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.
_________ are quotas that lead to a complete abolishment of trade.
Question # 2
If matrix A is of m x n dimension, then A will be
Question # 3
If input price adjusted very slowly to output prices, the Phillip's curve would be.
Question # 4
World environment Day is
Question # 5
For commodities, X and Y, the possibilities are X is preferred to Y , Y is preferred to X or X and Y are equally preferred, In indifference curve analysis, this is known as the.
Question # 6
The average total cost when 20 units of output are produced is
Question # 7
Rapid increases in the price level during periods of recession or high unemployment are known as.
Question # 8
Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.
Question # 9
If the price of both goods increase by the same percent , the budget line will.
Question # 10
A negatively sloped isoquant implies
Question # 11
It takes place with persons known to have been involved in particular concrete situations.
Question # 12
Which of the following is a characteristic of pure monopoly.
Question # 13
Along the long run supply curve all of the following can vary except.
Question # 14
Which of the following will cause a monetary induced change versus a fiscal induced change in equilibrium income as determined.by IS - LM analysis.
Question # 15
In substitution effect a consumer
Question # 16
The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as.
Question # 17
The economic logic behind granting central bank's independence from governmental the conduct of monetary policy is.
Question # 18
If the price of automobile were to decrease substantially the demand curve for automobiles would most likely.
Question # 19
A polynomial equation with degree two a called.
Question # 20
The asset market approach a more helpful in explaning.
Question # 21
The main monetary tool in Islamic economic system regarding circulation of wealth is zakat it is for.
Question # 22
If there is a price celling which of the following is NOT likely to occur.
Question # 23
The price of salsa rises, How does the increase in the price of salsa affect the supply of salsa.
Question # 24
As long as the principle of diminishing marginal utility is operating any increased consumption of good.
Question # 25
When goods are compliments the cross demand curve
Question # 26
Equilibrium price is a price at which
Question # 27
Which of the following is likely ot be longer for monetary policy that for fiscal policy.
Question # 28
Ineven A occurs the payoff will be Rs.5,670.00 . the probability of event A occurring is .87 What is the expected payoff of event A.
Question # 29
By definition, the marginal propensity to consumes.
Question # 30
All the UDCs of the world are homogeneous is broad sense and.
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
If a simultaneous and equal percentage decrease in the use of all physical inputs leads to a larger percentage decrease in physical output a firm's production function is said to exhibit.
A. Decreasing returns to scale
B.
Constant returns to scale
C. Increasing returns to scale
D. Diseconomies of scale
2
When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firm in the market we have
A. A cartel
B. The perfect competitive outcome
C. The Nash equilibrium
D. Monopolistic competiton
3
Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
4
With no government and foreign trade sectors savings always equals.
A. Intended investment
B. Realized investment
C. Botha a and b
D. None of these
5
John Stuart Mill was the founder of the
A. Theory of reciprocal demand
B. Theory of absolute advantage
C. Theory of comparative advantage
D. Theory of mercantilism
6
in monopolistic competition the firms desire to sell more output at the equilibrium because.
A. Price is more than marginal cost
B. Price is less than marginal cost
C. Price is less than average cost
D. Price more than average cost
7
Using the Keynesian model the effect of a government imposed celling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause._ in the real interest rate and _ in input out in the short sun.
A. A decrease ; a decrease
B. A decrease ; no change
C. A decrease ; an increase
D. An increase ; a decrease
8
Supply side policies are most appropriate to cure.
A. Involuntary unemployment
B. Cyclical unemployment
C. Voluntary unemployment
D. A fall in aggregate demand
9
How do the banks gain from this corporate behavior.
A. More loans can be made
B. Tax free profits can be made
C. Interest rates can be increased
D. By circumvent banking regulations
10
The natural rate of unemployment is generally thought of as the
A. Ratio of the frictional unemployment rate to the cyclical unemployment rate.
B. Sum of fictional unemployment and cyclical unemployment.
C. Sum of frictional unemployment and structural unemployment.
D. sum of structural unemployment and cyclical unemployment.
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.
Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
