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.
In long run a reduction in labor supply would cause output to __ and the aggregate price level to.
Question # 2
Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.
Question # 3
Which of the following is an example of primary data.
Question # 4
A reduction in the money supply is likely to
Question # 5
Predicting is the one important role in
Question # 6
Which of the following is an injection into the economy.
Question # 7
Last week, Martha spend one day cleaning a house for this she was paid $50 The rest of the week, she spend looking for a job Martha would be callsified as.
Question # 8
In Kaldor model saving income ratio in the growth process is considered.
Question # 9
The ABC corporation.
Question # 10
In monopoly the firm can
Question # 11
Equilibrium price is a price at which
Question # 12
General agreement on Tariffs and Trade was established in.
Question # 13
An increase in the costs of production will
Question # 14
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 # 15
In the short run no firm operates with a loss unless
Question # 16
When the level of income _______ there will be atendency for the trade balance to improve as imports.
Question # 17
International trade forces domestic firms to become more completive in terms of.
Question # 18
The view which allows only use value ot nature is known as.
Question # 19
Life centered, ethics taken into account of action of.
Question # 20
A tariff -rate quota
Question # 21
In order to practice price discrimination which of the following is needed.
Question # 22
The price mechanism does not act as a
Question # 23
Disinflationary demand management policies.
Question # 24
Micro economics is conceded with
Question # 25
Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.
Question # 26
The prominent meaning of statistic
Question # 27
As the required reserve ratio is decreased the money multiplier.
Question # 28
The bowed shape of the production possibilities curve illustrates
Question # 29
A_______ is an example of a quota where foreigners hold quota licenses.
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 Class
Economics
Important MCQ's
Sr.#
Question
Answer
1
The gain from international trade are closely related to.
A. the labor theory of value
B. How much the autarky price differs from international terms of trade change.
C. The fact that a country must lose from trade
D. All of the above
2
Aggregate demand in an economy trading internationally with a government sector can be written s.
A. AD = C+1
B. AD = C + 1+ G
C. AD = C +1+G+X+Z
D. AD+C+1+G+X-Z
3
A profit maximizing firm in perfect competition produces where
A. Total revenue is maximized
B. Marginal revenue equals zero
C. Marginal revenue equals marginal cost
D. Marginal revenue equals average cost
4
The key difference between classical and Keynesian macro economist is their differing beliefs about.
A. The slope of the aggregate demand curve
B. The speed at which prices adjust
C. The natural rate of unemployment
D. The full employment level of output
5
"Deduction and induction are a part of system of resonating stated by
A. Caroline
B. P.V.Young
C. Dewey john
D. Emory
6
A mathematical statement setting two algebraic expressions equal to each other is called.
A. Equations
B. Hypothesis
C. Inequality
D. All of above
7
The point at which the graph cuts the x axis is called.
A. x- intercept
B. y - intercept
C. slope
D. None of these
8
A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost
9
Pakistan place in the world are wise on _______ number
A. 20th
B. 25th
C. 30th
D. 35th
10
Statistics are affected to a market extend by
A. Aggregate of facts
B. Multiplicity of causes
C. Numerically stated
D. Complex manifestations
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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