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.
the relation of productivity and income is discussed by Nurkse in.
Question # 2
The concept of unbaled growth and balance growth are.
Question # 3
Fiscal policy is weak under floating exchange rates as fiscal expansion.
Question # 4
Intermediate goods are meant for
Question # 5
The risk free rate of interest would not be affected by.
Question # 6
The two main characteristics of the production function are.
Question # 7
World environment Day is
Question # 8
Investment is an out stable element of aggregate demand because is depends heavily on.
Question # 9
The economic growth model of Ricardo based on.
Question # 10
An indifference curve shows various combinations to goods Which gives the consumer.
Question # 11
Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment ceteris paribus, Increases equilibrium income and the budget.
Question # 12
If an individual has a money income M of Rs. 999 , the price of X is rs.7.00 per unit and ithe price of Y is Rs. 300 per unit find the equation for the budget lines.
Question # 13
In the Keynesian corss diagra, an increase in autonomous consumer expenditure causes the aggregate demand function to shift up the equilibrium level of aggregate output to _______ and the IS curve to shift to the _______
Question # 14
All of the following are recognized as arms of agricultural price program except.
Question # 15
The exogenous variable in the income equation C +!+G = y is
Question # 16
A scarce good.
Question # 17
An equation in which all variables are raised to the first power is known as.
Question # 18
Which of the following causes M1 demand to decrease.
Question # 19
Depreciation is.
Question # 20
An increase in national income is.
Question # 21
Environmentalist speak of wilderness as a.
Question # 22
When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.
Question # 23
According to Islamic economic system the producers can earn.
Question # 24
The arc income elasticity of demand is approximately
Question # 25
The firms average variable cost of the 150th unit is.
Question # 26
The difference between bid rates and ask rates is called the
Question # 27
When your grandmother keeps her savings hidden under her mattress she is using money as.
Question # 28
All of the following are benefits of the single market except.
Question # 29
A dominant strategy is.
Question # 30
An increase in total production causes the demand for money to _____ and the interest rate to ______
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
S
Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
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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
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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
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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
In monopoly in long run equilibrium.
A. The firm is productively effieient
B. The firm is allocatively inefficient
C. The firm produces where marginal cost is less than marginal revenue
D. The firm produces at the sociality optimal level
2
The quantity theory of money allows monetarists to obtain a number of economics predictions by assuming a constant.
A. Velocity of money
B. Nominal output
C. Overall price level
D. Stock of money
3
Firms entering a perfectly competitive market will cause the price of the product to
A. Decrease
B. Increase
C. Remain constant
D. Respond more to consumer demand than supply
4
World trade has been increasing due to.
A. Increased tariffs
B. Increased legal barriers
C. Increased embargoes
D. Reduced protectionism
5
In cartels.
A. Firms complete against each other
B. Price wars are common
C. Firms use price to win market share from competitors
D. Firms collude
6
The "Law of demand" most directly means that consumers buy
A. More of a good the higher their incomes, ceteris paribus.
B. Less of good the higher its price ceteris paribus
C. Buy more of a good the less is its supply ceteris paribus
D. Buy less of a good the greater is its supply ceteris paribus
7
Profit is measured by
A. Revenue - Fixed costs
B. Fixed cost + revenue
C. Revenue - sales
D. Revenues - total costs
8
An economy may operate outside the production possibility frontier it.
A. It is not utilizing its resources fully
B. It is being productively efficient
C. It is a maxed economy
D. It is trading with other economics
9
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
10
An important policy instrument to influence commercial banks is.
A. Open market operations
B. Changing reserve ratios of commercial banks
C. Moral persuasion
D. None of the above
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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