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.
Which kind economics deals with issues such as unemployment inflation, and economic growth.
Question # 2
If there is a price celling which of the following is NOT likely to occur.
Question # 3
A decline in planned investment spending unrelated to the interest rate focuses the equilibrium level of aggregate output to ________ and shifts the _ curve to the _______
Question # 4
In price discrimination, which section of the market is charged the higher price.
Question # 5
National Income account of Pakistan have registered GDP & GNP as.
Question # 6
Those who argue in favor of import protection generally give the impression that such restricted trade will.
Question # 7
The agricultural price support program is an example of.
Question # 8
According to the________ the export of the product that embodies large amounts of the relatively cheap, abundant resorce results in an increase in its price and income of the resource used intensively in the import competing product decrease as its demand falls.
Question # 9
A sudden shift from import tariffs to free trade may induce short term unemployment in.
Question # 10
Horizontal integration may lead to internal economics of scale. Which of the following is not a type of internal economy of scale.
Question # 11
Second step in problem formulation is
Question # 12
The accelerator assumes.
Question # 13
In 1960s following policy was adopted regarding development
Question # 14
If an increase in investment leads to a bigger increase in national income this is called the.
Question # 15
A _________ is a regional trading block in which member countries eliminate intercanal trade barriers but maintain existing barriers against countries that are not members.
Question # 16
An example of nondiscretionary fiscal policy would be.
Question # 17
In a recession a government.
Question # 18
A disadvantage of chain weighting is that
Question # 19
All the UDCs of the world are homogeneous is broad sense and.
Question # 20
A decrease in the legal reserve ratio from 25% to 20% will
Question # 21
At the intersection of AD and AS equilibrium is achieved in.
Question # 22
Under land reforms celling of land was set as 150 acres of Un irrigated land by
Question # 23
Which of the following is the most liquid.
Question # 24
In the neighborhood of the long run equilibrium of a monopolistically competitive firm average cost will be.
Question # 25
If the coefficient of price elasticity is less than one
Question # 26
The econometric problem of errors in variables leads to
Question # 27
Contextual analysis is a type of
Question # 28
A activates which do not promote human welfare cannot be encouraged.
Question # 29
Cash crops cover nearly ____________ of the cropped areas
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
The extra utility from consuming one more unit of a good is called.
A. Marginal utility
B. Additional utility
C. surplus utility
D. Bonus utility
2
Money or paper currency serves at least _______ functions.
A. Three
B. Four
C. Five
D. Seven
3
A competitive equilibrium is described by
A. A price only
B. A quantity only
C. The excess supply minus the exceess demand.
D. A price and a quantity
4
An increase income will
A. Lead to a movement along the demand curve
B. Shift the supply curve
C. Shift the demand curve
D. Lead to an extension of demand
5
Unfair competition does not include
A. Price cutting
B. predatory pricing
C. Cartels
D. Price fixing
6
Lower interest rates are likely to.
A. Decrease consumption
B. Increase cost of borrowing
C. Encourage saving
D. Increase spending
7
Which of the following events would lead to an increase in the marginal product lf labor for every equantity labor.
A. An increase in the real wage
B. A decrease in the real wage
C. A favorable supply shock such as a fall in the price of oil
D. an adverse supply shock such as a reduced supply of raw materials.
8
In the long run in perfect competitiion
A. the price equals the total revenue
B. Firm are allocatively inefficient
C. Firms are productively efficient
D. the price equals total cost
9
A profit maximizing monopolist in two separate markets will
A. Charge different price according to elasticity
B. Charged same price
C. Charged very high price
D. Charged very low price
10
in The Liquidity trap region
A. Fiscal policy is not effective
B. Monetary policy is completely ineffective
C. Monetary policy is completely effective
D. Fiscal policy and monetary policy are equally effective
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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