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.
A decrease in the quantity of money supplied shifts the money supply curve to the _____ and the LM curve to the
Question # 2
Economists tend to disagree primarily about.
Question # 3
It is appropriate to use the supply and demand model if in a market.
Question # 4
Real business cycle are cycles in
Question # 5
In the long run a profit maximizing monopoly produces an output volume that
Question # 6
in the keynesian model in the short run the amount of employment is determined by the effective labor demand curve and the level of.
Question # 7
a possible use in encomia's for the circle or the ellipse is to model.
Question # 8
The factor endowment theory was pioneered by
Question # 9
"A monetary rule need not mean a single baid number If the central bank fears velocity shifts rules could be adopted for adjusting the target in the face of a trends change in velocity "If velocity were trending upward the target money growth rate would be adjusted.
Question # 10
Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
Question # 11
Union of A and a null set is equal is.
Question # 12
Which of the following explains why demand curves slope downward.
Question # 13
If there is a price celling which of the following is NOT likely to occur.
Question # 14
Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase this increase in the price of the good results in.
Question # 15
Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.
Question # 16
A movement along the supply curve may be caused by
Question # 17
It is quantity that expresses a quantity in numbers to allow in numbers to allow more praise measurement.
Question # 18
If the international terms of trade settle at a level that is between each country's opportunity cost.
Question # 19
Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.
Question # 20
AB = BA = 1 , then B is said to
Question # 21
If the fprice in a market is fixed by the government below equilibrium.
Question # 22
A decrease in the effective tax rate on capital would cause the IS curve to.
Question # 23
Which of the following is not a macro economic issue.
Question # 24
An increase in investment is most likely to be caused by.
Question # 25
In the Keynesian cross diagram, an expenditure causes the aggregate demand function to shift _________ and the equilibrium level of aggregate output to.
Question # 26
Total factor productivity growth is that part of economic growth due to.
Question # 27
Supply is likely to be more price elastic.
Question # 28
What does the phrases "there is no such thing as a free lunch'mean"
Question # 29
The fundamental reason people must choose which goods to buy and consume is because of.
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
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G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
M
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
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
Union of A with B is same as union of B with A, that is AUB = BUA is termed as
A. Associative law of union
B. Cumulative law of union
C. Reflective law
D. All the above
2
In capitalistic economy price is determined by
A. Supply and production
B. Demand and production
C. Demand and consumption
D. Demand and supply
3
When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.
A. Rs. 100
B. Rs. 400
C. Rs.500
D. Rs.1000
4
in GDP 24% share comes from
A. Services sector
B. Import sector
C. industrial sector
D. Agriculture sector
5
A mixed economy
A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demant
D. Has market forces and government intervention
6
Under law of demand.
A. Price of commodity is an independent variable
B. Quantity demanded is a dependent variable
C. Reciprocal relationship is found between price and quantity demandded
D. All of the above
7
If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
8
Poor developing countries typically impose ______ tariffs than rich advanced nations on imports.
A. Lower
B. Higher
C. About the same height
D. None of the above
9
Which policies are expenditure changing policies.
A. Currency devaluation and revaluation
B. Import quotas and tariffs
C. Monetary and fiscal policy
D. Wage and price controls
10
Suppose there is full employment and a neoclassical aggregate supply schedule A 105 increases in the nominal money supply.
A. Has no effect upon the price level
B. Increase the rate of interest
C. Increase the nominal wage 10%
D. Increase the real money supply 10%
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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