PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

Here is List Of Chapter Wise Tests

Ch. #	Test Name	MCQs Available	PDF File	Launch Test
1	PPSC Economics Topic 1 Basic Economics	302	Download PDF	Launch Test
2	PPSC Economics Topic 2 Micro Economics	284	Download PDF	Launch Test
3	PPSC Economics Topic 3 Macro Economics	339	Download PDF	Launch Test
4	PPSC Economics Topic 4 Monetary & Fiscal Policy	264	Download PDF	Launch Test
5	PPSC Economics Topic 5 International Economics	153	Download PDF	Launch Test
6	PPSC Economics Topic 6 Economics Model	30	Download PDF	Launch Test
7	PPSC Economics Topic 7 Islamic Economics	28	Download PDF	Launch Test
8	PPSC Economics Topic 8 Development Economics	55	Download PDF	Launch Test
9	PPSC Economics Topic 9 Pakistan Economics	144	Download PDF	Launch Test
10	PPSC Economics Topic 10 Public Finance	190	Download PDF	Launch Test
11	PPSC Economics Topic 11 Assess Your Basics	201	Download PDF	Launch Test
12	PPSC Economics Topic 12 Statistics In Economics	76	Download PDF	Launch Test
13	PPSC Economics Topic 13 Mathematics in Economics	94	Download PDF	Launch Test
14	PPSC Economics Topic 14 History Of Economics Thought	26	Download PDF	Launch Test
15	PPSC Economics Topic 15 Philosophy of Economics	38	Download PDF	Launch Test
16	PPSC Economics Topic 16 Research Methods for Economist	90	Download PDF	Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

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Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
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Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
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Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
A

Abdullah innocent 05 - Apr - 2023 08 Min 22 Sec 19/30
A

azizbarawal@gmail.com 31 - Jan - 2023 13 Min 31 Sec 18/30
S

Shad Ali Shah 08 - May - 2024 14 Min 06 Sec 18/30
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G Ali 11 - Oct - 2023 16 Min 36 Sec 17/30
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muhammad irfanatta 28 - May - 2024 03 Min 55 Sec 16/30
M

Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
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Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
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Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
H

Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
A

Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
A

Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
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Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

PPSC Economics Important MCQ's

Sr.#	Question	Answer
1	The free market involves	A. The free provision of products B. The subsidizing of products by the government C. Market forces of supply and demand D. All trade via barter
2	Disposable income is obtained by subtracting ________ taxes from personal income	A. Indirect taxes B. Direct taxes C. Subsidies D. None
3	Increase un employment benefits and less incentive to work would.	A. Shift aggregate supply to the right B. Shift aggregate supply to the left C. Shift aggregate demand to the right D. Shift aggregate demand to the left
4	Money must fulfill all of the following functions except.	A. Be a medium of exchange B. Be a store of value C. Be generally accepted as a means of purchasing commodities D. The above are all functions of money
5	When the demand curve is vertical its shows that the demand is.	A. Less elastic B. Very high elastic C. Elastic D. Perfectly inelastic
6	Personal inocme is obtained by adding which items to national income	A. Govt. transfer payments B. Business transfer payments C. Both a and b D. None of these
7	Top footballers land to earn more than lecturers because.	A. Footballers give more entertainment B. Lecturers are lazy C. The labour markets are imperfect D. Top footballers are relatively scarce in relation to lecturers
8	Which industrialization policy has developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation.	A. Export promotion B. Import substitution C. International commodity agreements D. Multilateral contrracts.
9	The aggregate demand curve shows the combinations of output and the price level that put the economy on.	A. The FE line and the IS curve B. The FE line The IS curve and the LM curve C. The IS curve D. The IS curve and the LM curve
10	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

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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PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

Economics Paper Pattern For PPSC

PPSC Economics Full Book MCQ Test

PPSC Economics Full Book MCQ Test

Net National product equals.

That the division of labor a limited by the size of the market best applies to which explanation of trade

If the prices of both goods increase by the same percent the budget line will

A specific tax on sellers will

The average total cost of a wedge increases from Rs. 0.79 ro Rs. 0.83 Evidently

A linear homogenous production function would reveal.

The best measure of economic developments is.

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

An expenditure increasing policy would consist of an increase in

In pure monopoly what is the relation between the price and teh marginal revenue.

To maximize sales revenue a firm should produce where

The monetary base is composed of.

The school of deep ecology was founded by

A mathematical statement setting two algebraic expressions equal to each other is called.

Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.

Which of the following assets is most liquid.

An Engel curve is based on which one of the following assumptions.

The purpose of making assumptions in economic model building is to.

Which of the following is an automatic stabilizer.

Say's law states that

According to the balances growth theory

What tow factors should you equate in deciding how many workers to employ.

If the price of automobiles were to increase substantially the demand curve for gasoline would most likely

Quota sampling is the combination of.

Fiscal policy is purposeful movements in _____designed to direct an economy

Dynamic gains from trad could result from

The fundamental reason people must choose which goods to buy and consume is because of.

If Supply and demand both decrease simultaneously. Which of the following will happen.

According to the cost based definition of dumping occurs when a firm sells a product abroad at a price that is less than

The index used most often to measure inflation is the

Topic Test

Here is List Of Chapter Wise Tests

Top Scorers of PPSC Economics Full Book MCQ Test

PPSC Economics Important MCQ's

MCQ's Tests For PPSC Economics Preparation

Test Questions

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