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.
The hidden momentum of population growth is caused by
Question # 2
Laboratory experiments cannot be performed in economics because.
Question # 3
For given government spending and taxation the government budget deficit will grow in __________ and decline in _________
Question # 4
When Daimler Benz maker of the Mercedes bought Chrysler the merger was
Question # 5
Which of the following is not an obvious or direct determinant of a country's imports.
Question # 6
If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.
Question # 7
In the money market a condition of excess demand for money can be eliminated by a __________ in aggregate output or a ____ in the interest rate both of which reduce the quantity of money demanded.
Question # 8
As disposable income increases from Rs. 1500 to 2000 , saving increases from minus Rs. 50 to Rs.250 if the relationship between disposable income and saving is linear, the MPC obviously has a value of.
Question # 9
The overall Budget Deficit is financed from
Question # 10
The negative effect on the economy that occurs when average tax rates increases because taxpayers have moved into higher income brackets during an expansion is.
Question # 11
In a free market the combination of products produced will be determined by.
Question # 12
Statistics are affected to a market extend by
Question # 13
The business cycle describes fluctuations in output around the.
Question # 14
The AD schedule indicates that______ inflation is associated with______ output.
Question # 15
A sale of bonds by the central bank should cause.
Question # 16
The short run Philips curve can shift in response to changes in
Question # 17
Advocates of industrial policy maintain that government should.
Question # 18
Which one of the following is the largest sector of Pakistan Economy.
Question # 19
The main role of the Federal Reserve is to
Question # 20
Pakistan's public debt a
Question # 21
The largest trading partner of Pakistan is
Question # 22
A market demand curve can be derived by adding all the individual demand curves
Question # 23
The NAFTA is a
Question # 24
Which of the following changes shifts the SRAS curve down.
Question # 25
Which of the following is automatic stabilizer.
Question # 26
Which of the following does not represent a barrier to entry into a market.
Question # 27
Net National product equals.
Question # 28
Given the IS equation Y = Ke a - Ke Bn the IS slope decreases when
Question # 29
Object of case study is to.
Question # 30
The opportunity cost of holding currency decreases when.
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08 Min 22 Sec
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Sohaib Ali14 - Nov - 2024
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13 Min 31 Sec
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28 Min 09 Sec
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Devaluation of rupee would result into
A. Expensive exports
B. Expensive imports
C. Expensive labour
D. Overvalues Rupee
2
In the short term a firm will produce provided the revenue
A. Covers fixed costs
B. Covers variable costs
C. Covers total costs
D. Covers revenue
3
Eco Philosophy mainly deals with ethical part
A. Philosophy
B. Metaphysics
C. Logic
D. Aesthetics
4
If a few firms dominate an industry the market is known as.
A. Monopolistic competition
B. Competitively monopolistic
C. Duopoly
D. Oligopoly
5
A monopoly there is
A. No difference between firm and industry
B. A few firms
C. Lot of firms
D. none of these
6
Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differtial in excess of transaction costs are called.
A. Differential actions
B. Cash transactions
C. Arbitrage
D. Forward transactions
7
Short run contractionary Fiscal policy would result in.
A. Aggregate demand moving to the right
B. Aggregate supply moving to the right
C. Aggregate demand moving to the left
D. Aggregate supply moving to the left
8
Skilled labour is relatively scarce because.
A. There are too few teachers
B. Too few student places in higher education
C. It is costly to acquire human capital
D. Teachers salaries are too low
9
It is a verbal method of searing data in the field surveys.
A. Interview
B. Questinaire method
C. Participant observation
D. Projective technique
10
Expansion in money supply stems from.
A. Increasing the cost of bank credit
B. Reducing availability of bank credit
C. Reducing the financial cost of bank credit
D. None of 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.
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