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.
By death of any partner business will be dissolved in case of
Question # 3
The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.
Question # 4
Economists use the term utility to mean
Question # 5
A dichotomous question can be answered in one of the
Question # 6
In monopolistic competition, firms desire to sell more output at equilibrium because.
Question # 7
When your grandmother keeps her savings hidden under her mattress she is using money as.
Question # 8
The _____ analyzes the income distribution effects of trade in the short run when resources are immobile among industries.
Question # 9
A set totality of elements from all possible sets is called.
Question # 10
An increase in price all other, things unchanged leads to.
Question # 11
" A growing number of economists view the Fed's new willingness to take on more of the nation's debt as inflationary in the long run." This inflation worry is because.
Question # 12
when there is huge change in demand following method is used to measure elasticity of demand.
Question # 13
Suppose your company is in equilibrium will its capital stock at its desired level A permanent increase in the depreciation rate now has what effect on your desired capital stock. i
Question # 14
In order of practice price discrimination which of the following is needed.
Question # 15
Which of the following is an economic activity.
Question # 16
Measure of skewness gives.
Question # 17
Which of the following is not among Restow's stage of growth.
Question # 18
If the income elasticity of demand is +4
Question # 19
The limit of an economy's total productive capacity at any given time is set by
Question # 20
Following is the important feature of the Islamic economic system.
Question # 21
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 # 22
Short run average total costs are equal to the sum of _______ and______
Question # 23
The cliche that "the punishment should fit the crime" originated in the writing of.
Question # 24
Which of the following is an example of government policy that could reduce inflation.
Question # 25
Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
Question # 26
A price decrease and an increase in income are similar in that
Question # 27
A Horizontal demand curve for a good could arise because consumers.
Question # 28
A monopoly market.
Question # 29
The exit of firms out of a competitive market causes the supply curve to.
Question # 30
What major advantage of monetary policy over fiscal policy does this clipping underline.
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
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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
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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
The notation of Relationship is important
A. Dominations ecology
B. Deep ecology
C. Sympathy ecology
D. None of these
2
Rachel Carson wrote the book
A. Silent spring
B. Transpersonal ecology
C. Deep ecology
D. None of these
3
A diagonal matrix whose diagonal elements are equal is called.
A. Unit matrix
B. Singular matrix
C. Scalar matrix
D. Non singular matrix
4
A decline in planned investment spending unrelated to the interest rate focuses the equilibrium level of aggregate output to ________ and shifts the _ curve to the _______
A. rise; Lm ; RIGHT
B. RISE ; is; right
C. fall ; IS; Left
D. rise ; LM; left
5
Specific tariffs are collected as
A. Fixed amount of money per unit traded
B. a percentage of the price of the product
C. A percentage of the quantity of imports
D. All of the above
6
The factor endearment model of international trade was developed by.
A. Adam Smith
B. David Ricardo
C. John Stuart Mill
D. Eli Heckscher and Beril Ohlin
7
The risk free rate of interest would not be affected by.
A. Changes in real output
B. Change in the money supply
C. Term to maturity
D. None of the above
8
Which of the following causes M1 demand to decrease.
A. A fall in the tax rate
B. An increase in income
C. A fall in the interest rate
D. An increase in the use of credit cards
9
According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.
A. Abundant
B. Scarce
C. Neither
D. Can't tell without more information
10
For commodities, X and Y, the possibilities are X is preferred to Y , Y is preferred to X or X and Y are equally preferred, In indifference curve analysis, this is known as the.
A. Comparability assumption
B. Transitivity assumption
C. Non seriation assumption
D. Reflexivity assumption
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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