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 the theory of the firm profit maximization is always synonymous with.
Question # 2
Sales taxes are generally considered to be.
Question # 3
How much is contributed by agriculture sector to GDP of the country.
Question # 4
In 1950's subsidies given to.
Question # 5
If an economy is productively efficient.
Question # 6
In marketing "USP " Stand for
Question # 7
Which of the following is correct for the demand and supply schedules given above.
Question # 8
Suppose you are a monetarist and believe in the the monetarist rule which the monetary authorities appear to be following if the economy beings to experience a slight increase in the inflation rte you would recommend that the monetary autorities.
Question # 9
industrial growth rate projected to__ this year against 3.1 percent last year
Question # 10
We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.
Question # 11
Economic growth may depend upon __________ and_________
Question # 12
Which of the following does not represent a barrier to entry into a market.
Question # 13
Believers in the monetarist rule assert that
Question # 14
Compared to the case of perfect competition.
Question # 15
If a price increase of good A increases the quantity demanded of good B, then good B is a.
Question # 16
The multiplier that applies to changes in autonomous investment is identical to changes in.
Question # 17
Who advocates laissez fair.
Question # 18
One of money's primary roles in the economy comes from the use of money to transfer purchasing power to the future This role of money is called.
Question # 19
Investment depend mainly on.
Question # 20
A profit maximizing monopolist in two separate markets will
Question # 21
Which of the following assets is most liquid.
Question # 22
All of the following are recognized as arms of agricultural price program except.
Question # 23
International trade in goods and services is sometimes used as a substitute for all of the following except.
Question # 24
Which of the following is a policy instrument .as opposed to a government objective.
Question # 25
Market some times fall to exist because of.
Question # 26
Which of the following taxes is regressive.
Question # 27
Given the demand function qo = -8p +2000 and tis inverse p = -1/8 qo + 250 ,p in the inverse function which is interpreted as the maximum price that buyers are willing to pay for the.
Question # 28
It essentially states that there is no relation between the variables of the problem.
Question # 29
Commercial banks
Question # 30
A decrease iin money demand other thing equal shifts the _____ curve to the
Usman Shahinshah06 - Jun - 2024
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Noor Ulain07 - Feb - 2023
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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Munawer Ali15 - Feb - 2023
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Full- employment output is the level of output that firms in the economy supply when
A. Taxes are zero
B. Wages and prices have fully adjusted
C. The unemployment rate in zero
D. All capital is fully utilized
2
The current account includes
A. The value of trade in merchandise
B. Services
C. Unilateral transfers
D. All of the above
3
Developing economies usually
A. Have large industrialized sectors
B. Are dependent on primary products
C. Have high levels of wealth
D. Earn more from exports than is spent on imports
4
The sacrifice involved when you choose a particular course of action is called the
A. Alterative
B. Opportunity cost
C. Consumer cost
D. Producer cost
5
In 1950's special imporant was given to
A. Industrial sector
B. Services sector
C. Imports sector
D. Agricultural sector
6
Which of the following part of M1
A. Stock negotiating accounts
B. Automatic transfer system accounts
C. Negotiable orders of withdrawal accounts
D. Demand deposits of mutual saving banks.
7
When the level of income _______ there will be atendency for the trade balance to improve as imports.
A. Increases, increase
B. falls, fall
C. Increase, fall
D. fall , increase
8
The earliest statement of the principle of comparative advantage in associated with
A. Adam Smith
B. David Ricardo
C. E . Heckscher
D. Bertil Ohlin
9
What did economist Adam Smith identity as the "invisible hand" that directs the decision making of firms and households in a market economy.
A. Government
B. Product demand
C. Self interest
D. International trade
10
The term household production refers to
A. Output produced by forcing children to work
B. Output produced by workers who are telecommuting
C. Services provided directly to households such as lawn mowing by landscape companies.
D. Output produced at home
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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