PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

PPSC Economics Full Book MCQ Test

Try The PPSC Economics Full Book MCQ Test

  • Total Questions30

  • Time Allowed30

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PPSC Economics Full Book MCQ Test

00:00
Question # 1

In which of the following situations will an increase in the money supply have no effect upon equilibrium income.

Question # 2

Which of the following will not result in an increase in the level of income.

Question # 3

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 4

The price of Ketchup at a market increases by 12.5% per can, which results in a decrease in quantity purchased by 40% per week, the demand is.

Question # 5

The average total cost of a wedge increases from Rs. 0.79 ro Rs. 0.83 Evidently

Question # 6

Given the above demand and supply equations for widgets, the equilibrium price and quantity is.

Question # 7

In the long run in perfect competition

Question # 8

Economic growth may depend upon __________ and_________

Question # 9

If two firms doing the same thing in the same industry join together this is known as a.

Question # 10

change in quantity demanded

Question # 11

Depreciation is.

Question # 12

In a free market

Question # 13

The Eco is a word derived from

Question # 14

The length of a business cycle would be measured from

Question # 15

Deep ecology places emphasis upon

Question # 16

International trade is based on the idea that.

Question # 17

Companies in the private sector are owned by

Question # 18

Which of the following is a NOT component of M-2.

Question # 19

An increase in aggregate demand is more likely to lead to demand pull inflation if.

Question # 20

What lies is at the heart of the allocation of goods and services in a free market economy.

Question # 21

Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.

Question # 22

Transit Trade Agreement between Pakistan and Afghanistan ws signed at Kabul on.

Question # 23

The "compensated" demand curve is the demand curve that.

Question # 24

Ad valorem tariffs are collected as

Question # 25

Economics is the study of

Question # 26

Non proportional random sampling is a sub type of.

Question # 27

The asset market approach is most helpful in explaining.

Question # 28

A 15% VAT is a.

Question # 29

A rise in the exchange rate value of the rupee will most likely cause.

Question # 30

If a country has a bowed out production possibility frontier then production is said to be subject to.

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 PPSC Economics Topic 1 Basic Economics 302 Download PDF Launch Test
2 PPSC Economics Topic 2 Micro Economics 284 Download PDF Launch Test
3 PPSC Economics Topic 3 Macro Economics 339 Download PDF Launch Test
4 PPSC Economics Topic 4 Monetary & Fiscal Policy 264 Download PDF Launch Test
5 PPSC Economics Topic 5 International Economics 153 Download PDF Launch Test
6 PPSC Economics Topic 6 Economics Model 30 Download PDF Launch Test
7 PPSC Economics Topic 7 Islamic Economics 28 Download PDF Launch Test
8 PPSC Economics Topic 8 Development Economics 55 Download PDF Launch Test
9 PPSC Economics Topic 9 Pakistan Economics 144 Download PDF Launch Test
10 PPSC Economics Topic 10 Public Finance 190 Download PDF Launch Test
11 PPSC Economics Topic 11 Assess Your Basics 201 Download PDF Launch Test
12 PPSC Economics Topic 12 Statistics In Economics 76 Download PDF Launch Test
13 PPSC Economics Topic 13 Mathematics in Economics 94 Download PDF Launch Test
14 PPSC Economics Topic 14 History Of Economics Thought 26 Download PDF Launch Test
15 PPSC Economics Topic 15 Philosophy of Economics 38 Download PDF Launch Test
16 PPSC Economics Topic 16 Research Methods for Economist 90 Download PDF Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

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    Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
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    Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
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    Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
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    Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
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    Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
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    Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
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    Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
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    Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
  • H
    Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

PPSC Economics Important MCQ's

Sr.# Question Answer
1 Suppose the government provides a tax cut today that is matched by a tax increase in the future that's equal in present value to the tax cut This causes a consumer's saving to.
A. Decrease
B. Increase
C. Remain unchanged
D. Increase if the person was a lender and decrease if the person was a borrower
2 In the Keynesian model in the long run a decrease in the money supply will cause ___ in the interest rate and _____ in the price level.
A. An increase ; an increase
B. A decrease ; a decrees
C. No change ; an increase
D. No change ; a decrease
3 An increase in government spending causes the equilibrium level of aggregate output to_______ at any given interest rate and shifts the ____ curve to the
A. rise ; LM ; right
B. rise ; LM ;Left
C. fall ; IS ; Left
D. rise ; IS ;right
4 The concept of unbaled growth and balance growth are.
A. Unlimited value
B. Single value
C. Limited value
D. Short value
5 The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is.
A. Freely fluctuating exchange rates
B. Adjustable pegged exchange rates
C. Managed floating exchange rate.
D. Pegged or fixed exchange rates
6 The quantity theory of money allows monetarists to obtain a number of economics predictions by assuming a constant.
A. Velocity of money
B. Nominal output
C. Overall price level
D. Stock of money
7 A competitive firm produces a level of output at which.
A. Price is greater than marginal cost
B. Price equals marginal cost
C. Price is less than marginal cost
D. None of the above
8 the_____________ analysis considers the ability of domestic and foreign prices to adjust to devaluation in the short run.
A. Pass through
B. Absorption
C. Adjustment mechanism
D. currency contract period
9 Firms in monopolistic competition compete on
A. Price
B. Quality
C. Advertising
D. All of the above are correct
10 The short run impact of unanticipated expansionary monetary policy is that.
A. Real output decrease
B. Employment decreases
C. Real interest rates decrease
D. Profit margins decrease

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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