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 absence of international capital controls, central banks set ______ to provide the correct incentive for speculators
Question # 2
Real GNP is a crude measure of national welfare because it excludes.
Question # 3
To reduce cyclical unemployment the government might.
Question # 4
In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.
Question # 5
Resources in an economy
Question # 6
Disinflationary demand management policies.
Question # 7
If there is a price floor there will be.
Question # 8
BATA's marginal utility per dollars is .8 for both shorts and running shoes,. To attain her consumer equilibrium BATA should.
Question # 9
Which of the following causes M1 demand is decrease.
Question # 10
Due to indivisibilities in demand and infrastructure economic development can be achieved.
Question # 11
In the long run, an increase in productivity would cause output to _________ and the aggregate price level to
Question # 12
The short run supply curve for a competitive industry is derived by.
Question # 13
The quantity of money demanded increases with income Thus if income increases the opportunity cost of holding money demand and re establish equilibrium in the money market This relation is captured by.
Question # 14
Yin has defined case study is investigating the contemporary phenomena of.
Question # 15
Under the constitution of Pakistan National Finance Commission distribute the amount from Federal taxes to provinces on the basis of.
Question # 16
The expression increase in quantity supplied is illustrated graphically as a.
Question # 17
The largest source of tax revenue for the federal government is.
Question # 18
Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment , caters parabasal increases equilibrium income and the budget.
Question # 19
If a government imposed price celling causes the observed price in a market to be below the equilibrium price.
Question # 20
An independent assessment of the impact of firm's activities on society is called a.
Question # 21
The largest lenders to less developed countries are
Question # 22
Supply is likely to be more price elastic.
Question # 23
Absence of representatives are special feature of.
Question # 24
A linear function of the form 6x2 - 2y + 8 = 0 is known as.
Question # 25
Which of the policies in the table above an increase in social welfare according to pareto efficiency.
Question # 26
Finding a partner to work with abroad is called a.
Question # 27
Say's law states that
Question # 28
Which of the following best defines price discrimination.
Question # 29
How much is contributed by agriculture sector to GDP of the country.
Question # 30
An example of discretionary fiscal policy would be.
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
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
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azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
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G Ali11 - Oct - 2023
16 Min 36 Sec
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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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
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
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Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
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Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Under land reforms celling of land was set as 150 acres of Un irrigated land by
A. Zial ul Haq
B. Z.A.Bhutto
C. Nawaz Sharif
D. None of these
2
If firms join together to set prices and quantities this is known as what.
A. Interaction
B. Conglomerate
C. Collusion
D. Integration
3
You move some of your savings account balance into your checking account.
A. M2 falls and M1 rises
B. M1 falls and M2 rises
C. M1 and M2 are unchanged
D. M1 rises and M2 remains unchanged
4
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.
A. 10 Units
B. 15 Units
C. 20 Units
D. 5 units
5
Research based on empirical evidences and.
A. scientific experience
B. Political experience
C. Rational experience
D. Observable experience
6
A decline in planned investment spending unrelated to the interest rate focuses the equilibrium level of aggregate output to ________ and shifts the _ curve to the _______
A. rise; Lm ; RIGHT
B. RISE ; is; right
C. fall ; IS; Left
D. rise ; LM; left
7
The Marxist concept of surplus value would not include income received in the form of
A. wages
B. rent
C. Interest
D. corporate profit
8
A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the
A. Real interest rate
B. Production function
C. Productivity relation
D. Marginal product
9
If employees cannot accept a job because of the costs of moving this is known as.
A. Occupational immobility
B. Cyclical unemployment
C. Structural immobility
D. Geographical immobility
10
The fundamental reason people must choose which goods to buy and consume is because of.
A. Scarcity
B. Specialization
C. People engaging in exchange
D. The fact there are many different economic agents
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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