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.
If the "Regulated -market" price is below the equilibrium price.
Question # 3
The demand for labor will be more elastic if
Question # 4
Price equal to.
Question # 5
Similar to import tariffs import quotas tend to result in.
Question # 6
In the long run a profit maximizing firm will choose to exit a market when
Question # 7
Which of the following results in an increase in the value of the dollar.
Question # 8
The demand curve of unitary elastic commodity is.
Question # 9
A production function for a firm which produces a product with two or more inputs.
Question # 10
That the division of labor is limited by the size of the market best applies to which explanation of trade.
Question # 11
International trade in goods and services is sometimes used as a substitute for all of the following except.
Question # 12
Industries that are extremely sensitive to the business cycle are the.
Question # 13
When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
Question # 14
Real business cycle are cycles in
Question # 15
The public sector includes.
Question # 16
The multiplier that applies to changes in autonomous investment is identical to changes in.
Question # 17
Qara -e- Hasna is normally payable to.
Question # 18
A monopolist will discontinue production if
Question # 19
Which of the following explains why demand curves slope downward.
Question # 20
Which of the following is an economic activity.
Question # 21
Skills that can be transferred to other employers are called
Question # 22
In the short run an increase in export sales would cause output to ______ and the price level to.
Question # 23
If all the elements of a matrix of any order are zero, it is called.
Question # 24
In monopolistic competition firm sell
Question # 25
World Bank was established at the Briton wood conference in.
Question # 26
In Islamic economic system business is allowed in the field of.
Question # 27
Some goods are not closely related to each other and are neither substitutes nor complements for such goods the cross price elasticity of demand would be.
Question # 28
"Principles of economics" is the book of
Question # 29
If each element of a raw of column of a square matrix A is zero, then the value of the determinant. is.
Question # 30
In the labor market if the government imposes a minimum wage that is below the equilibrium wage then.
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Noor Ulain07 - Feb - 2023
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08 Min 22 Sec
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Shad Ali Shah08 - May - 2024
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
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13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Which of the following is necessary for a natural monopoly.
A. Economies of scale
B. A high proportion of the total cost is the cost of capital goods
C. The market is very small
D. All of the above
2
To basic objective of sampling study is.
A. To draw inference
B. To check units of population
C. To collect numerical data
D. To make census
3
A major advantage of monetary over fiscal policy is that monetary policty.
A. Can be put into effect more quickly
B. Affects all sectors of the economy equally
C. Authorities are quicker to see the need for policy
D. Has a more direct and predictable impact on spending.
4
Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
5
An increase in the marginal propensity to import.
A. Has the some effect upon the multipliers as an increase in the MPC
B. Has no effect upon the multipliers
C. Increases the value of the multipliers
D. Decreases the value of the multipllers
6
When the marginal physical product of labor is 800 - 2N , the price of goods is Rs. 2, and the cost of labor is Rs. 4 per unit, the quantity of labor employed is.
A. 20 Units
B. 800 Units
C. 399 Units
D. 80 units
7
In Islamic economic system following means of gaining wealth are permitted
A. smuggling
B. Hoarding
C. Gambling
D. None of these
8
When the economy goes into are cession there's an increase in.
A. Frictional unemployment
B. structural unemployment
C. Cyclical unemployment
D. Voluntary unemployment
9
The equation for the LM curve is.
A. Y = 100 -50 i
B. Y = 50 + 50 i
C. Y = 50 - 80 i
D. Y = 80 + 50 i
10
The arc elasticity formula is used to estimate elasticity when
A. The product is thought to be inelastic
B. The product is thought to be elastic
C. The demand function is known
D. There are two observations of price and quantity
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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