserves the bank can make a loan of a most.
A. Rs.7500
B. Rs.2500
C. Rs.5000
D. Rs.30,000
5
A competitive firm produces a level of output at which.
A. Price is greater than marginal cost
B. Price equals marginal cost
C. Price is less than marginal cost
D. None of the above
6
Estimation is the process of.
A. Formulating some hypothesis about the population
B. Inferring statistic from parameter
C. Testing some hypothesis about eh population
D. Inferring parameter from statistic
7
BATA's marginal utility per dollars is .8 for both shorts and running shoes,. To attain her consumer equilibrium BATA should.
A. Buy an additional pair of shorts
B. Buy an additional pair of both items
C. Possibly not make any adjustment in her behavior
D. Sell her shorts and keep her shoes
8
If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.
A. Private good
B. Merit good
C. Public good
D. Abundant good
9
Money and income are.
A. Mirror image of each other
B. Two quite different concepts
C. Both measured as a per annum flow
D. Two ways of looking at the same thing.
10
The current chairperson of the planning commission of Pakistan.
A. Nadeem ul Haque
B. Mehmood ul Haq
C. Abdul Hafeez sheikh
D. None of the above
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.
Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
