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.
If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely
Question # 2
If there is a financial panic and increased uncertainty about the return in the stock market and bond market what is the likely effect on money demand.
Question # 3
If a nation has an open economy it means that the nation.
Question # 4
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward.
Question # 5
The opportunity cost of a student is.
Question # 6
The term focused group was coined by
Question # 7
According to Nurkse a balance growth a ncessary to.
Question # 8
In the efficiency wage model with the efficiency wage above the market clearing wage when employment is at its full employment level.
Question # 9
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals.
Question # 10
In monopolistic competition, firms desire to sell more output at equilibrium because.
Question # 11
The expression increase in quantity supplied is illustrated graphically as a.
Question # 12
If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.
Question # 13
Which of the followig does not shift the IS curve .
Question # 14
Credit (+) items in the balance of payments correspond to anything that.
Question # 15
The school of deep ecology was founded by
Question # 16
A decrease in the legal reserve ratio from 25% to 20% will
Question # 17
If an increase in investment leads to a bigger increase in national income this is called the.
Question # 18
A shift in tastes loward foreign goods______ net exports and causes the quantity of aggregate output demanded to.
Question # 19
The long term demand for real money balance will rise when
Question # 20
Which of the following is incorrect with respect to the consumption diagram.
Question # 21
Julius smon ha pointed out the applied social sciences in.
Question # 22
The determinant of quadratic form is called.
Question # 23
Tax incidence is the
Question # 24
Money's primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization This function of money is called.
Question # 25
A linear function of the form 6x2 - 2y + 8 = 0 is known as.
Question # 26
In substitution effect a consumer
Question # 27
Research is directed towards the solution of a
Question # 28
It enables the researcher to acquaint himself with current knowledge in the field in which he is going to conduct his research.
Question # 29
If the federal reserve whishes to increase the money supply, it should
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Noor Ulain07 - Feb - 2023
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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28 Min 09 Sec
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13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
If a firm triples all inputs and output triples as well the firm is subject to
A. Constant returns to scale
B. Increasing returns to scale
C. Economies of scale
D. Both b and c
2
Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.
A. Capital flow restrictions
B. Export quotas
C. Export subsidies
D. Import tariffs
3
The Laffer curve depicts
A. A trade off between tax rates and government receipts
B. Price levels and real income
C. government deficits and unemployment
D. Tax rates and infixation
4
If the price of automobile were to decrease substantially the demand curve for automobiles would most likely.
A. shift rightward
B. Shift left eard
C. Remain unchanged
D. Become steeper
5
Skills that can be transferred to other employers are called.
A. General skills
B. Specific skills
C. Non pecuniary skills
D. All of the above
6
Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
7
If A is preferred to B and B is preferred to C and there is indifference between A and D
A. D is preferred to C
B. B is preferred to D
C. There is indifference between C and D
D. There is indifference between B and D
8
How much is contributed by agriculture sector to GDP of the country.
A. 18.5%
B. 21.8%
C. 26.5%
D. 34.5%
9
The Root Mean square Error for the actual sales and sales forecast for 1985 and 1986 is.
A. 20.2
B. 19.9
C. 14.7
D. 17.2
10
If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
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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