PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

PPSC Economics Full Book MCQ Test

Try The PPSC Economics Full Book MCQ Test

  • Total Questions30

  • Time Allowed30

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PPSC Economics Full Book MCQ Test

00:00
Question # 1

The primary function of a bank is to.

Question # 2

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Question # 3

In the efficiency wage model if the real wage is higher than the market clearing wage so that there in an excess supply of labor.

Question # 4

Anti dumping duties applied to imported goods.

Question # 5

If inflationary expectations increase, the short run Phillip's curve will

Question # 6

Direct investment and security purchases are classified as.

Question # 7

currency speculation is__________ if speculators bet against market forces that cause exchange fluctuations, thus moderating such fluctuations.

Question # 8

Over human interruption in nature will cause.

Question # 9

The law of inertia of large numbers means.

Question # 10

The long run aggregate supply curve.

Question # 11

Which of the following explains why demand curves slope downward.

Question # 12

The point at which the graph cuts the x axis is called.

Question # 13

The classical are of the view that utility can be.

Question # 14

Zakat in an important feature of Islamic economics system which is given from

Question # 15

Ad valorem tariffs are collected as

Question # 16

In Nash equilibrium each player chooses the best strategy.

Question # 17

Price equal to.

Question # 18

In perfect competition.

Question # 19

Demand for labour is more likely to be wage inelastic if.

Question # 20

An increase in the money supply other thighs equal shifts the ______ curve to the

Question # 21

Monopoly market is characteristics by

Question # 22

Nontariff trade barriers could include all of the following except.

Question # 23

W.W. Rostow considered that the economic development period consist of.

Question # 24

The economic growth model of Ricardo based on.

Question # 25

An increase in the number of workers hired by a firm could result from

Question # 26

Which of the following is a characteristics of monopolistic competition.

Question # 27

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 28

What major advantage of monetary policy over fiscal policy does this clipping underline.

Question # 29

In perfect competition a firm is.

Question # 30

Economics assumes that people consume goods and services to achieve.

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 PPSC Economics Topic 1 Basic Economics 302 Download PDF Launch Test
2 PPSC Economics Topic 2 Micro Economics 284 Download PDF Launch Test
3 PPSC Economics Topic 3 Macro Economics 339 Download PDF Launch Test
4 PPSC Economics Topic 4 Monetary & Fiscal Policy 264 Download PDF Launch Test
5 PPSC Economics Topic 5 International Economics 153 Download PDF Launch Test
6 PPSC Economics Topic 6 Economics Model 30 Download PDF Launch Test
7 PPSC Economics Topic 7 Islamic Economics 28 Download PDF Launch Test
8 PPSC Economics Topic 8 Development Economics 55 Download PDF Launch Test
9 PPSC Economics Topic 9 Pakistan Economics 144 Download PDF Launch Test
10 PPSC Economics Topic 10 Public Finance 190 Download PDF Launch Test
11 PPSC Economics Topic 11 Assess Your Basics 201 Download PDF Launch Test
12 PPSC Economics Topic 12 Statistics In Economics 76 Download PDF Launch Test
13 PPSC Economics Topic 13 Mathematics in Economics 94 Download PDF Launch Test
14 PPSC Economics Topic 14 History Of Economics Thought 26 Download PDF Launch Test
15 PPSC Economics Topic 15 Philosophy of Economics 38 Download PDF Launch Test
16 PPSC Economics Topic 16 Research Methods for Economist 90 Download PDF Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

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    Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
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    Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
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    Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
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    Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
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    Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
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    Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
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    Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
  • A
    Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
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    Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
  • H
    Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

PPSC Economics Important MCQ's

Sr.# Question Answer
1 (A+B) + C =a +(B+C) This law of matrices is known as.
A. Cumulative law
B. Associative law
C. Distributive law
D. Identity law
2 An autonomous increase in the value of the domestic exchange rate.
A. Increases output net exports and the interest rate.
B. Decreases output net exports and the interest rate
C. Decreases output and net exports and increases the interest rate.
D. Increase output and decreases net exports and the interest rate.
3 In the 1930s, when Keynes was alive a expansionary fiscal policy taking everything else constant would have led to.
A. A relative large increase in Y, a smaller increate n P
B. A relative large increase in P, a smaller increase in Y
C. Both Y and P increasing with an percentage
D. Only Y increase
4 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
5 Statistics should be capable of.
A. Empiricism
B. systematic inquiry
C. Comparison
D. Evolution
6 Bank and other corporations were nationalized by
A. Z.A. Bhutto
B. Nawaz sharif
C. Zia ul Haq
D. None of these
7 Pakistan's fiscal year starts from
A. 1st September
B. 1st January
C. 1st April
D. 1st July
8 International trade during the 19th century was characterized by.
A. Extensive barriers to trade
B. Operation of the gold standard
C. A small volume of international trade
D. None of these
9 Conspicuous consumption on unproductive assets and luxurious goods is considered against the concept of.
A. Islamic consumption
B. Taqva is Islam
C. Spending in Islam
D. Islamic production
10 Which of the following concepts represents the extra revenue a firm neceives from the services of an additional unit of a factor of production.
A. Total revenue
B. Marginal physical product
C. Marginal revenues product
D. Marginal revenue

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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