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.
Immediately after a through we would expect to have al
Question # 3
A monopolistically competitive firm differs from a perfectly competitive firming that unlike the perfectly competitive firm it.
Question # 4
Monetary policy can affect output.
Question # 5
A firm's long run average total cost lineis
Question # 6
The world narrative derived from Latin verb
Question # 7
If the determinant formed by the elements of the matrix is not equal to zero, then the matrix is called.
Question # 8
The first level of output at which the long run average costs are minimized is called.
Question # 9
A tariff can ___________ raise a country's welfare
Question # 10
A straight line diagram can be drawn knowing the _______ and _____
Question # 11
Which of the following is an automatic stabilizer.
Question # 12
in large scale industry 46% share is contributed by
Question # 13
If a Canadian dollar costs 0.75 in terms of U.S. dollars, how much Canadian money would an American need to spend in Canada to get a dollar's worth of U.S. value.
Question # 14
Case study may be a source of hypothesis of.
Question # 15
It is appropriate to use the supply and demand model if in a market.
Question # 16
A monopoly market.
Question # 17
The purpose of making assumptions in economic model building is to.
Question # 18
Fractional unemployment arises when
Question # 19
Which of the following assets is most liquid.
Question # 20
In the EMU a country's competitiveness can change because of.
Question # 21
In economics, the term 'scarcity' refers to the fact that
Question # 22
If the fprice in a market is fixed by the government below equilibrium.
Question # 23
Dynamic multipliers occur when
Question # 24
The concept of "Interdependence of markets" can refer to the interdependence between.
Question # 25
Inflation.
Question # 26
Most of the nationalized enterprises showed
Question # 27
Deep ecology places emphasis upon
Question # 28
The Philips curve shows the relationship between inflation and what?
Question # 29
The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.
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
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
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azizbarawal@gmail.com 31 - Jan - 2023
13 Min 31 Sec
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Shad Ali Shah08 - May - 2024
14 Min 06 Sec
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G Ali11 - Oct - 2023
16 Min 36 Sec
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
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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
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
In the balcne of payments, travel and tourism are included int he category of.
A. Unilateral transfers
B. Capital account
C. Merchandise account
D. Services account
2
The classical are of the view that utility can be.
A. Ranked
B. Counted
C. Expressed in numbers
D. Not counted
3
An increase in costs will
A. Shift aggregate demand
B. Shift aggregate supply
C. Reduce the natural rate of unemployment
D. Increases the productivity of employees
4
In Islamic economic system following means of gaining wealth are permitted
A. smuggling
B. Hoarding
C. Gambling
D. None of these
5
A cut in the income tax rate designed to encourage household consumption is an example of.
A. Expansionary demand side policy
B. Contractionary demand side policy
C. Expansionary supply side policy
D. Contractionary supply side policy
6
If the State bank of Pakistan wished to pursue a light monetary policy it would.
A. Lower the required reserve ratio and the statutory liquidity ratio.
B. Lower interest rates
C. Buy government securities on the open market
D. Sell government securities on the open market
7
According to the permanent income hypothesis all increases in .
A. Permanent income are saved
B. Permanent income are consumed
C. transitory income are saved
D. Transitory income are consumed
8
Agricultural Development Finance Corporation was created in _____ under a central Act for the purpose of expanding financial facilities and promoting the development and modernization of agriculture in Pakistan.
A. 1950
B. 1951
C. 1952
D. 1953
9
Fiscal policy is weak under floating exchange rates as fiscal expansion.
A. Crowds out imports
B. Crowds out public consumption
C. Crowds out exports
D. Reduces the budget deficit
10
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
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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