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.
The organization that currently establishes rules of conduct for firms engaging in international trade is the.
Question # 2
When the reserve requirement on checking deposits is 0.10 and the Federal Reserve purchases government securities values at Rs. 100,000, the MI money supply.
Question # 3
The first census in Pakistan was held in
Question # 4
The Lorenz curve is used to show relative in equality in the distribution of.
Question # 5
A set containing only one element is termed as
Question # 6
The productivity curve
Question # 7
The intersection of the IS and LM curves captures.
Question # 8
Depreciation is.
Question # 9
A decrease in the legal reserve ratio from 25% to 20% will
Question # 10
When considering any kind of economics indicator, prices are important because.
Question # 11
Effective branding will tend to make
Question # 12
The effect of the most favored nation clause is to
Question # 13
If two firms doing the same thing in the same industry join together this is known as a.
Question # 14
Which of the following changes shifts the AD curve down and to the left.
Question # 15
A determinant compose of all the second order partial derivatives, with the second order direct partials on the principal diagonal and the second order cross partials off the principal diagonal and which is used to second order condition of optimization is called.
Question # 16
Money and income are.
Question # 17
Free trade is based on the principle of
Question # 18
In a model in which there is no government new investment capital replacement or international trade the market value of final output equals.
Question # 19
When the economy goes into are cession there's an increase in.
Question # 20
A monopolist who is charging high price operates on.
Question # 21
In the long run a profit maximizing firm will choose to exit a market when
Question # 22
The market demand for a product is found by
Question # 23
In the short term a firm will produce provided the revenue
Question # 24
"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.
Question # 25
Over human interruption in nature will cause.
Question # 26
In the long run an increase in government purchases of military equipment would cause output to _________ and the aggregate price level to
Question # 27
In the short run firm in perfect competition will still produce provided.
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
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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
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
According to the supply side model a reduction in the tax rate.
A. Could reduce the size of any budget deficit
B. Would have no effect on output
C. Would have no effect on consumption
D. None of the above
2
The values are represented by identical symbol or pictures.
A. Bar charts
B. Pictograms
C. Circle charts
D. graphs
3
Firm in oligopoly are likely to.
A. Invest heavily in branding
B. Act independently of other firms
C. Try to differentiate its products
D. Try to be a price maker
4
When goods are compliments the cross demand curve
A. Upward to the right
B. Backward to bottom
C. Inwards to the right
D. Downwards to right
5
If the price of automobiles were to increase substantially the demand curve for gasoline would most likely
A. Shift leftward
B. Shift right ward
C. Become flatter
D. Become steeper
6
A Rs.10 increase in autonomous investment spending shifts IS
A. Rightward by Rs.10
B. Leftward Rs.10
C. Rightward by Ke (Rs.10)
D. Leftward by Ke (Rs.10)
7
The dynamic aggregate demand schedule shifts rightward when there is an increase in.
A. The expected rate of inflation ceteris paribus
B. The growth rate of the nominal money supply ceteris paribus
C. The income tax rate ceteris paribus
D. the current inflation rate celeries paribus
8
Less Developed countries lend to have
A. A high average age
B. A slow population growth rate
C. High life expectancy
D. A low literacy rate
9
Which of the following can the government not use directly to control the economy.
A. Pay rates within the privates sector
B. Pay rates in the public sector
C. Investment in education
D. Benefits available for the un employed and sick
10
What is the average money balance according to the square root rute if income is Rs.1500, each transaction cost is Rs.4, and the opportunity cost of holding money is.2%
A. 387
B. 50
C. 175
D. 203
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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