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 of the following is not a macro economic issue.
Question # 2
The key issues of macroeconomics are
Question # 3
Who among the following is a pantheist
Question # 4
Chose the advantage of snowball sampling from the following.
Question # 5
"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.
Question # 6
The extra utility from consuming one more unit of a good is called.
Question # 7
Economists tend to disagree primarily about.
Question # 8
For perfectly competitive firm
Question # 9
The long term demand for real money balance will rise when
Question # 10
An increase in the number of workers hired by a firm could result from
Question # 11
An increase in autonomous consumer expenditure causes the equilibrium levelof aggregate output to _______ at any given interest rate and shifts the ____ curve to the
Question # 12
After a temporary beneficial supply shock hits the economy general equilibrium is restored by
Question # 13
According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________
Question # 14
The bowed shape of the production possibilities curve illustrtres.
Question # 15
In 1992 foreign currency accounts were frozen due to economic sanctions imposed due to.
Question # 16
When the marginal propensity to consume is 0.75 the multiplier has a value of.
Question # 17
The expected profit from the profit distribution above is.
Question # 18
Regarding Industrial development in Pakistan in 1960 following policy was adopted.
Question # 19
About __________ of land is cultivated through irrigation water.
Question # 20
If one car company takes over another car company this is an example of which type of integration.
Question # 21
Which of the following NOT a source of economic growth.
Question # 22
Qara -e- Hasna is normally payable to.
Question # 23
The average total cost when 20 units of output are produced is
Question # 24
The business cycle describes fluctuations in output around the.
Question # 25
If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP
Question # 26
A monopolist will maximize profit.
Question # 27
An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.
Question # 28
The income effect of a price change
Question # 29
The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is.
Question # 30
The Marginal cost of product W exhibiting positive externalities is McW = 25 + 5 Qs, the competitive price for each unit of W (Pw) is Rs. 175 and the positive externality is worth Rs. 100 to society for each unit produced. Society considers product W under produced by how many units.
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
In the Harrod - Domar equation g = s/v , v is defined as.
A. the value of the country a capital stock
B. The ratio of the country's capital stock to its output.
C. The change in the country's capital stock
D. None of the above
2
The marginal Revenue product is.
A. Upward sloping due to the law of demand
B. Upward sloping due to the law of marginal utility
C. Downward sloping due to the law of diminishing returns.
D. Downward sloping due to the law of supply
3
In perfect price discrimination
A. Consumer surplus is maximized
B. Produce surplus is zero
C. Community surplus is maximized
D. Consumer surplus is zero
4
If tastes are identical between countries then comparative advantage is determined by
A. Supply conditions only
B. Demand conditions only
C. Supply and demand conditions
D. Can't tell without more information.
5
The Lorenz curve is used to show relative in equality in the distribution of.
A. Wages
B. Income
C. Wealth
D. Profit
6
Which of the following rights be a scarce good.
A. Love
B. faith
C. Self control
D. All of above
7
All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
8
Large difference is inflation rates among countries are almost always the result of large difference in.
A. Productivity
B. Real income growth
C. The growth rates of real money demand
D. The growth rates of nominal money supplies
9
If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.
A. >1
B. <1
C. =1
D. =zero
10
The demand for labor slopes down and to the right because of.
A. The law of demand
B. The iron law of wages
C. The law of diminishing marginal returns
D. Economies of scale
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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