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.
In the short run no firm operates with a loss unless
Question # 2
In the monetary base is increased by $1,000 and the reserve requirement is 10% by how much will the money supply be increased.
Question # 3
In Pakistan income tax is
Question # 4
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 # 5
If demand is price inelastic.
Question # 6
As the MPS increases, the multiplier will
Question # 7
The farming in which farmers grow only enough food to survive food to survive is called.
Question # 8
The origin of Agriculture is from
Question # 9
Which does the government not control directly.
Question # 10
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.
Question # 11
According to Lincoln, I. Chao what is the primary objective of modern statics.
Question # 12
Price discrimination occurs when
Question # 13
"The impact on this monetary aggregate of extensive finance innovation -the changes in the kinds of deposits and services offered by banks led the central bank to drop M1 as a n intermediate target with the changes in the way the public was holding payments balances the M1 aggregate no longer that the same reliable link to.
Question # 14
The purpose of making assumptions in economic model building is to.
Question # 15
If a government imposed price celling causes the observed price in a market to be below the equilibrium price.
Question # 16
Cross -elasticity following commodities is very high
Question # 17
Sum of squares of the deviations about mean is.
Question # 18
If injections are greater than withdrawals.
Question # 19
Comparative advantage is determined by
Question # 20
A study of how increase in the minimum wage rate will effect the national unemployment rate is an example of.
Question # 21
Human capital can be described as.
Question # 22
According to principle of Islamic economics interest free banking was started in the fim of PLS account.
Question # 23
Holding all other things constant a higher price for ski lift tickets would.
Question # 24
In monopoly in long run equilibrium.
Question # 25
A stable equilibrium requires that the marginal propensity to consume is.
Question # 26
An increase in the real wage rate will cause
Question # 27
The method most commonly used to test the overall significance of a regression is.
Question # 28
A firm charges Rs. 800 for its unique word processor. If total revenue is Rs. 56,000 in July, how many word processor were sold that month.
Question # 29
The commission's authoritative figures include a Chairman who is the_____ assisted by the deputy chairman and a science advisor.
Question # 30
What technical terminology do economists use to refer to how much the money will multiply as this process unfolds.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
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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
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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
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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
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
A variable which is free to take any value we choose to assign to it is called.
A. Dependent variable
B. Independent variable
C. Endogenous variable
D. Explained variable
2
Effective branding will tend to make
A. Demand mover price inelastic
B. Supply more price inelastic
C. Demand more income elastic
D. Supply more income elastic
3
The opportunity cost of a student is.
A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying.
D. What the student will earn after graduation.
4
Which of the following macro economics variables is a cyclical.
A. Real interest rates
B. Unemployment
C. Money supply
D. Consumption
5
A study of how increase in the minimum wage rate will effect the national unemployment rate is an example of.
A. Descriptive economics
B. Normative economics
C. Macro economics
D. Micro economics
6
An increase in aggregate demand if aggregate supply is totally inelastic will.
A. Increase price but not output
B. Increase output but not price
C. Increase out put and price
D. Decrease output and price
7
In the short run no firm operates with a loss unless
A. Variable cost equals fixed cost
B. Variable cost falls short of fixed cost
C. Total revenue covers variable costs
D. Total revenue covers fixed cost
8
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
9
Most of the nationalized enterprises showed
A. Profit
B. Losses
C. Stability
D. Abnormal profit
10
Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.
A. Increase both imports and exports
B. Increase exports and reduce import
C. Reduce a balance of payments surplus
D. Reduce a balance of payment deficit
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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