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.
While resources and products flow in one direction of the circular flow model what flow the other direction.
Question # 2
Social science Research
Question # 3
The first level of output at which the long run average costs are minimized is called.
Question # 4
"The impact on this monetary aggregate of extensive finance innovation -the changes in the kinds of deposits and services offered by banks led the central bank to drop M1 as a n intermediate target with the changes in the way the public was holding payments balances the M1 aggregate no longer that the same reliable link to.
Question # 5
If export's are a constant proportion of GNP such that E = 18 GNP, find the level of imports that would represent a zero trade balance when GNP = 10,000
Question # 6
If a country has a linear production possibilities frontier then production is said to be subject to.
Question # 7
The long run aggregate supply curve
Question # 8
The risk free rate of interest would not be affected by.
Question # 9
A firm's total revenue is Rs. 4,500 when it sells 15 pairs of boots compared to Rs. 4,480 when it sells 14 pairs,. The marginal revenue of the 15th pair of boots is.
Question # 10
All of the following are fundamental to the world trade organization except.
Question # 11
The index used most often to measure inflation is the
Question # 12
The economist who spend twenty years cautiously trying out his ideas on his students before finally presenting them to the world near the close of the 19th contrary was.
Question # 13
All of the following are debit items in the balance of payment eexcept.
Question # 14
In the Harrod - Domar equation g = s/v , v is defined as.
Question # 15
A nation with a current account deficit will be
Question # 16
A tariff can________ raise a country's welfare.
Question # 17
According to the factor endowment model of Hackshcer and Ohlin countries heavily endowed with land will.
Question # 18
Head quarter of general Agreement on Tariffs and trade is located in.
Question # 19
The equation for the LM curve is.
Question # 20
Secondary activities
Question # 21
Which does the government not control directly.
Question # 22
Which of the following taxes is regressive.
Question # 23
Which of the following would qualify as an aggregate demand shocks.
Question # 24
The marginal Revenue product is.
Question # 25
Which of the following can the government not use directly to control the economy.
Question # 26
Which among the following is a material for statics.
Question # 27
All currencies other than the domestic currency of a given country are referred to as.
Question # 28
The opportunity cost of holding currency decreases when.
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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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
In a matrix , if there is only one row but any number of columns, it is called.
A. Row matrix
B. Column matrix
C. Raw vector
D. Both a and c
2
Increases in minimum wage
A. Helps in controlling unemploymentr
B. Increases unemploymentr
C. Reduce wage bill
D. None of these
3
A model in which individual producers act as price setters because there are only a few sellers and the product they sell is not standardized, is called.
A. Imperfect competition
B. Perfect competition
C. Monopoly
D. Monopsony
4
If in market the seller is changing different prices for the same commodity from different consumers it is known as.
A. Price discrimination
B. efficient selling
C. Profit maxi miser in Monopoly
D. all of these
5
A fall in interest rates is likely to
A. Increase aggregate demand
B. Increase savings
C. Decrease consumption
D. Decrease exports
6
There are three fundamental questions every society must answer Which of the following is one of these questions.
A. What goods and services are to be produced.
B. How are the good and services to be produced.
C. Who will get the goods and services what are produced.
D. All of the above
7
Deep ecology places emphasis upon
A. Life
B. Man
C. Environment
D. Relationship
8
An increase in money demand other thing equal shifts the ____ curve to the___
A. IS ; right
B. IS ; Left
C. LM ; Left
D. LM ; right
9
To avoid double counting when the GNP is estimated, economists
A. Price all goods and services bought and sold in all markets
B. Use the GNP deflator
C. Price only intermediate goods
D. Calculate value added at each stage of production.
10
If a firm which polluted the water of area had to pay all social cost would have
A. Small output
B. Large output
C. Heavy output
D. B and C
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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