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 the Keynesian model short run equilibrium occurs where
Question # 2
International trade in good sand services is sometimes used as a substitute for all of the following except.
Question # 3
An increase in expected inflation is likely ot cause.
Question # 4
In Production of goods and services tradeoffs exist becasue.
Question # 5
If a consumer's budget constraint is given as P, X,+ Py Y = B thent he absolute slope of the budget line is.
Question # 6
Green revolution was in the following sector
Question # 7
Economists tend to judge a model based upon
Question # 8
Following is the major source for a country to meet the deficiency of capital
Question # 9
An oligopolistic industry can be characterized by all of the following except
Question # 10
Which among the following is a material for statics.
Question # 11
The law of diminishing returns states that as more of a variable factor is added to a certain amount of a fixed factor beyond some point.
Question # 12
Within circular flow of income, an increase in domestic income iwll lend to increase.
Question # 13
The fifth five year plan was an attempt to stabilize the economy and improve the standard to living of the poorest segment of the population from __________ to ____
Question # 14
In monopoly when abnormal profits are made.
Question # 15
The negative relation ship between unemployment and inflation is know as the
Question # 16
The board pumps money out of the economy by
Question # 17
Which of the following characteristics if Islamic economic system is true
Question # 18
If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely
Question # 19
Full- employment output is the level of output that firms in the economy supply when
Question # 20
Which among the following is not a merit of the census method.
Question # 21
In pure monopoly what is the relation between the price and teh marginal revenue.
Question # 22
The elasticity of demand for cigarettes by a non smoker is.
Question # 23
Unknown values in an equation are called.
Question # 24
The situation in which the imports are greater than exports is termed as.
Question # 25
Macro economics is the study of.
Question # 26
The method by which a sample is chosen
Question # 27
MC = MR= AR=AC = Price shows the longs run
Question # 28
Desired national saving would increase unambiguously if there were
Question # 29
The opportunity cost of acquiring education is.
Question # 30
Fiscal policy is weak under floating exchange rates as fiscal expansion.
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
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
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G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
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muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
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Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
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Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
16/30
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Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
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Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
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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
14/30
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Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
The business cycle is not transmitted from one country to another through.
A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labour supply changes
2
An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
A. Reduce , reduce
B. Reduce , increase
C. Increased, increased
D. Increases, reduces
3
What does ceteris paribus mean.
A. "Scientific method"
B. "Rational thinking"
C. "Other things remaining the same"
D. "There is no such thing as a free lunc"
4
Globalization is made more difficult by
A. The actions of the World Trade Organization
B. The removal of protectionist measures
C. Exchange rate instability
D. More free trade agreements
5
Academic community is otherwise called.
A. General public
B. Target audience
C. Participant audience
D. Scientific community
6
A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the
A. Real interest rate
B. Production function
C. Productivity relation
D. Marginal product
7
Transit Trade Agreement between Pakistan and Afghanistan ws signed at Kabul on.
A. March 2 , 1962
B. March 2, 1963
C. March 2, 1964
D. March 2, 1965
8
Skills that embodied in a person are called
A. Human capital
B. Emboded skills
C. Physical capital
D. Expeneces skills.
9
In an industry with a falling long term supply curve, which of the following is true.
A. Industry unit cost are constant
B. Industry unit costs are decreasing
C. Industry unit costs are increasing
D. Industry unit costs cannot be determined
10
The study which wants to determine the frequency of occurrence of an event of its association with something.
A. Descriptive
B. Explorative
C. Formulate
D. Diagnostic
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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