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.
An important feature of a___ is that the holder has the right , but not the obligation, to buy or sell currency
Question # 2
Intermediate goods are meant for
Question # 3
The Eco is a word derived from
Question # 4
Firms are assumed to ____ costs and to _______ profit.
Question # 5
"Some economists criticized the central bank for not moving in the face of the waning recovery One who prefers anonymity stated the failure to move today leaves us with low inflation a weak economy and climbing jobless claims these are classic signs of an impending downturn The fed fiddles while the economy burns This economist would want to see.
Question # 6
If a monopoly is unable to cover its short run variable costs, if should.
Question # 7
Which is the most volatile component of aggregate demand.
Question # 8
If the expected inflation rate is unchanged a fall in the natural rate of unemployment would.
Question # 9
Which characteristic of the following is not belonging to statistics as a method.
Question # 10
Since 1960 the rage of economic growth in the country has been
Question # 11
When a person received an increase in wealth, what is likely to happen to consumption and saving.
Question # 12
Current account deficits are offset by
Question # 13
AB = BA = 1 , then B is said to
Question # 14
The balance of trade can only worsen if income_______ relative to absorption
Question # 15
Non tariff trade barriers could include all of the following except
Question # 16
W.W. Rostow considered that the economic development period consist of.
Question # 17
According to the balances growth theory
Question # 18
The economists who emphasized wage flexibility as a solution for unemployment were.
Question # 19
In closed economic model aggregate demand is not sensitive to.
Question # 20
Holding all other things constant a higher price for ski lift tickets would.
Question # 21
The fundamental reason people must choose which goods to buy and consume is because of.
Question # 22
Fiscal policy refers to.
Question # 23
An increase in money _______ shifts the LM curve to the _____ causing the interest rate to fall and output to rise
Question # 24
In the calculation of gross domestic product net exports are.
Question # 25
Short run equilibrium output means that aggregate demand _ actual output
Question # 26
In cartels.
Question # 27
A decrease in lump sum taxes is an examples of.
Question # 28
A nation experience external balance if it achieves.
Question # 29
The average total cost when 20 units of output are produced is
Question # 30
A Rs.10 increase in autonomous investment spending shifts is.
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
"The earlier predictions underestimated currency in circulation and treasury balances at the Fed, both of which drained reserves from the banking system" Lower reserves means.
A. Lower interest rates
B. Lower money supply
C. Lower unemployment
D. Higher inflation
2
Normal profit occurs when
A. Average revenue equals average variable cost
B. Marginal revenue equals marginal cost
C. Average revenue equals marginal cost
D. Average revenue equals average cost
3
Holding all other things constant a higher price for ski lift tickets would.
A. Increase the number of skiers
B. Increase the price of skis
C. Decrease the number of skis sold
D. Decrease the demand for other winter recreational activities
4
The central economic problem in an economy refers to.
A. The prevalence of unemployment
B. To allocate scarce resources between competing uses.
C. Consumers having less money than they would like
D. ensure that production costs are converted by sales revenue.
5
A decrease iin money demand other thing equal shifts the _____ curve to the
A. IS ; right
B. Is ; Left
C. LM ; Left
D. LM ; Rfight
6
All of the following are debit items in the balance of payment eexcept.
A. Capital outflows
B. merchandise exports
C. Private gifts to foreigners
D. Foreign and granted to other nations
7
Total utility of a commodity is measured by which price of that commodity.
A. Value in use.
B. Value in exchange
C. Both of above
D. None of above
8
Friend man's theory of consumption focuses on
A. Past income
B. Current income
C. Disposable income
D. Permanent income
9
When the demand curve is vertical its shows that the demand is.
A. Less elastic
B. Very high elastic
C. Elastic
D. Perfectly inelastic
10
Industries that are extremely sensitive to the business cycle are the.
A. Durable goods and service sectors
B. Nondurable goods and service sectors.
C. Capital goods and nondurable goods sectors.
D. Capital goods and durable goods sectors.
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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