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.
Suppose the intersection of the IS and LM curves is to the left of the FE line A decrease in the price level would most likely. eliminate a disequilibrium among the asset labor and goods markets by.
Question # 2
Through the world government tend o auction quota license to their highest bidder.
Question # 3
The human centered ethics puts value up on
Question # 4
The very word statistics refers to.
Question # 5
Comparing a monopoly and a competitive firm the monopolist will.
Question # 6
Which crops are sown in Rabi Seasons.
Question # 7
In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators
Question # 8
Actual equilibrium is Rs. 1,500 billion and full employment is Rs. 2,500 MPC = 0.75 taxes are zero , and prices are adjustable To eliminate the observed deflationary gap , the government should.
Question # 9
"Zakat" is a charity on.
Question # 10
Nominal GNP measures income
Question # 11
Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.
Question # 12
According to the efficiency wage model during a recession firms will not reduce real wages because.
Question # 13
The intersection of the IS and LM curves captures.
Question # 14
Tariff levels in advanced countries tend to be ___ tariff levels in developing countries.
Question # 15
In autarky equilibrium.
Question # 16
Given the Is -LM construction of the figure above an unexpected increase in the price level, in the absence of any policy adjustment will.
Question # 17
If the nominal money supply doubles while real money demand is unchanged what happens to the price level.
Question # 18
Extremality's arise because there is a divergence between ____ and _
Question # 19
Real business cycle theorists think that most business cycle fluctuations are caused by shocks to.
Question # 20
An increase in autonomous consumer expenditure causes the equilibrium levelof aggregate output to _______ at any given interest rate and shifts the ____ curve to the
Question # 21
If the price elasticity of demand for a non giffen good is inelastic are decreased in its price result in.
Question # 22
A tax of 18 cents per unit of imported cheese would be an example of a.
Question # 23
If the income elasticity of demand is +4
Question # 24
Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
Question # 25
Quota sampling is the combination of.
Question # 26
Cross -elasticity following commodities is very high
Question # 27
"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.
Question # 28
"Economics is a science " the basis of this statement is.
Question # 29
As long as the principle of diminishing marginal utility is operating any increased consumption of good.
Question # 30
Which of the following is not a macro economic issue.
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
Objectivity, generality, systematic and quality are the characteristics of.
A. Case study
B. Projective technique
C. Narrative method
D. Content analysis
2
Pakistan is the _________ largest Cotton Producer country in the world
A. Fourth
B. Fifth
C. Eight
D. Sixth
3
If there is a price floor there will be.
A. Shortages
B. Surpluses
C. Equilibrium
D. All of these
4
The world trade organization is sometimes criticized for all of the following reasons except.
A. If reduces the sovereignty of member countries.
B. Favors free trade over the quality of the environment
C. It has no way to solve trade disputes among member countries.
D. It is a "puppet" of multinational corporations
5
If two firms doing the same thing in the same industry join together this is known as a.
A. vertical merger
B. Horizontal merger
C. Conglomerate merger
D. Hostile takeover
6
In the calculation of gross domestic product net exports are.
A. The sum of merchandise trade and services
B. The current account plus long term capital
C. The value of merchandise exports minus imports
D. Short term capital plus the basic balance
7
O kun's Law states that for each percentage point by which the unemployment rate is above the natural rate real GNP is 3% below potential GNP, if real GNP is Rs. 3,800 billion with the actual level of unemployment at 6.05 and the natural rate of unemployment at 4.5% then according to Okun's law the GNP gap is.
A. 171 billion
B. 684 billion
C. 114 billion
D. 228 billion
8
Islam is against
A. Miseries
B. Luxurious spending
C. a and b
D. None of these
9
The renowned economist and Islamic scholar who applied principles of politics economics was.
A. Imam Abu Haneefa
B. ibn e Khaldun
C. Imam Abu Yousaf
D. Abu Qasim
10
Small size of market is the primary cause of under development according to.
A. Balance growth theory
B. Unbalance growth theory.
C. Big push theory
D. Dualistic theories
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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