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.
Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.
Question # 2
If the marginal revenue is positive
Question # 3
Suppose there is full employment and a neoclassical aggregate supply schedule A 105 increases in the nominal money supply.
Question # 4
Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment , caters parabasal increases equilibrium income and the budget.
Question # 5
Ordinal measurement approach was not presented by
Question # 6
In the classical model of Ricardo the direction of trade is determined by
Question # 7
Less Developed countries lend to have
Question # 8
The movement of disguised unemployment is.
Question # 9
MRSxy being 6 means
Question # 10
Laboratory experiments cannot be performed in economics because.
Question # 11
An increase in the price of a complement or produce.A would.
Question # 12
Economics given can be shown by
Question # 13
Given the demand and supply cautions qo = -8p + 2000 and qs = 12 p - 200 respectively the equilibrium price.
Question # 14
An Engel curve is based on which one of the following assumptions.
Question # 15
Prohibiting a trade between two people
Question # 16
If Supply and demand both decrease simultaneously. Which of the following will happen.
Question # 17
If economics when we say that people are rational, we mean that they.
Question # 18
There is positive relationship between multiplier and.
Question # 19
Economic development can be achieve through stages, is the theory of.
Question # 20
The economic logic behind granting central bank's independence from governmental the conduct of monetary policy is.
Question # 21
The short run Philips curve can shift in response to changes in
Question # 22
Given the Is -LM construction of the figure above an unexpected increase in the price level, in the absence of any policy adjustment will.
Question # 23
Who among the following is concerned with deep acology.
Question # 24
An increase in expected inflation is likely ot cause.
Question # 25
Who is regarded as the founder of theory of sets.
Question # 26
A rise in planned investment spending unrelated to the interest rate causes teh equilibrium level of aggregate output to __________ at shifts the _____ curve to the _______
Question # 27
A mathematical statement setting two algebraic expressions equal to each other is called.
Question # 28
In a "Lorenz curve diagram absolute equality in income distribution would appear as.
Question # 29
Objectivity means basing conclusions on facts without any bias and.
Question # 30
Which of the following is not an obvious or direct determinant of a country's imports.
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
management of the economy via extensive regulation and laws specified by the national government is most consistent with
A. syndication
B. Mercantilism
C. Classical liberalism
D. None of these
2
To adjust from gross National Product to Net National Product
A. Deduct deprecation
B. Deduct indirect taxes
C. Deduct subsidies
D. Add inflation
3
In the efficiency wage model if the real wage is higher than the market clearing wage so that there in an excess supply of labor.
A. Firms will hire new workers at lower wages
B. Firms will replace high paid workers with low paid formerly unemployed workers
C. Employers will not hire workers who are willing to work for a lower wage.
D. Firms will demand a higher level of effort from existing employees
4
A technological improvement will
A. Increases the desired capital stock
B. Decrease the desired capital stock
C. Have no effect on the desired capital stock
D. Have the same effect on the desired capital stock as an increase in corporate taxes.
5
If two firms doing the same thing in the same industry join together this is known as a.
A. vertical merger
B. Horizontal merger
C. Conglomerate merger
D. Hostile takeover
6
The central bank and the government are working against each other if as the government cuts taxes the central bank
A. Sells government bonds
B. Lowers the discount rate
C. Increase the money supply
D. Decrease the legal reserve requirements
7
Small nations whose trade and financial relationships are mainly with a single partner tend to utilize.
A. Pegged exchange rates
B. Freely floating exchanged rates
C. Managed floating exchange rates
D. Crewing exchange rates.
8
The ABC corporation.
A. Is earning a pure economic profit
B. Should produce zero units of output
C. Is sustaining an economic loss
D. Is breaking even
9
A circular constellation of force tending to act and react upon each other in such away to keep a poor country in a state of poverty is termed as.
A. Vicious circle of poverty
B. Low capital formation
C. Low development
D. disguised unemployment
10
The most important determinant of price elasticity is.
A. The slope of the demand curve
B. The availability of substitutes
C. The price of other goods
D. The income of the consumer
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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