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.
Moral Hazard means that the act of insuring __________ that the desired outcome will occur.
Question # 2
Output fell sharply in the transition economies because.
Question # 3
Ad valorem tariffs are collected as.
Question # 4
The risk free rate of interest would not be affected by.
Question # 5
Company X sells Rs.75 million dollars of 9.5% first mortgage bonds at par The company's marginal tax rate to 30% The after tax cost of debt is.
Question # 6
The appropriate expenditure switching policy to correct a balance of payments deficit is.
Question # 7
The theory of overlapping demands predicts that trade in manufactured goods is unimportant for countries with very different.
Question # 8
Normative economics form ______ based on.
Question # 9
According to classical models, the level of employment is determined primarily by
Question # 10
The income elasticity of demand
Question # 11
A straight line downward sloping demand curve implies that as price falls the elasticity of demand.
Question # 12
If GNP of Pakistan nees it wil encourage
Question # 13
Unfair competition does not include
Question # 14
A determinant composed of all the first order partial derivatives of a system of equations, arranged in ordered sequence is called.
Question # 15
What technical terminology do economists use to refer to how much the money will multiply as this process unfolds.
Question # 16
The Root Mean square Error for the actual sales and sales forecast for 1985 and 1986 is.
Question # 17
A temporary decline in productivity would cause the IS curve to.
Question # 18
Quotas are government imposed limits on the ________ of goods trade between countries.
Question # 19
Which school of economic thought suggested that one possible cause of inflation was a push from the cost side.
Question # 20
Snowball sampling is used for data collection through.
Question # 21
An entrepreneur who collects profits in the short run for a new invention is collecting.
Question # 22
It enables the researcher to acquaint himself with current knowledge in the field in which he is going to conduct his research.
Question # 23
The socially optimal rate of growth is
Question # 24
Which of the following is not an obvious or direct determinant of a country's imports.
Question # 25
World environment Day is
Question # 26
The Marginal cost of product W exhibiting positive externalities is McW = 25 + 5 Qs, the competitive price for each unit of W (Pw) is Rs. 175 and the positive externality is worth Rs. 100 to society for each unit produced. Society considers product W under produced by how many units.
Question # 27
The fundamental economic problem faced by all societies is.
Question # 28
Drawing conclusion from the data collected is called.
Question # 29
In the classical model of Ricardo the direction of trade is delemined by.
Question # 30
Quotas are government imposed limits on the ___ of goods trade between countries.
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
Consumers and firms are known as price takers only it
A. No market exists to determine the equilibrium price
B. they can set the market price
C. They cannot effect the market price
D. Excess demand exists
2
The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
3
Which of the following does not result in an increase in U.S. autonomous net exports.
A. The U.S. dollar depreciated
B. Major trading partners stimulate their economy
C. Foreign currencies depreciate
D. Foreign trading partners lift tariff barriers
4
If a firm triples all inputs and output triples as well the firm is subject to
A. Constant returns to scale
B. Increasing returns to scale
C. Economies of scale
D. Both b and c
5
One of the following is not a necessary characteristics of UDCs
A. Low saving ratio
B. Low capital formation
C. Disguised unemployment
D. Insufficient human resources.
6
A profit maximizing firm will hire labor until _______ equal the
A. Marginal revenue, marginal cost
B. Long run marginal revenue, long run marginal cost
C. Labour output ratio, capital output ratio
D. Marginal cost of labour, marginal revenue product
7
Sum of squares of the deviations about mean is.
A. Maximum
B. Minimum
C. zero
D. one
8
The commission's authoritative figures include a Chairman who is the_____ assisted by the deputy chairman and a science advisor.
A. Prime Minister
B. President
C. Chairman Senate
D. None of these
9
The school of deep ecology was founded by
A. J.S.Mill
B. Kant
C. Naes
D. Aristotle
10
Immediately after a through we would expect to have al
A. Peak
B. Recession
C. Recovery
D. Another trough
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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