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.
In closed economic model aggregate demand is not sensitive to.
Question # 2
In a competitive industry each buyer and seller.
Question # 3
Disposable income is obtained by subtracting ________ taxes from personal income
Question # 4
An IOU of the Federal Reserve Bank of Scan Francisco to Bank of America is called.
Question # 5
Compared to the case of perfect competition.
Question # 6
The concept of carbon credit originated from which one of the following.
Question # 7
Women and non whiles on average receive lower comes than white men because.
Question # 8
A feasible effect of international trade is that a
Question # 9
It is a process of checking to detect and correct errors and omissions.
Question # 10
Equilibrium in the market for good A obtains.
Question # 11
According to the supply side model a reduction in the tax rate.
Question # 12
Which of the following is not one of the basic economic questions.
Question # 13
A competitive equilibrium is Pareto efficient because.
Question # 14
Theory is a set of systematically related propositions specifying casual relationship among variables is defined by
Question # 15
Earning from primary products are often unstable because.
Question # 16
A fall in interest rates is likely to
Question # 17
A change in autonomous spending is represented by.
Question # 18
Disposable incomes is equal to.
Question # 19
Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differtial in excess of transaction costs are called.
Question # 20
In Nash equilibrium each player chooses the best strategy.
Question # 21
Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of.
Question # 22
Advocates of industrial policy maintain that government should.
Question # 23
Increase un employment benefits and less incentive to work would.
Question # 24
Your checking account is
Question # 25
A decrease in the quantity of money supplied shifts the money supply curve to the________ and the equilibrium interest rate
Question # 26
Data on the unemployment rate is collected from
Question # 27
Mercantilism.
Question # 28
From of Agriculture in which famers move from place to place in search of better land is called.
Question # 29
Under a fixed exchange rate system an expansionary fiscal policy leads to a
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
The prominent meaning of statistic
A. Data , its analysis and interpretation
B. Observation of samples
C. Method for analyzing numbers
D. conducting census
2
The purpose of making assumptions in economic model building is to.
A. Force the model to yield the correct answer
B. Minimize the amount of work an economist must do
C. simplify the model while keeping important details.
D. Express the relationship mathematically.
3
A straight line downward sloping demand curve implies that as price falls the elasticity of demand.
A. Increases
B. Decreases
C. Remain the same
D. None of these
4
Which of the following correct about firms in an oligopoly.
A. Each firm has complete control over its own selling price
B. All firms independently charge monopoly prices
C. No one firm controls price but each has an influence on the price
D. There is no competition in oligopoly industries
5
An increase in the marginal propensity to import.
A. Has the some effect upon the multipliers as an increase in the MPC
B. Has no effect upon the multipliers
C. Increases the value of the multipliers
D. Decreases the value of the multipllers
6
Classical economics think general equilibrium is attained relatively quickly because.
A. The real interest rate adjusts quickly
B. The level of output adjusts quickly.
C. The real wage rate adjusts quickly
D. The price level adjusts quickly.
7
If the Federal Reserve wishes to increase the money supply it should.
A. Raise the reserve requirement
B. Raise the discount rate
C. Buy Treasury securities in the open market
D. All of the above
8
A temporary adverse productivity shock would.
A. Shift the labor supply curve upward
B. Decrease the level of employment
C. Decrease future income
D. Decrease the expected future marginal product of capital
9
The law of diminishing returns assumes.
A. There are not fixed factors of production
B. There are no variable factors of production
C. Utility is maximized when marginal product falls.
D. Some factors of production are fixed
10
When due to change in price of commodity x demand of commodity y is charged it is called.
A. Income elasticity
B. Price elasticity
C. More elastic
D. Cross elasticity
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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