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.
Which one of the following would cause demand pull inflation.
Question # 2
The reason that only final sales are counted in GDP is
Question # 3
The ____ lag for fiscal policy is generally _____ than it is for monetary policy.
Question # 4
(A+B) + C =a +(B+C) This law of matrices is known as.
Question # 5
Economic planning by enteral government agencies is primarily associated with
Question # 6
The business cycle is not transmitted from one country to another through.
Question # 7
The Philips curve shows the trade off between ________ and _____
Question # 8
A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the.
Question # 9
If the price of automobiles were to increase substantially the demand curve for gasoline would most likely
Question # 10
The first step in formulating a problem is.
Question # 11
Land will be allocated between competing uses so that.
Question # 12
Which policies are expenditure changing policies.
Question # 13
If the fprice in a market is fixed by the government below equilibrium.
Question # 14
If the marginal revenue is positive
Question # 15
Sum of squares of the deviations about mean is.
Question # 16
Control is the essential ingredient of
Question # 17
The term focused group was coined by
Question # 18
If people are made unemployed because of a fall in aggregate demand this is known as.
Question # 19
For perfect competition ot work there must be
Question # 20
What explains Solow's surprise.
Question # 21
Which of the following taxes is regressive
Question # 22
The short term interest rates on bonds over the next 5 years is 6% , 7%, 9% ,10% and 8% according to the expectations Hypothesis, the interest rates on bonds with 5 years to maturity will be.
Question # 23
The Hecksher Ohlin theory explains comparative advantage as the result of difference in countries.
Question # 24
An increase in costs will
Question # 25
Who own the random number table which comprising of 15,000 digits arranged in twos.
Question # 26
Which of the following is a patriarchal value.
Question # 27
Which of the following best defines price discrimination.
Question # 28
Social science research is a systematic method o exploring, analyzing and extend, corrector or verify knowledge of human behavior and.
Question # 29
If both supply and demand for a good increase at the same time which of the following must also increase
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
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Shoaib khan11 - Oct - 2022
16 Min 49 Sec
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
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G Ali11 - Oct - 2023
16 Min 36 Sec
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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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
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
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
The law of inertia of large numbers means.
A. Opposite of the law od statistical regularity.
B. Same to the law of statistical Regularity
C. Sample in large numbers create big variations in results.
D. opposite to the mathematical theory of probability
2
International dumping may involve.
A. Selling goods to foreigners at a price below that charged domestic consumers
B. Selling goods to foreigners at a price below the cost of production
C. antidumping duties being levied on the imported dumped goods
D. All of the above
3
The world narrative derived from Latin verb
A. Quantitative research
B. Qualitative research
C. Descriptive research
D. Experimental
4
A monopolist who is charging high price operates on.
A. inelastic part of demand curve
B. Elastic demand of part curve
C. Ignore elasticity
D. More elastic demand of part curve
5
If the price is less than the average cost but higher than the average variable costs.
A. The firm is making a loss and will should own in the short term.
B. The firm is making a profit.
C. The firm is making a loss but will continue to produce in the short term
D. The firm is making a loss and is making a negative contribution to fixed costs
6
Which of the following will not be a determinant of the price elasticity of demand for a commodity.
A. The absence of substitute for the good.
B. The presence of substitutes for the good.
C. The importance of the commodity in consumers budgets
D. The cost of producing the commodity
7
When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
A. depreciates, appreciates
B. revalues, devalues
C. appreciates, deprecates
D. becomes more expensive, becomes cheaper
8
When the reserve requirement on checking deposits is 0.10 and the Federal Reserve purchases government securities values at Rs. 100,000, the MI money supply.
A. Is unchaged
B. Increase by Rs.100,000
C. Increases by Rs. 1,000,000
D. None of these
9
International specialization takes place because of.
A. Differences in technology
B. Differences in factor endowments
C. Scale economies
D. All of the above
10
Compared to the case of perfect competition, a monopolist is more likely to
A. Charge a higher price
B. Produce a lower quantity of the product
C. Make a greater amount of economic profit
D. All of the above
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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