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.
Everyone's absolute income doubles family A's APC, according to the simple Keynesian consumption function is expected to.
Question # 3
In the short run in the Keynesian model a sharp increase in oil prices would leave the economy with a ____ level of output and a ______ real interest rate.
Question # 4
In a less developed country.
Question # 5
The term that has no ecological perspective is.
Question # 6
Which of the following persons would be considered unemployed.
Question # 7
Which of the following is not an important variable in growth accounting calculations.
Question # 8
A set totality of elements from all possible sets is called.
Question # 9
When considering any kind of economics indicator, prices are important because.
Question # 10
The regression equation for consumption as a function of disposable income is C = -60 + 0.90Y .the standard error of Y is 30 and the standard error of estimate is 9.5 What is the 95% confidence interval for C when Y is Rs. 1000 billion.
Question # 11
The cliche that "the punishment should fit the crime" originated in the writing of.
Question # 12
Small nations whose trade and financial relationships are mainly with a single partner tend to utilize.
Question # 13
If personal income equals Rs.570 white personal income takes equal Rs.90 consumption is Rs.430. interest payments total Rs. 10 and personal saving is Rs. 40, disposable income equals.
Question # 14
What characteristic does statistics emphasizes, as a Method or as a singular noun.
Question # 15
The yield curve shows
Question # 16
The trade model of the Swedish economists Hackscher and Ohlin maintains that.
Question # 17
Should international transpiration costs decrease, the effect on international trade would include a.
Question # 18
Pure research also known as
Question # 19
Which one of the following would cause demand pull inflation.
Question # 20
The supply of foreign currency tends to be
Question # 21
The break even level of income where C = Y is
Question # 22
In the ISLM frame work an expansionary fiscal policy causes aggregate output to _________ and the interest rate to.
Question # 23
If the Bank of Pakistan wished to pursue an expansionary monetary policy it would.
Question # 24
The determinant of a matrix and that of its transpose are
Question # 25
An increase in the number of workers hired by a firm could result from
Question # 26
A disadvantage of chain weighting is that
Question # 27
The main monetary tool in Islamic economic system regarding circulation of wealth is zakat it is for.
Question # 28
As the economy nears full capacity the short run aggregate supply curve
Question # 29
Which of the following is a possible government objective as opposed to a policy.
Question # 30
Which of the following is not one of the basic economic questions.
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
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
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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
Developing countries that concentrate production in agricultural products or raw materials may face a long run decline in their international terms of trade because of.
A. Inelastic demand for these products in advanced countries.
B. Large increase in the supplies of these products on world markets because of export expansion polices
C. sluggish demand for these products in advanced countries
D. All of the above
2
If the Bank of Pakistan wished to pursue a tight monetary policy is would.
A. Sell government securities on the open market.
B. Reduce the minimum reserve asset ratio
C. Buy government securities on the open market.
D. Lower interest rates
3
Which of the following is a function of money
A. Medium of exchange
B. Store of value
C. Unit of accounting
D. All of the above
4
The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.
A. Long run, short run
B. Flexible, imperfect markets
C.
Short term , long run
D. Ong run, imperfect market.
5
The Lorenz curve shows that
A. unemployment does not affect social group
B. People with low income spend more
C. People with low income spend less
D. the degree of income equality in the economy
6
The three main components of the aggregate demand aggregate supply model include.
A. AD, SRAS, LM
B. SRAS, LRAS, IS
C. AD, IS, LM
D. AD, SRAS, LRAS
7
in the keynesian model in the short run the amount of employment is determined by the effective labor demand curve and the level of.
A. Prices
B. Output
C. The real interest rate
D. The supply of labor
8
A public good
A. Is provided by the government
B. Is free
C. Has the properties of being non excludable and non diminishable
D. Has external costs
9
The yield curve shows
A. The yields on stocks of different maturities
B. The interest rates on bonds of different maturities.
C. The yields on stocks with differing default risk
D. The yields on bonds with differing default risk
10
If there is a price celling, there will be.
A. Shortages
B. surpluses
C. Equilibrium
D. None of these
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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