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.
Everyone's absolute income doubles family A's APC, according to the simple Keynesian consumption function is expected to.
Question # 3
Which of the following part of M1
Question # 4
Exchange rates that are determined by the unregulated forces of supply and demand are.
Question # 5
The view that human beings are above of outside of nature as a source of value to known as.
Question # 6
Japan's low interest rates in the mid 80's were due to.
Question # 7
The farming in which farmers grow only enough food to survive food to survive is called.
Question # 8
Marginal utility is equal to average utility at that time when average utility is.
Question # 9
In the money market a condition of excess supply of money cna be eliminated by a _________ in aggregate output or a __ in the interest rate , both of which increase the quantity of money demanded.
Question # 10
It is a process of checking to detect and correct errors and omissions.
Question # 11
According to M.P Todaro model of ruler -urban migraton the migrationis assumed to be a.
Question # 12
In monopolistic competition
Question # 13
Which trade policy results in the government levying both a specific tariff and an advalorem tariff on imported goods.
Question # 14
If an increase in the price of gasoline increases the demand for gas hybrid cars, then
Question # 15
The Central Bank controls money and credit with the exception of.
Question # 16
if we are told that the two statements y = 3x2 and y = x + 10' are bout true at the same time , they are called.
Question # 17
Except for taxes to offset ___ taxes are.
Question # 18
In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.
Question # 19
An increase in autonomous consumer expenditure causes the equilibrium levelof aggregate output to _______ at any given interest rate and shifts the ____ curve to the
Question # 20
Research simply mesa a search for.
Question # 21
Menu costs in relation to inflation refer to
Question # 22
A Political problem with discretionary fiscal policy is the.
Question # 23
Who says theory as a integrated body of definitions, assomptions
Question # 24
Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.
Question # 25
Of the following the thinkers who viewed markets most favorably and who would consequently have been least likely to condemn payments of interest as immoral or unjustified by productivity would have been.
Question # 26
Foreign aid is mostly attached with
Question # 27
Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
Question # 28
Which of the following can the government not use directly to control the economy.
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
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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
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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
Sr.#
Question
Answer
1
Over time the price of primary products tends to fall because.
A. Demand is income elastic
B. Supply is income elastic
C. Of outward shifts in supply
D. Demand is price elastic
2
A decline in the money supply shifts the LM curve to the left causing the interest rate to ________ and output to___
A. rise ; rise
B. rise ; fall
C. fall ; rise
D. fall ; fall
3
The firms average variable cost of the 150th unit is.
A. Rs.15
B. Rs.17
C. Rs.20
D. Rs.9
4
"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.
A. Marshall
B. Pigou
C. Pension
D. All of the above
5
If B is a subset of A ,then A is a
A. Super set of B
B. Sub set of B
C. Empty set of B
D. Universal set of B
6
An optimal tariff is one which reduces imports to the level at which ___ equals
A. imports , exports
B. The balance of trade, zero
C. The demand for currency, the supply of currency
D. Social marginal cost social marginal benefit
7
Investment is an out stable element of aggregate demand because is depends heavily on.
A. Government policy
B. Expectations
C. National income
D. Historic trends
8
A decrease in autonomous consumer expenditure causes the equilibrium level of aggregate output to __________ at any given interest rate and shifts the ___ curve to the __________
A. rise ; LM ;right
B. rise ; IS ; right
C. Fall ; LM ; left
D. rise ;IS; Left
9
The situation in which the imports are greater than exports is termed as.
A. Trade surplus
B. Trade deficit
C. Budget surplus
D. None
10
Tariffs.
A. Decrease the domestic price of a product.
B. Increase government earnings from tax
C. Increase the quantity of imports
D. Decrease domestic production
11
The associative law of union is
A. AU (BUC= (AUB)
B. U C
C. AUB = BUA
D. BUC = BUA
12
When supply increases in an agricultural market famer's earnings might fall because.
A. Supply is price elastic
B. Demand is price inelastic
C. the government buys up all the excess production
D. All output must be sold at a maximum price
13
The liquidity trap occurs when the demand for money
A. Is perfectly interest elastic
B. Is perfectly interest inelastic
C. Means that an increase in money supply leads to a fall int he interest rate
D. Means that an increase in the money supply leads to an increase in the interest rate
14
According to Okun's law an increase in the unemployment rate will cause_______ in the level of empolyment and __ in the level of output.
A. An increase ; an increase
B. An increase; a decrease
C. A decrease ; an increase
D. a decrease ; a decrease
15
According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.
A. Abundant
B. Scarce
C. Neither
D. Can't tell without more information
16
Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
17
The IS curve shows the combinations of output and the real interest rate for which.
A. The goods market is in equilibrium
B. The labor market is in equilibrium.
C. The financial assets market is in equilibrium
D. An increase in output will cause the market clearing interest rate to be bid up.
18
Rule of innovation in economic growth is very important according to.
A. Adam smith
B. Richardo
C. Schumpter
D. Rostow
19
The economic logic behind granting central bank's independence from governmental the conduct of monetary policy is.
A. To eliminate seignior age
B. To allow open market operations
C. To enhance the credibility of monetary policy.
D. None of the above
20
increase foreign competition tend to.
A. Intensify inflationary pressure at home
B. Induce falling output per worker hour for domestic workers
C. Place constraints on the wages of domestic workers
D. Increase profits of domestic import competing industries.
21
When the demand curve is vertical its shows that the demand is.
A. Less elastic
B. Very high elastic
C. Elastic
D. Perfectly inelastic
22
The purpose of fiscal policy is to
A. Alter the direction of the economy
B. Change people's attitudes toward governemnt
C. Educate people as to the importance of economics
D. Offer insight into the way thing work
23
The agricultural price support program is an example of.
A. A price celling
B. A price floor
C. Equilibrium pricing
D. None of these
24
A disadvantage of the barter system is that
A. No trade occurs
B. People must produce all their own food clothing and shelter
C. The opportunity to specialize is greatly reduced.
D. Gold is the only unit of account
25
Short run is a time frame where a firm can change its.,
A. Total cost
B. Total production
C. Plant size
D. None of these
26
Which of the following is incorrect with respect to the consumption diagram.
A. the interest rate is a premium
B. MRS = (i +r)
C. The consumer will be lender in time zero
D. The consumer lends 700
27
The central economic problem in an economy refers to.
A. The prevalence of unemployment
B. To allocate scarce resources between competing uses.
C. Consumers having less money than they would like
D. ensure that production costs are converted by sales revenue.
28
A country transactions with the rest of the world are recorded in the
A. Balance of international indebtedness
B. Balance of financial transactions
C. Balance of payments
D. Income statement
29
Which of the following is the agro based industry.
A. Carpets
B. Iron work
C. Dairy farms
D. Woodwork
30
Headquarter of the Planning commission of Pakistan is located in.
A. Karachi
B. Lahore
C. Islamabad
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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