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.
You are gold the level of savings in the economy is Rs.25 billion of equilibrium Using the consumption function C =20 + .9 Y, find equilibrium income .
Question # 2
A set containing only one element is termed as
Question # 3
The "balance of trade" is a record of.
Question # 4
Health of a country's economy is indicated by
Question # 5
During the last eight years the per capita income in Pakistan has been
Question # 6
Which crops are sown in Rabi Seasons.
Question # 7
An increase in national income is.
Question # 8
Keynes suggested that ________ income households consume a ____ proportion of their income than ____ income households.
Question # 9
Which of the following macro economic variables doesn't vary much ove the seasons.
Question # 10
A firm's total revenue is Rs. 4,500 when it sells 15 pairs of boots compared to Rs. 4,480 when it sells 14 pairs,. The marginal revenue of the 15th pair of boots is.
Question # 11
For a Muslim living within the code of Islam primary source for the the solution of economic problems is.
Question # 12
Why would corporations want to achieve zero balances in their checking accounts.
Question # 13
Who among the following is a proponent of bio centrism
Question # 14
In monopsony there is
Question # 15
The law of diminishing marginal returns to a factor of production is.
Question # 16
A decline expected future output would cause the IS curve to.
Question # 17
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward.
Question # 18
Which of the following NOT a source of economic growth.
Question # 19
A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.
Question # 20
If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP
Question # 21
Which of the following is necessary for a natural monopoly.
Question # 22
Economics assumes that people consume goods and services to achieve.
Question # 23
If both Marginal cost and marginal revenue increase, a firm.
Question # 24
The determinant of quadratic form is called.
Question # 25
Labour productivity measures.
Question # 26
A firm that breaks even after all economic costs are paid is earning.
Question # 27
Which of the following changes shifts the AD curve up and to the right.
Question # 28
The ratio of the change in the equilibrium level of income to a change in some automats increase in spending is the
Question # 29
The term of trade is given by the process.
Question # 30
An increase in aggregate demand if aggregate supply is totally inelastic will.
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
Economics
Important MCQ's
Sr.#
Question
Answer
1
Research design indicate a plan of action to be carried out in connection with a proposed.
A. Research proposal
B. Research methodology
C. Research abstract
D. Research work
2
Tax collection estimate for year 2012-13 is Rs. _______ billion
A. 3,234
B. 3150
C. 3.064
D. None of the above
3
Equilibrium in the money markets can be expressed by the equation i = 9k/h) Y -M/h. The slope of LM decrease when
A. k increases and h increase
B. k increases and h decrease
C. k decrease and h increase
D. k decrease and h decrease
4
In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
5
Money is
A. An indicator of the scarcity of wants
B. Anything that sellers accept i exchange for goods and services.
C. A form of barter
D. Anything that the government classifies as a trade commodity.
6
A shift in tastes loward foreign goods______ net exports and causes the quantity of aggregate output demanded to.
A. decreases ; rise
B. decreases ; fall
C. increases ; rise
D. increases ; fall
7
The econometric problem of errors in variables leads to
A. Ballasted estimates of regression coefficients.
B. Autocorrelation
C. Unbiased estimates of regression coefficients but non minimum variance of estimated coefficients.
D. None of the above
8
Which characteristic of the following is not belonging to statistics as a method.
A. A tool of analysis
B. Helps processing the raw
C. Descriptive nature
D. Processing done by systematic analysis and interpretation
9
The same graph shows that the firm order to maximize profits , should produce.
A. 30 units charges a price of Rs. 16
B. 20 Units and charge a price of Rs. 22
C. 35 Units and charge a price of Rs. 12
D. 38 units and charge a price or Rs. 10
10
You know that all taxes are distortionary under what conditions will this knowledge lead you to appose the imposition of every single tax in the economy.
A. If you live in a 1st best world.
B. If you live in a 2nd best world
C. If the tax rates on some of the items are prohibitively high
D. Either 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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