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.
The multiplier that applies to changes in autonomous investment is identical to changes in.
Question # 2
In the UK under a _________ of the labour force belong to a trade union.
Question # 3
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis which of the following curves is vertical.
Question # 4
During periods of rising inflation and rising interest rates we expect the demand for real cash to.
Question # 5
If a maximum price is set below equilibrium there will be.
Question # 6
In perfect competation.
Question # 7
A temporary adverse productivity shock would.
Question # 8
Consider the five panels of the figure on the previous page in which panel would the simultaneous imposition of restrictive monetary policy and expansionary fiscal policy cause the largest increase in interest rates.
Question # 9
A set continuing no elements is called.
Question # 10
Which of the following is an injection into the economy.
Question # 11
Market some times fall to exist because of.
Question # 12
Capital, as economists use the term.
Question # 13
Macro economics deals with
Question # 14
Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
Question # 15
An increase in price all other, things unchanged leads to.
Question # 16
The negative effect on the economy that occurs when average tax rates increases because taxpayers have moved into higher income brackets during an expansion is.
Question # 17
An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.
Question # 18
Given fixed exchange rates assume Pakistan initiates contractionary monetary ad fiscal policies to combat inflation. these policies will also.
Question # 19
Last week, Martha spend one day cleaning a house for this she was paid $50 The rest of the week, she spend looking for a job Martha would be callsified as.
Question # 20
In the short run if price falls the firm will respond by
Question # 21
The price elasticity of demand measures
Question # 22
The estimated regression coefficient for good Y indicates
Question # 23
What is the period of Rabi Seasons.
Question # 24
The average total cost when 20 units of output are produced is
Question # 25
An efficient economy is an economy
Question # 26
The classical are of the view that utility can be.
Question # 27
Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.
Question # 28
In the Keynesian cross diagram an increasing investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ______ and the equilibrium level of aggregate output to rise and the IS curve to shift to the
Question # 29
Which of the following macro economics variables is a cyclical.
Question # 30
If each element of a raw or column is a sum of two elements, the determinant can be expressed as the
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13 Min 52 Sec
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
If a price floor of Rs.15 is imposed, the governments cost is.
A. Rs.150
B. Rs.300
C. Rs.750
D. Rs.450
2
Cash crops cover nearly ____________ of the cropped areas
A. 25%
B. 55%
C. 15%
D. 35%
3
Relation between two numbers or variables are called.
A. Function
B. Binary relation
C. Inverse relation
D. None of the above
4
What is embodies sampling.
A. Haphazard selection
B. Numbers
C. Definite rules
D. Accuracy
5
Qualitative research focuses primarily on the meaning of.
A. Subjective attributes of individuals groups
B. Objective attributes of individuals or groups
C. Facts of Indi duals or groups
D. Descriptive attributes of individuals or groups
6
The theory of ___________ suggests that government can assist domestic companies in capturing economic profits from foreign competitors
A. International dumping
B. Countervailing duties
C. Strategic trade policy
D. Export promotion policy
7
We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.
A. Smaller
B. Larger
C. the same size
D. None of these
8
A sale of bonds by the central bank should cause.
A. A fall in the interest rate
B. An increase in the money supply
C. A decrease in the reserves of the commercial banks
D. An increase in the commercial banks loans to the public
9
The arc elasticity formula is used to estimate elasticity when
A. The product is thought to be inelastic
B. The product is thought to be elastic
C. The demand function is known
D. There are two observations of price and quantity
10
If the monopolist maximizes profits when marginal revenue equals marginal cost equals average cost economic profits must be.
A. Negative
B. Positive
C. Zero
D. Either a or c
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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