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 incorrect with respect to the consumption diagram.
Question # 3
Factors that cause the IS curve to shift include.
Question # 4
The extra utility from consuming one more unit of a good is called.
Question # 5
The set of subsets of a set A is called.
Question # 6
If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
Question # 7
An economy that falls to realize all of its p9otential gains from specialization is.
Question # 8
Forced labor is one of the greatest injustice in the world according to.
Question # 9
As long as the principle of diminishing marginal utility is operating any increased consumption of a good.
Question # 10
The fundamental reason people must choose which goods to buy and consume is because of.
Question # 11
The valued of expenditure multiplier relates.
Question # 12
According the Hacksher-Ohlin model the source of comparative advantage is a country's
Question # 13
According to the .A.H Hasen the capitalistic economy is basically characterized with
Question # 14
The agricultural price support program is an example of.
Question # 15
A firm A's break even quantity is.
Question # 16
Other things equal a decrease in autonomous consumption shifts the _____ curve to the
Question # 17
All of the following represent obstacles to LDC development except.
Question # 18
International specialization takes place because of.
Question # 19
Banks can create money
Question # 20
Of the following which one is a characteristic of monopolistic competition.
Question # 21
Company A estimates the price elasticity of demand for its products.3.0 The price of the product is Rs. 15. If MC = 2+40, the profit maximizing level of output.
Question # 22
Suppose velocity is constant and the real income elasticity of the demand for money is less than one then estimating inflation as money growth rate minus real growth rate.
Question # 23
To reduce the supply of money the government could.
Question # 24
The contractionary effect on private investment spending due to financing requirements of government deficit pushing up interest rates is known by this term.
Question # 25
If the price of automobile were to decrease substantially the demand curve for automobiles would most likely.
Question # 26
When planned saving is greater than planned investment.
Question # 27
If sales are forecasted using an adaptive expectations model where the coefficient of adjustment .2, the sales forecast for 1986 is.
Question # 28
The situation in which the imports are greater than exports is termed as.
Question # 29
Assuming that money is neutral an increase in the nominal money supply would causes.
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
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
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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
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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
There is positive relationship between multiplier and.
A. Marginal propensity to consume
B. Marginal propensity to save
C. Marginal efficiency of capital
D. all of these
2
"Treating an individual as typical a group" is the definition of.
A. Pure dissemination
B. Statistical discrimination
C. Human capital
D. Specific skills
3
A fall in interest rates is likely to
A. Increase aggregate demand
B. Increase savings
C. Decrease consumption
D. Decrease exports
4
What is the characteristic of the sample which is selected randomly.
A. It is not average of the whole
B. It would be representative
C. It would not be equal to the population
D. All of the above
5
The estimated regression coefficient for good Y indicates
A. Goods X and Y are independent goods
B. Good Y is relatively elastic
C. Good Y is a luxury good
D. Goods X and Y are complementary goods
6
An economic variable that moves in the opposite direction as aggregate economic activity up in is called.
A. Pro cyclical
B. Countercyclical
C. A cyclical
D. A leading variable
7
Quantitative characteristics includes.
A. Beauty
B. Emotion
C. Intelligence
D. Data
8
According to Marshall the basis of consumer surplus is.
A. Law of diminishing marginal utility.
B. Law of equal marginal utility
C. Law of proportions
D. All of the above
9
Qualitative research focuses primarily on the meaning of.
A. Subjective attributes of individuals groups
B. Objective attributes of individuals or groups
C. Facts of Indi duals or groups
D. Descriptive attributes of individuals or groups
10
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
A. Fell by 10% from 1985 to 1986
B. Rose by 10% from 1985 to 1986
C. Remained constant from 1985 to 1986
D. Fell by 1% from 1985 to 1986
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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