PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

Here is List Of Chapter Wise Tests

Ch. #	Test Name	MCQs Available	PDF File	Launch Test
1	PPSC Economics Topic 1 Basic Economics	302	Download PDF	Launch Test
2	PPSC Economics Topic 2 Micro Economics	284	Download PDF	Launch Test
3	PPSC Economics Topic 3 Macro Economics	339	Download PDF	Launch Test
4	PPSC Economics Topic 4 Monetary & Fiscal Policy	264	Download PDF	Launch Test
5	PPSC Economics Topic 5 International Economics	153	Download PDF	Launch Test
6	PPSC Economics Topic 6 Economics Model	30	Download PDF	Launch Test
7	PPSC Economics Topic 7 Islamic Economics	28	Download PDF	Launch Test
8	PPSC Economics Topic 8 Development Economics	55	Download PDF	Launch Test
9	PPSC Economics Topic 9 Pakistan Economics	144	Download PDF	Launch Test
10	PPSC Economics Topic 10 Public Finance	190	Download PDF	Launch Test
11	PPSC Economics Topic 11 Assess Your Basics	201	Download PDF	Launch Test
12	PPSC Economics Topic 12 Statistics In Economics	76	Download PDF	Launch Test
13	PPSC Economics Topic 13 Mathematics in Economics	94	Download PDF	Launch Test
14	PPSC Economics Topic 14 History Of Economics Thought	26	Download PDF	Launch Test
15	PPSC Economics Topic 15 Philosophy of Economics	38	Download PDF	Launch Test
16	PPSC Economics Topic 16 Research Methods for Economist	90	Download PDF	Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

U

Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
S

Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
N

Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
A

Abdullah innocent 05 - Apr - 2023 08 Min 22 Sec 19/30
A

azizbarawal@gmail.com 31 - Jan - 2023 13 Min 31 Sec 18/30
S

Shad Ali Shah 08 - May - 2024 14 Min 06 Sec 18/30
G

G Ali 11 - Oct - 2023 16 Min 36 Sec 17/30
M

muhammad irfanatta 28 - May - 2024 03 Min 55 Sec 16/30
M

Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
S

Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
U

Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
H

Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
A

Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
A

Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
H

Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

PPSC Economics Important MCQ's

Sr.#	Question	Answer
1	International trade is based on the idea that	A. Exports should exceed imports B. Imports should exceed exports C. Resources are more mobile internationally than are goods D. Resources are less mobile internationally than are goods
2	International specialization takes place because of.	A. Differences in technology B. Differences in factor endowments C. Scale economies D. All of the above
3	A tax of 20 cents per unit of imported cheese would be an example of a	A. Compound tariff B. Effective traiff C. Ad valorem tariff D. Specific tariff
4	An expansionary monetary policy	A. Reduces interest rates B. Increases real output C. Shifts the LM curve to the right D. All of the above
5	Net National product equals.	A. Gross national product minus indirect business taxes B. Gross national product minus depreciation C. National income minus indirect business taxes D. National income pluses depreciation
6	There are __________ basic economic activities.	A. 2 B. 3 C. 4 D. 5
7	The factor endowment theory was pioneered by	A. Adam Smith B. David Richardo C. Wassily Leontief D. Ell Heckscher and Bartill Ohlim
8	The increase in total cost when one more units is produced is known as.	A. Marginal cost B. Opportunity cost C. Limited cost D. Average cost
9	In a less developed country.	A. The infrastructure is likely to be good. B. Real wages are likely to be high C. Unemployment is likely to be low D. The primary sector is likely to be significant
10	Fact is empirically verifiable observation is defined by	A. Good and Halt B. Claver C. P.V.Young D. Emory

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.

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

Economics Paper Pattern For PPSC

PPSC Economics Full Book MCQ Test

PPSC Economics Full Book MCQ Test

In economics money refers to

Which of the following macro economic variables is procyclical and coincident with the business cycle.

Which of the policies in the table above an increase in social welfare according to pareto efficiency.

"No two elements of a set are identical" this statements is.

Money is

Which of the following does not represent a barrier to entry into a market.

If marginal product is below average product.

In the ISLM frame work an expansionary fiscal policy causes aggregate output to _________ and the interest rate to.

a x2 + bx + c = 0

In the Keynesian model which curve is vertical.

The variable that stands alone on the left hand side of the equation such as y = 2x + 1 is known as.

In case of complimentary goods, if the price of one commodity falls there will be.

An example of discretionary fiscal policy would be.

In a recession a government.

Which of the following changes shifts the AD curve down and to the left.

If a country has a bowed out production possibility frontier then production is said to be subject to.

The world narrative derived from Latin verb

In a less developed country.

Cash crops cover nearly ____________ of the cropped areas

If a consumer's budget constraint is given as P, X,+ Py Y = B thent he absolute slope of the budget line is.

Which of the following does not characterize monopolistic competition.

A matrix with all elements zero other than all the diagonals is called.

if two sets do not have any common element, then they are called.

A set containing only one element is termed as

The use of money is more efficient than barter because the introduction of money

The retail price index is used to.

"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.

Guid up of foreign exchange reserves leads to.

Which of the following statements abut the relationship between marginal cost and average cost is correct.

Holding all other things constant a higher price for ski lift tickets would.

Topic Test

Here is List Of Chapter Wise Tests

Top Scorers of PPSC Economics Full Book MCQ Test

PPSC Economics Important MCQ's

MCQ's Tests For PPSC Economics Preparation

Test Questions

Is this page helpful?