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.
Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.
Question # 2
Major drawback to research ears in Pakistan is
Question # 3
An equation in which all variables are raised to the first power is known as.
Question # 4
Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.
Question # 5
The difference between gross investment and net investment is.
Question # 6
In the circular flow we would expect leakages to __________ injections.
Question # 7
A widely used indicator to differentiate developed countries from developing countries.
Question # 8
An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.
Question # 9
Revealed preference theory was presented by.
Question # 10
When supply increases in an agricultural market famer's earnings might fall because.
Question # 11
The key issues of macroeconomics are
Question # 12
_____________ represent the most widely used tool in international finance for measuring the average value of a currency relative to a number of other currencies
Question # 13
An increase in price all other, things unchanged leads to.
Question # 14
The short run impact of unanticipated expansionary monetary policy is that.
Question # 15
A dominant strategy is.
Question # 16
Which of the following will not be a determinant of the price elasticity of demand for a commodity.
Question # 17
To help developing nations strengthen their international competitive rises many industrial nations have granted non nations udder the .
Question # 18
Relation between two numbers or variables are called.
Question # 19
In the long term a firm will produce provident the revenue covers.
Question # 20
In monopoly when abnormal profits are made.
Question # 21
In the classical model of Ricardo the direction of trade is determined by
Question # 22
The first level of output at which the long run average costs are minimized is called.
Question # 23
A tariff that probibits imports ahs only
Question # 24
Through the world government tend o auction quota license to their highest bidder.
Question # 25
Agricultural Development Finance Corporation was created in _____ under a central Act for the purpose of expanding financial facilities and promoting the development and modernization of agriculture in Pakistan.
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
The MPS = 0.4 and government spending increases by 20 billion. The LM curve
A. Shifts to the right by 20 billion
B. Shifts to the right by 50 billion
C. Does not shift
D. shifts to the left by 30 billion
2
If the price of an apple increases.
A. Its opportunity cost decreases
B. Its opportunity cost increases
C. The substitution effect does not occur
D. The income effect does not occur
3
Which of the following causes M1 demand to decrease.
A. A fall in the tax rate
B. An increase in income
C. A fall in the interest rate
D. An increase in the use of credit cards
4
Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
A. Deficit
B. Surplus
C. Revaluation
D. Devaluation
5
The hypothesis would the tested with
A. A two tailed test
B. A one tailed test with the rejection region in the left tail
C. a one tailed test with the rejection region on the right tail
D. The normal distiribution
6
The view which allows only use value ot nature is known as.
A. Deep ecology
B. Shallow ecology
C. Life ecology
D. None of these
7
The asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.
8
Full- employment output is the level of output that firms in the economy supply when
A. Taxes are zero
B. Wages and prices have fully adjusted
C. The unemployment rate in zero
D. All capital is fully utilized
9
The comparative advantage model of Ricardo was based on.
A. Interindustry specialization and trade
B. Interindustry specialization and trade
C. Demand conditions underlying specialization and trade
D. Income conditions underlying specialization and trade
10
When desired national saving equals desired national investment what market is in equilibrium.
A. The goods market
B. The money market
C. The foreign exchange market
D. The stock market
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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