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.
Find the revenue the government collects as a result of the tax
Question # 4
If a tax of Rs. 6 per units is imposed upon the suppliers, then.
Question # 5
Forced labor is one of the greatest injustice in the world according to.
Question # 6
It provides systematic knowledge on problem and issues analyzed.
Question # 7
Which of the following is not one of the four Ps in marketing.
Question # 8
A 15% VAT is a.
Question # 9
Which of the following statements is true about platykurtic curve as compared to normal curve.
Question # 10
Which school of economic thought suggested that one possible cause of inflation was a push from the cost side.
Question # 11
A matrix with all elements zero other than all the diagonals is called.
Question # 12
If there are 50 firms in a industry each selling 2% of the total sales the concentration ratio is.
Question # 13
What is the level of savings for disposable income = Rs.5,000 if dissaving's of 50 occur at a disposable income of Rs.0 and a marginal propensity to save equal to 0.257
Question # 14
In the short term a firm will produce provided the revenue
Question # 15
Compared to the case of perfect competition, a monopolist is more likely to
Question # 16
An increase in aggregate demand is more likely to lead to demand pull inflation if.
Question # 17
With a positive externality
Question # 18
in 1950s following sector was ignored
Question # 19
All the UDCs of the world are homogeneous is broad sense and.
Question # 20
An invention that speeds up the internet is an example of.
Question # 21
In contract to perfectly competitive markets monopolists
Question # 22
If two sets contains the same number of distinct elements but not the same elements are called.
Question # 23
If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.
Question # 24
The hypothesis that people know the true model of the economy and that they use this model and al available information to form their expectations of the future is the
Question # 25
Money and income are.
Question # 26
The epigram "time is money" expresses , in part, the concept of.
Question # 27
When total utility becomes maximum then marginal utility will be.
Question # 28
Indifference curve is alwyas.
Question # 29
The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
Question # 30
A decline in taxes __ consumer expenditure and shifts the _ curve shifts to the.
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
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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
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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
Lower interest rates are likely to.
A. Decrease consumption
B. Increase cost of borrowing
C. Encourage saving
D. Increase spending
2
If the State bank of Pakistan wished to pursue a light monetary policy it would.
A. Lower the required reserve ratio and the statutory liquidity ratio.
B. Lower interest rates
C. Buy government securities on the open market
D. Sell government securities on the open market
3
If the economy is in equilibrium at Rs. 180 billion and taxes are reduced by Rs.20 billion, find the new equilibrium given that this is a simple economy i.e. exogenous government spending tax collection and investment spending and a marginal propensity to consume of . .75
A. 60
B. 200
C. 250
D. 240
4
Keynes suggested that ________ income households consume a ____ proportion of their income than ____ income households.
A. Low ; smaller ; high
B. Low ; larger ; high
C. low ; smaller ; middle
D. High ; larger ; low
5
According to the supply side model a reduction in the tax rate.
A. Could reduce the size of any budget deficit
B. Would have no effect on output
C. Would have no effect on consumption
D. None of the above
6
The ratio of the change in the equilibrium level of income to a change in some automats increase in spending is the
A. Elasticity coefficient
B. Multiplier
C. Automatic stabilizer
D. Marginal propensity of the autonomous variable
7
A decrease iin money demand other thing equal shifts the _____ curve to the
A. IS ; right
B. Is ; Left
C. LM ; Left
D. LM ; Rfight
8
"Principles of economics" is the book of
A. Robbins
B. Adam smith
C. Hicks
D. Marshall
9
In the Keynesian cross diagram an increasing investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ______ and the equilibrium level of aggregate output to rise and the IS curve to shift to the
A. up ; right
B. up ; left
C. down ;left
D. down ; right
10
If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.
A. 1.3 %
B. 12%
C. 9%
D. 3%
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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