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.
As the price of a good increases, the change in the quantity demanded can be shown by
Question # 2
Ahmed uses dummy variables in order to determine the monthly seasonal effect in her regression model. The number of dummy variables used will be.
Question # 3
The term household production refers to
Question # 4
Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
Question # 5
Plan for research is labeled as.
Question # 6
The exchange rate is kept the same across geographically separate markets by
Question # 7
The _____ analyzes the income distribution effects of trade in the short run when resources are immobile among industries.
Question # 8
Case studies are not use ful for
Question # 9
World Bank was established at the Briton wood conference in.
Question # 10
If nominal GNP were Rs.1000 ballooning 1976 and Rs.2200 billion in 1986, and the implicit GNP deflator was. 1.2 in 1976 and 1.6 in 1986 concluded that .
Question # 11
A movement along the supply curve may be caused by
Question # 12
In a Boom
Question # 13
The firm under monopolistic competition is likely to produce less and set a higher price than under perfect competition because.
Question # 14
The idea that the natural rate of unemployment rises when the acual rate of unemployment rise is known s.
Question # 15
"Principles of economics" is the book of
Question # 16
The primary function of a bank is to.
Question # 17
Inflation.
Question # 18
The retail price index is used to.
Question # 19
In the Keynesian corss diagram, and cline in autonomous consumer expenditure causes the aggregate demand function to shift down the equilibrium level of aggregate output to___________ and the IS curve to shift to the.
Question # 20
Which of the following statements abut the relationship between marginal cost and average cost is correct.
Question # 21
An increase in the costs of production will
Question # 22
On a graph a positive linear relation ship.
Question # 23
(A+B) = (B+A) this law of matrices is known as.
Question # 24
Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are.
Question # 25
The statement that marginal cost = marginal revenue leads to profit maximization of loss minimization is true.
Question # 26
In Islam absolute ownership of property lies only with.
Question # 27
Which of the following is NOT characteristics of underdeveloped nations.
Question # 28
According to Keynesian macro economics price adjust _____ to shocks, so the government should.
Question # 29
A monopoly there is
Question # 30
State monopoly was greatly imposed in the period of.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
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Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
19/30
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
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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
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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
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
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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
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Which of the following is an example of a normative statement.
A. Since this good is bad for you, you should not consume it.
B. this good is bad for you
C. If you consume this good you will get sick
D. People usually get sick after consuming this good
2
International trade in goods and services is sometimes used as a substitute for all of the following except.
A. International movements of capital
B. International movement of labor
C. International movement of technology
D. Domestics production of different goods and services
3
Pakistan is the _________ largest Cotton Producer country in the world
A. Fourth
B. Fifth
C. Eight
D. Sixth
4
A decrease in fully autonomous investment other things equal shifts the ______ curve to the
A. IS ; right
B. IS ; Left
C. LM ; Left
D. LM ; right
5
"The problem with monetarism is that its advocates have seen it as infallible over short periods of time and wish it to be rigid in its application over all periods of time "The advocates of monetarism wish it to the rigid in its application over all periods of time to.
A. Weaken fiscal policy
B. Avoid monetary policy errors
C. Strengthen the impact of monetary policy
D. Ensure the independence of the central bank
6
If the coefficient of price elasticity is less than one
A. It is normal good
B. It is inferior good
C. It is luxury good
D. All of these
7
Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.
A. The problem of autocorrelation
B. A type 1 error
C. The problem of multicollinear rarity.
D. a type II error
8
The long run Philips curve is _________ at the ______
A. Horizontal natural rate of inflation
B. Horizontal , natural rate of unemployment
C. Vertical , natural rte of inflation
D. Vertical , equilibrium rate of unemployment.
9
Money and income are.
A. Mirror image of each other
B. Two quite different concepts
C. Both measured as a per annum flow
D. Two ways of looking at the same thing.
10
Alfred Marshall formalized and then popularized the analytical technique known as
A. General equilibrium analysis
B. Felicific calculus
C. Partial equilibrium analysis
D. Differential equations
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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