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.
Application of Modern technology to increase the yield is due to
Question # 2
First Islamic banking branch of NBP started its operations in Karachi onDecember 15
Question # 3
Tariff levels in advanced countries tend to be ___ tariff levels in developing countries.
Question # 4
a contractionary monetary policy
Question # 5
Floating exchange rates are __ in the short run
Question # 6
Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
Question # 7
A system of systematically interrelated concepts definitions and propositions that are advanced to explained and product phenomena.
Question # 8
An economy is in inflationary equilibrium A sustained increase in government appending shifts.
Question # 9
If the central Bank wished to Tighten money is would.
Question # 10
Those who argue in favor of import protection generally give the impression that such restricted trade will.
Question # 11
If for the output of worth 1 million the stock of capital worth 4 million is required this will be.
Question # 12
Which of the following is a characteristics of monopolistic competition.
Question # 13
The equation for the LM curve is.
Question # 14
Control is the essential ingredient of
Question # 15
An increases in the quantity of money supplied shifts the money supply curve to the _____and the LM curve to the
Question # 16
A Rs.10 increase in autonomous investment spending shifts IS
Question # 17
A negatively sloped isoquant implies
Question # 18
Given the demand function qo = -8p +2000 and tis inverse p = -1/8 qo + 250 ,p in the inverse function which is interpreted as the maximum price that buyers are willing to pay for the.
Question # 19
International trade is based on the idea that
Question # 20
A decrease in autonomous consumer expenditure causes the equilibrium level of aggregate output to __________ at any given interest rate and shifts the _______ curve to the __________
Question # 21
For a Muslim living within the code of Islam primary source for the the solution of economic problems is.
Question # 22
A 15% VAT is a.
Question # 23
World Bank was established at the Briton wood conference in.
Question # 24
An autonomous increase in the value of the domestic exchange rate.
Question # 25
If GNP = 1,000 billion and the money supply is 330 billion , then the velocity of money is.
Question # 26
In the UK under a _________ of the labour force belong to a trade union.
Question # 27
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.
Question # 28
An increase in the costs of production will
Question # 29
Negative taxation refers to.
Question # 30
If demand increase in a market this will usually lead to.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
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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
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
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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
If the quantity of money demands is less than the quantity of money supplied then the interest rate will.
A. Either increases or decrease, depending on the amount of excess demand.
B. Increase
C. Decrease
D. not change
2
____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.
A. Producer surplus
B. Deadweight surplus
C. Government surplus
D. Consumer surplus
3
If a country an imposes an import tariff its welfare can improve if
A. The country is a small country's than a larger country.
B. Its terms of trade improve enough
C. The tariff enhances the welfare of its trading partners
D. Its government's tax revenue increase because of the tariff
4
If GNP = 1,000 billion and the money supply is 330 billion , then the velocity of money is.
A. A value less than 1.4
B. 3.33
C. 1.48
D. 3.03
5
Which of the following taxes is regressive
A. The federal income tax
B. The state income tax
C. The sales tax
D. The Medicare tax
6
A drop in the price of compact disc shifts the demand curve for prerecord tapes leftward from that you know that compact discs and precorded tapes are.
A. Inferior goods
B. Substitutes
C. Complements
D. Normal goods
7
Short run is a time frame where a firm can change its.,
A. Total cost
B. Total production
C. Plant size
D. None of these
8
An increase in national income is.
A. Likely to increase exports
B. Likely to decrease savings
C. Likely to decrease investment
D. Likely to increase spending on imports
9
There are ______ methods of measuring GDP
A. Three
B. Four
C. Five
D. None
10
When the value of output exceeds planned spending .
A. There is unsold output, and the level of income will fall
B. there is unsold output and the level of income will rise
C. There is unsold output, and the level of income does not change.
D. All of the above
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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