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.
Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
Question # 2
When IMF was established.
Question # 3
The ____ lag for fiscal policy is generally _____ than it is for monetary policy.
Question # 4
When the price of an inferior goods falls ceteris paribus the substitution effect leads to ________ in the quantity purchased and the income effect leads to _______ in the quantity purchased.
Question # 5
An oligopolistic industry can be characterized by all of the following except
Question # 6
All of the following are types of imperfect competition except
Question # 7
Classical economics believe that in the short run.
Question # 8
Which of the following is not a macro economic issue.
Question # 9
If the exchange rate is above the equilibrium level.
Question # 10
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 # 11
Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are.
Question # 12
The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.
Question # 13
In the neighborhood of the long run equilibrium of a monopolistically competitive firm average cost will be.
Question # 14
In the short run in the Keynesian model a sharp increase in oil prices would leave the economy with a ____ level of output and a ______ real interest rate.
Question # 15
If the price elasticity of demand for a non giffen good is inelastic are decreased in its price result in.
Question # 16
A shift in tastes toward Pakistan goods ______ net exports and causes the quantity of aggregate output demanded to______
Question # 17
If two firms doing the same thing in the same industry join together this is known as a.
Question # 18
Macro economics is the study of.
Question # 19
The resources in the economy do not include.
Question # 20
The opportunity cost of holding currency decreases when.
Question # 21
Which one of the following would cause demand pull inflation.
Question # 22
A negative definite Hessian fulfills the second order conditions for.
Question # 23
Menu costs in relation to inflation refer to
Question # 24
In the Keynesian cross diagram, an expenditure causes the aggregate demand function to shift _________ and the equilibrium level of aggregate output to.
Question # 25
Most tariffs have
Question # 26
If a monopolist faces a downward sloping market demand curve its.
Question # 27
Extensive subsistence agriculture is found in
Question # 28
The overall Budget Deficit is financed from
Question # 29
In order to maximize profits a monopoly company will produce that quantity at which the
Usman Shahinshah06 - Jun - 2024
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22/30
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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
15/30
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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
Developing countries that concentrate production in agricultural products or raw materials may face a long run decline in their international terms of trade because of.
A. Inelastic demand for these products in advanced countries.
B. Large increase in the supplies of these products on world markets because of export expansion polices
C. sluggish demand for these products in advanced countries
D. All of the above
2
If the international terms of trade settle at a level that is between each country's opportunity cost.
A. There is no basis for gainful trade for either country
B. Both countries gain from trade
C. Only one country gains from trade
D. One country gains and the other country loses from trade
3
According to solo growth model capital and labor are.
A. Not substitution of each other
B. Substation of each other
C. Substation in a way
D. All of these
4
Wassily Leontief used an input output table in order to test the.
A. Richardian theory of comparative advantage
B. Heckscher Ohlin theory of comparative advantage.
C. Linder theory of overlapping demand
D. All of the above
5
The "Law of demand" most directly means that consumers buy
A. More of a good the higher their incomes, ceteris paribus.
B. Less of good the higher its price ceteris paribus
C. Buy more of a good the less is its supply ceteris paribus
D. Buy less of a good the greater is its supply ceteris paribus
6
Major sector of the Pakistan economy in
A. Export sector
B. Industrial sector
C. Services sector
D. Agriculture sector
7
Time lags which often erode effectiveness of monetary and fiscal policy measures represent.
A. The change in export and import price.
B. Delays in the response of the economy to stabilization policy.
C. The foreign response to price changes
D. The change in exchang erates
8
The Lorenz curve is used to show relative in equality in the distribution of.
A. Wages
B. Income
C. Wealth
D. Profit
9
In the long run, an increase in productivity would cause output to _________ and the aggregate price level to
A. fall ; rise
B. fall ; fall
C. rise ; fall
D. rise ; rise
10
Which of the following would decrease aggregate demand.
A. Increased consumption
B. Increasing export revenue
C. Increased taxation revenue
D. Increased investment
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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