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.
If the price level for an economy was 100 in 1984 , 115 in 1985 and 125 in 1986 the rate of inflation between 1985 and 1986 was.
Question # 2
Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.
Question # 3
The theory that is equilibrium workers wages will barely be adequate for biological needs is knows as the.
Question # 4
The contractionary effect on private investment spending due to financing requirements of government deficit pushing up interest rates is known by this term.
Question # 5
As a result of privatization of industries private investor was
Question # 6
Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
Question # 7
When the price of foreign currency exchange is above the equilibrium level.
Question # 8
Qara -e- Hasna is normally payable to.
Question # 9
A demand switching policy could be.
Question # 10
A system of systematically interrelated concepts, definitions and propositions that are devanced to explain and predict phenomena define dby
Question # 11
The reduction or covering of foreign exchange risk is called.
Question # 12
the Zarai Taraqiati Bank Limited is the largest public sector financial development institution Pakistan it was founded in.
Question # 13
Social welfare is maximized when a hedonistic calculus regulates all human action according to the interventionist liberal
Question # 14
The institutional framework developed in 1974 to promote trade liberalization is known as.
Question # 15
The main source of interest profits for banks is.
Question # 16
As disposable income increases from Rs. 1500 to 2000 , saving increases from minus Rs. 50 to Rs.250 if the relationship between disposable income and saving is linear, the MPC obviously has a value of.
Question # 17
The economists who emphasized wage flexibility as a solution for unemployment were.
Question # 18
When the central Bank ________ the money supply the LM curve shifts to the _______ interest rates ____________ and equilibrium aggregate output.
Question # 19
Empirical research may given a new focus to the exiting theory means.
Question # 20
If A and B are symmetric matrix, then AB- BA is.
Question # 21
Money or paper currency serves at least _______ functions.
Question # 22
Why might a country resist globalization.
Question # 23
If the nominal money supply doubles while real money demand is unchanged what happens to the price level.
Question # 24
Sales taxes are generally considered to be.
Question # 25
What tow factors should you equate in deciding how many workers to employ.
Question # 26
Measure of skewness gives.
Question # 27
Ordinal measurement approach was not presented by
Question # 28
Economic planning by enteral government agencies is primarily associated with
Question # 29
A nation wishing to reduce its current account deficit would be advised to.
Question # 30
The real money demand doubles while the nominal money supply is unchanged what happens to the price level.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
S
Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
N
Noor Ulain07 - Feb - 2023
07 Min 21 Sec
19/30
A
Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
A
azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
18/30
S
Shad Ali Shah08 - May - 2024
14 Min 06 Sec
18/30
G
G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
M
muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
M
Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
S
Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
16/30
U
Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
H
Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
A
Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
A
Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
H
Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
In August ____ the government established a working group on private investment for the Eight Five Year plan 1993-98
A. 1989
B. 1990
C. 1991
D. None of these
2
As long as all prices remain constant an increase in money income results in.
A. An increase in the slope of the budget line
B. A decrease in the slope of the budget line
C. An increase in the intercept of the budget line.
D. a decrease in the intercept of the budget line.
3
if two sets do not have any common element, then they are called.
A. Complement sets
B. Joint sets
C. Disjoint sets
D. None of these
4
There are __________ basic economic activities.
A. 2
B. 3
C. 4
D. 5
5
Which of the following represents monetary policy geared to increases the supply of money.
A. The purchase of bonds by the Federal Reserve Bank
B. The sale of bonds by the Central Bank
C. An increase in reserve requirement
D. A decrease in taxes
6
In case of complimentary goods, if the price of one commodity falls there will be.
A. Rise in demand of other commodity
B. Fall in demand of other commodity
C. Fall is demand of both commodities
D. Nor charge
7
All economic model ae based on
A. Realistic assumptions
B. Assumptions which can never be perfectly realistic
C. Unrealistic assumptions
D. None of the above
8
Skills that can be transferred to other employers are called.
A. General skills
B. Specific skills
C. Non pecuniary skills
D. All of the above
9
How much of the Rs.5 billion dollar increase in government expenditures will be recouped in taxes.
A. Rs.1 billion
B. Rs.2 billion
C. Rs.0.9 billion
D. Rs.0.5 billion
10
What are the two broad functions of statistical methods in social research.
A. Description and summarizing
B. Description and indication
C. Description and induction
D. Applied Mathematics and induction
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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