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.

PPSC Economics Full Book MCQ Test

Try The PPSC Economics Full Book MCQ Test

  • Total Questions30

  • Time Allowed30

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PPSC Economics Full Book MCQ Test

00:00
Question # 1

In singular sense 'Statistics' is considered as.

Question # 2

A straight line diagram can be drawn knowing the _______ and _____

Question # 3

Capitalism refers to

Question # 4

What is the share of Urban Population in the total population of Pakistan.

Question # 5

A benefit to consumers of price discrimination is that

Question # 6

The commission's authoritative figures include a Chairman who is the_____ assisted by the deputy chairman and a science advisor.

Question # 7

Price discrimination is possible

Question # 8

Which of the following results in an increase in the value of the dollar.

Question # 9

If the central Bank wished to Tighten money is would.

Question # 10

Where there is an equal increase in net tax revenue and government spending, ceteris paribus.

Question # 11

The set of subsets of a set A is called.

Question # 12

Increases in government spending increase interest rates and aggregate output in the ISLM framework this is a ____ shift of the _____ curve.

Question # 13

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 14

The agricultural price support program is an example of.

Question # 15

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Question # 16

The multiplier that applies to changes in autonomous investment is identical to changes in.

Question # 17

The overall Budget Deficit is financed from

Question # 18

An income demanded curve of an inferior good is.

Question # 19

Efficiency wages are_______ that raise

Question # 20

The most frequently occurring score in a distribution

Question # 21

When the period of Kharif crops start and when it end.

Question # 22

A demand curve that is an equilateral hyperbola is.

Question # 23

The Islamic mode of business where the subscriber participate with the money and the manager with skill and labor is.

Question # 24

The balance of trade can only worsen if income_______ relative to absorption

Question # 25

The two main characteristics of the production function are.

Question # 26

The prominent meaning of statistic

Question # 27

Normative economics form ______ based on.

Question # 28

The overall Budget Deficit is financed from

Question # 29

If the same amount is added to or subtracted from all the values, standard deviation shall be.

Question # 30

Transit Trade Agreement between Pakistan and Afghanistan ws signed at Kabul on.

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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

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    Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
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    Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
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    Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
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    Abdullah innocent 05 - Apr - 2023 08 Min 22 Sec 19/30
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    azizbarawal@gmail.com 31 - Jan - 2023 13 Min 31 Sec 18/30
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    muhammad irfanatta 28 - May - 2024 03 Min 55 Sec 16/30
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    Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
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    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 What technical terminology do economists use to refer to how much the money will multiply as this process unfolds.
A. The multiplier
B. The money multiplier
C. Required reserve ratio
D. Open market operations
2 The main source of interest profits for banks is.
A. Checking account fees
B. Loans
C. Government securities
D. Savigng accounts
3 Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.
A. Decrease in the money supply
B. Increase in the money supply
C. Decrease in the money demand
D. any of the above
4 An expenditure increasing policy would consist of an increase in
A. Import tariffs
B. Import quotas
C. Governmental taxes
D. The money supply
5 In the 1930s, when Keynes was alive a expansionary fiscal policy taking everything else constant would have led to.
A. A relative large increase in Y, a smaller increate n P
B. A relative large increase in P, a smaller increase in Y
C. Both Y and P increasing with an percentage
D. Only Y increase
6 According to the quantity theory of money an increase in the money supply is most likely to lead ot inflation if
A. The velocity of circulation decreases
B. The number of transactions decreases
C. There is deflation
D. The velocity of circulation and the number of transactions is constant
7 A mixed economy
A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demant
D. Has market forces and government intervention
8 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
9 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
10 An increase in price all other, things unchanged leads to.
A. Shift demand outwards
B. Shift demand inward
C. A contraction of demand
D. An extension of demand

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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