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 of the following is an example of primary data.
Question # 2
The movement to free international trade is most likely to generate short term unemployment in which industries'.
Question # 3
Investment is an out stable element of aggregate demand because is depends heavily on.
Question # 4
Quality controlleers at the LMN corporation formulate the null hypothesis that the proportion of defective items in the production line is 10% they reject this hypothesis when they find 12 defective items in 100. If the defective rate is really 10% What type of error did they make.
Question # 5
In 1960s following policy was adopted regarding development
Question # 6
As long as the principle of diminishing marginal utility is operating any increased consumption of good.
Question # 7
Over human interruption in nature will cause.
Question # 8
Control is the essential ingredient of
Question # 9
Macro economics deals with
Question # 10
A change in the money supply has a greater effect upon equilibrium income.
Question # 11
The economist who spend twenty years cautiously trying out his ideas on his students before finally presenting them to the world near the close of the 19th contrary was.
Question # 12
Snowball sampling is used for data collection through.
Question # 13
It is a verbal method of searing data in the field surveys.
Question # 14
Forced labor is one of the greatest injustice in the world according to.
Question # 15
In the mid 1960's agricultural scientists developed high yielding varieties of.
Question # 16
The appropriate expenditure switching policy to correct a balance of payments deficit is.
Question # 17
Keynes suggested that ________ income households consume a ____ proportion of their income than ____ income households.
Question # 18
Occupational immobility of labour occurs if.
Question # 19
An increase in aggregate demand if aggregate supply is totally inelastic will.
Question # 20
The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.
Question # 21
A set containing only one element is termed as
Question # 22
Disposable income is equal to.
Question # 23
The profit per scale is a measure of.
Question # 24
In a "Lorenz curve diagram absolute equality in income distribution would appear as.
Question # 25
Can economic theories be tested.
Question # 26
Through the world government tend o auction quota license to their highest bidder.
Question # 27
The comparative advantage model of Ricardo was based on.
Question # 28
A temporary decrease in government purchases would cause.
Question # 29
Information collected by the researcher for the purposes of the project immediately
Question # 30
As a plural noun, who defined statistics very adequately and realistically
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
S
Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
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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
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
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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
A decrease iin money demand other thing equal shifts the _____ curve to the
A. IS ; right
B. Is ; Left
C. LM ; Left
D. LM ; Rfight
2
The most widely traded currency in the foreign exchange market is the.
A. Euro
B. Chinses yuan
C. British pound
D. U.S. Dollar
3
The equilibrium inflation rate is determine by the intersection of __________ and ___
A. demand, supply
B. IS , LM
C. AD, AS
D. Labour demand, labour supply
4
The fifth five year plan was an attempt to stabilize the economy and improve the standard to living of the poorest segment of the population from __________ to ____
A. 1975-80
B. 1980--85
C. 1978-83
D. None of the above
5
The main assumption of Kaldor model is that the economy operates at the level of .
A. Full employment
B. Above than full employment
C. Less than full emplyment
D. None of above
6
Skills that embodied in a person are called.
A. Human capital
B. Embodied skills
C. Physical capital
D. Experience skills
7
In the short run no firm operates with a loss unless
A. Variable cost equals fixed cost
B. Variable cost falls short of fixed cost
C. Total revenue covers variable costs
D. Total revenue covers fixed cost
8
Economic development can be achieve through stages, is the theory of.
A. Rosenstein Rodan
B. Leibstein
C. W.W. Rostow
D. M.P. Todaro
9
If the expected rate of inflation rose at the same time the natural rate of unemployment rose the Philips curve.
A. would shift down
B. would shift up
C. Would not move
D. Might shift up or down or not move depending on which effect was larger.
10
What lies is at the heart of the allocation of goods and services in a free market economy.
A. Concerns of equity or equal distribution among individuals.
B. The order or command of the ruling government or dictator
C. The wishes of consumers in the market
D. The price mechanism
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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