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.
When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.
Question # 2
An increase in expected inflation is likely ot cause.
Question # 3
Friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but here should be a stable relationship between
Question # 4
Suppose taht an exise tax is imposed on the monopolist's product if the monopolist's marginal cost is horizontally the relevant range, which of the following statements must be true.
Question # 5
A firm that is a price taker faces a perfectly
Question # 6
A model in which individual producers act as price setters because there are only a few sellers and the product they sell is not standardized, is called.
Question # 7
What is the production level for public good W, if the government uses full cost pricing.
Question # 8
The tax is question 52 is
Question # 9
A good that is used as a medium of exchange as well as being a consumption good is called.
Question # 10
As the interest sensitivity of investment spending increase.
Question # 11
According to schumpater
Question # 12
It essentially states that there is no relation between the variables of the problem.
Question # 13
Fiscal policy is weak under floating exchange rates as fiscal expansion.
Question # 14
When the price of a pizza decreased from 1200 Rupees to 1000 Rupees, it is definitely the case that the.
Question # 15
The negative slope of the demand curve indicates that there is _______ relationship between the price and the quantity demanded.
Question # 16
In the case of an expansionary ___ policy the interest rate rise while in the case of an expansionary _______ policy the interest rate falls.
Question # 17
You know that all taxes are distortionary under what conditions will this knowledge lead you to appose the imposition of every single tax in the economy.
Question # 18
The variable that stands alone on the left hand side of the equation such as y = 2x + 1 is known as.
Question # 19
Firm in oligopoly are likely to.
Question # 20
Price elasticity at a given price is not affected by.
Question # 21
In a private sector model
Question # 22
Net taxes are.
Question # 23
The socially optimal rate of growth is
Question # 24
After a temporary beneficial supply shock hits the economy general equilibrium is restored by
Question # 25
A reduction in the money supply is likely to
Question # 26
__________ policies attempt to foster industrialization by establishing high barriers to import of foreign goods to promote local production.
Question # 27
The situation in which the imports are greater than exports is termed as.
Question # 28
If GNP = 1,000 billion and the money supply is 330 billion , then the velocity of money is.
Question # 29
If each element of a raw or column is a sum of two elements, the determinant can be expressed as the
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
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Shoaib khan11 - Oct - 2022
16 Min 49 Sec
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Noor Ulain07 - Feb - 2023
07 Min 21 Sec
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
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G Ali11 - Oct - 2023
16 Min 36 Sec
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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
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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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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
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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
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
In contract to perfectly competitive markets monopolists
A. Do no have to worry about market demand
B. Sell only if demand is inelastic
C. Can never incur an economic loss
D. Can earn an economic profit indefinitely
2
The elements in the Horizontal line in a matrix is called.
A. Columns
B. Rows
C. Elements
D. Diagonal
3
The institutional framework developed in 1974 to promote trade liberalization is known as.
A. WTO
B. GATT
C. IMF
D. World bank
4
If tastes are identical between countries then comparative advantage is determined by
A. Supply conditions only
B. Demand conditions only
C. Supply and demand conditions
D. Can't tell without more information.
5
As the economy nears full capacity the short run aggregate supply curve
A. Stagflation
B. Structural inflation
C. Demand side inflation
D. Supply side inflation
6
From of Agriculture in which famers move from place to place in search of better land is called.
A. Subsistence farming
B. Shifting cultivation
C. Shifting agriculture
D. All of these
7
If economics when we say that people are rational, we mean that they.
A. Never make mistakes
B. Try to get what they desire as best they can, given the limitations they face.
C. Logically figure out what to do
D. Behave in a random unpredictable manner
8
If there is a price celling, there will be.
A. Shortages
B. surpluses
C. Equilibrium
D. None of these
9
To move from point E to point E1 is consistent with.
A. Expectations of a constant price level
B. Adaptive expectations that have no adjustment for the period immediately following a change in the actual price
C. Rational expectations and NCM
D. A and B
10
The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.
A. Normal trade relation status.
B. Most favored nation status
C. Generalized system of Preferences.
D. Offshore assembly provisions
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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