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.
National Bank of Pakistan is one of the largest commercial bank operating Pakistan it was established.
Question # 2
Keynes suggested that ________ income households consume a ____ proportion of their income than ____ income households.
Question # 3
An increase in the rate of inflation which is not accompanied by any change in the volume of consumer goods sold will automatically increase the.
Question # 4
Non tariff trade barriers could include all of the following except
Question # 5
In the long run an increase in government purchases of military equipment would cause output to _________ and the aggregate price level to
Question # 6
A profit maximizing firm will hire labor until _______ equal the
Question # 7
A square matrix a such that A2 = a is called.
Question # 8
If there are 50 firms in a industry each selling 2% of the total sales the concentration ratio is.
Question # 9
" A growing number of economists view the Fed's new willingness to take on more of the nation's debt as inflationary in the long run." This inflation worry is because.
Question # 10
In the ISLM frame work a contractionary fiscal policy causes aggregate output to ___________ and the interest rate to
Question # 11
When an increase in government spending is matched by an equal decrease in government transfers the income level will.
Question # 12
According to M.P Todaro model of ruler -urban migraton the migrationis assumed to be a.
Question # 13
Given fixed exchange rates assume Pakistan initiates contractionary monetary ad fiscal policies to combat inflation. these policies will also.
Question # 14
The view which allows only use value ot nature is known as.
Question # 15
According to the law of diminishing utility.
Question # 16
In the short run the competitive firm will produce if.
Question # 17
During periods of negative demand shocks deficit target reductions such as those mandated in the Gramm Rudman Hollings Act would tend to.
Question # 18
The associative law of union is
Question # 19
As the interest sensitivity of money demand increases
Question # 20
A_______ is an example of a quota where foreigners hold quota licenses.
Question # 21
A reduction in government spending causes the equilibrium level of aggregate output to ___________ at any given interest rate and shifts the ________ curve to the.
Question # 22
Economics is the study of
Question # 23
In long run equilibrium a monopolistically competitive firm will find.
Question # 24
An increase in interest rates.
Question # 25
When aggregate economic activity increasing the economy is said to be in.
Question # 26
The reduction of the inflation rate is called
Question # 27
MRSxy being 6 means
Question # 28
The negative effect on the economy that occurs when average tax rates increases because taxpayers have moved into higher income brackets during an expansion is.
Question # 29
The bowed shape of the production possibilities curve illustrtres.
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
Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by.
A. An fall in demand
B. An increase in supply
C. Improvements in production technology
D. An increase in demand
2
Economics is the science of Wealth who gave this definition.
A. J-x Mehta
B. Marshall
C. Adam Smith
D. Robbins
3
The rate of which central bank lends to commercial banks is known as
A. reserve rate
B. Discount rate
C. Open market operation
D. None
4
The open type of questionnaire calls for a free response in the respondent's
A. Own words
B. Observation
C. Facts
D. Data
5
Direct investment and security purchase are classified as.
A. Capital account transactions
B. Current account transactions
C. Unilateral transfer transactions
D. Merchandise trade transactions
6
A negative definite Hessian fulfills the second order conditions for.
A. Maximum
B. Minimum
C. both maximum and minimum
D. Mini max
7
Expansion in international trade is preferable over.
A. Foreign aid
B. Project assistance
C. Commodity assistance by foreign donors.
D. None of the above
8
Which of the following changes shifts the AD curve down and to the left.
A. A temporary increase in government purchases.
B. A rise in the nominal money supply
C. A decrease in corporate taxes
D. A decrease in consumer confidence
9
What happens to the money supply if the deficit is financed by selling bonds to the central bank.
A. The money supply increases
B. The money supply decreases
C. The money supply is unaffected
D. We cannot tell what will happen to the money supply
10
Which of the following would most likely shift the production possibilities curve for a nation outward.
A. A reduction in unemployment
B. An increases in the production of capital goods
C. A reduction in discrimination
D. An increase in the production of consumer goods
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)
Share your comments & questions here
No comments yet. Be the first to comment!