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 liquidity trap occurs when the demand for money
Question # 2
The function y = 2x + 1 and x = 1/2 y - 1/2 are said to be.
Question # 3
What did economist Adam Smith identity as the "invisible hand" that directs the decision making of firms and households in a market economy.
Question # 4
A state of government bonds by the central bank should cause
Question # 5
The economic growth model of Ricardo based on.
Question # 6
An increase in government spending causes the equilibrium level of aggregate output to_______ at any given interest rate and shifts the ____ curve to the
Question # 7
Which trade policy results in the government levying both a specific tariff and an advalorem tariff on imported goods.
Question # 8
Which of the following strategies have developing countries not used to deal with the problem of unstable export markets.
Question # 9
Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
Question # 10
The effect of the most favored nation clause is to.
Question # 11
In the short run the competitive firm will produce if.
Question # 12
Research is directed towards the solution of immediate , specific and practical problem is called.
Question # 13
The nominal interest rate minus the inflation rate is the
Question # 14
Quota sampling is the combination of.
Question # 15
If the demand for coffee decreases as income decreases, coffee is a
Question # 16
In the Keynesian cross diagram a decline in autonomous consumer expenditure causes the aggregate demand function to shift down The equilibrium level of aggregate output to ___________ and the IS curve to shift to the
Question # 17
Which of the following is not one of the four Ps in marketing.
Question # 18
By financial crowding our economists mean
Question # 19
A system of systematically interrelated concepts definitions and propositions that are advanced to explained and product phenomena.
Question # 20
In the short run an increase in the quantity of money ______ real GDP and _ the price level.
Question # 21
The first level of output at which the long run average costs are minimized is called.
Question # 22
During inflation.
Question # 23
The law of diminishing returns states that as more of a variable factor is added to a certain amount of a fixed factor beyond some point.
Question # 24
The substitution effect of a decrease in real interest rates is to cause a consumer to.
Question # 25
According to Lincoln, I. Chao what is the primary objective of modern statics.
Question # 26
Economists use the term marginal utility to mean.
Question # 27
When planned saving is greater than planned investment.
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
A
Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
A
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
16/30
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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
Economic transition involves high inflation because ______ and _____
A. High monetary growth, high wages.
B. High budget deficits, devaluation
C. High monetary growth, devaluation
D. Prices surge from an artificially low level to their equilibrium level the inflation tax is required as source of government revenue.
2
In land intensive method which mean production is used comparativelymore
A. Labour
B. Land
C. Capital
D. Organization
3
An increase in investment leads to an increase in income and consumer spending, which in turn leads to a further increase in investment spending This is example of.
A. The expenditure multiplier
B. Explosive gowth
C. Hyperinflation
D. Interaction of multiplier and accelerator
4
Saving means
A. Part of income for investment
B. Income for boarding
C. Non consumption of income in the current period
D. None of the above
5
The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.
A. Relative price
B. Elasticity
C. J- Curve
D. Pass through
6
Globalization is likely to increase with
A. More protectionism
B. An increase in tariffs
C. More trade within countries
D. Greater trade flows between countries
7
Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.
A. Restrictions on bank loans
B. Increased taxes
C. Contractionary fiscal policy
D. Expansionary fiscal policy
8
Local correspondent's method can be applied only where a high degree of precision is not.
A. Case
B. Necessary
C. Interview
D. Nalied
9
In pure monopoly there is.
A. A lot of firms
B. Two firms
C. A single firm
D. Many firms
10
If every elements of a raw or column of a square matrix A is zero, then the value of the determinant .
A. Equal
B. Zero
C. One
D. Negative related
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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