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.
According to budget 2012-13, Pakistan repays____ of loans to IMF
Question # 2
Disposable income is obtained by subtracting ________ taxes from personal income
Question # 3
If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.
Question # 4
"Zakat" is a charity on.
Question # 5
The implementation lag for monetary policy is generally
Question # 6
In the Keynesian model which curve is vertical.
Question # 7
The precautionary demand for money is
Question # 8
Skills that can be transferred to other employers are called
Question # 9
In marketing "USP " Stand for
Question # 10
If the autarky price of S were lower in country A than in country B, then if trade were allowed.
Question # 11
A nation experiences internal balance if it acieves.
Question # 12
In oligopoly market seller are.
Question # 13
Equilibrium in the money markets can be expressed by the equation i = 9k/h) Y -M/h. The slope of LM decrease when
Question # 14
using money as a medium of exchange.
Question # 15
The substitution effect of a decrease in real interest rates is to cause a consumer to.
Question # 16
In perfect competition the transpiration cost
Question # 17
In the period of Zia ul Haq the nationalized enterprises went on.
Question # 18
Estimation is the process of.
Question # 19
The tax is question 52 is
Question # 20
Over time the price of primary products tends to fall because.
Question # 21
A purely monetary explanation of the business cycle is proposed by
Question # 22
Absence of representatives are special feature of.
Question # 23
A typical demand curve cannot be
Question # 24
A mathematical statement setting two algebraic expressions equal to each other is called.
Question # 25
Which among the following is a material for statics.
Question # 26
Export led growth strategies tend to emphasize.
Question # 27
Which of the following persons would be considered unemployed.
Question # 28
The negative relation ship between unemployment and inflation is know as the
Question # 29
Quality controlleers at the LMN corporation formulate the null hypothesis that the proportion of defective items in the production line is 10% they reject this hypothesis when they find 12 defective items in 100. If the defective rate is really 10% What type of error did they make.
Question # 30
The dynamic aggregate demand schedule shifts rightward when there is an increase in.
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
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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
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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
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
In economics, the term 'scarcity' refers to the fact that
A. Everything worthwhile costs money
B. No society is able to produce enough to fully satisfy the desires of people for goods.
C. Even in wealthy societies, like the united states, some people are poor
D. sometimes shortages of product result if its price is set too low.
2
In the Keynesian model in the long run an increase in the money supply will raise
A. The price level but not the level of output
B. The level of output but not the price level
C. Both the level of output and the price level
D. Neither the level of output nor the price level
3
Economic growth can be measured by
A. The CPI
B. The CBI
C. GDP
D. MPC
4
Disposable income is.
A. Income less taxes
B. Income less direct taxes
C. income less indirect taxes
D. All of these
5
In land intensive method which mean production is used comparativelymore
A. Labour
B. Land
C. Capital
D. Organization
6
The two main characteristics of the production function are.
A. It slopes downward from left to right and the slope become flatter as teh input increases
B. It slopes upward from left to the right the slope becomes steeper as the input increase
C. It slopes upward from left to right unput increases
D. It slopes downward from left to right and the slope becomes steeper ath the input increase
7
A firm A's break even quantity is.
A. 10 units
B. 40 units
C. 50 units
D. 30 units
8
First land reforms made by Ayub Khan in
A. 1965
B. 1970
C. 1962
D. 1958
9
The natural rate of unemployment is likely to tall if
A. Unemployment benefits increase
B. Income tax increases
C. More training is available for the unemployed
D. Geographical immobility increases
10
General agreement on Tariffs and Trade was established in.
A. 1948
B. 1949
C. 1950
D. None of these
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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