PPSC Economics MCQ Test With Answer for Economics Complete
Economics Test- PPSC
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.
Online 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.
If for the output of worth 1 million the stock of capital worth 4 million is required this will be.
Question # 3
The quantity theory of money allows monetarists to obtain a number of economics predictions by assuming a constant.
Question # 4
A long-run total cost curve can be constructed from
Question # 5
The oldest basis of existence all over the world was.
Question # 6
Which of the following would increase aggregate demand.
Question # 7
Which of the following is not likely to be a government objective.
Question # 8
Which market adjusts the quickest in response to shocks to the economy.
Question # 9
A temporary adverse productivity shock would.
Question # 10
In a typical cartel agreement the cartel maximizes profit when it.
Question # 11
Which of the following is an example of a normative statement.
Question # 12
International specialization takes place because of.
Question # 13
The economist who spend twenty years cautiously trying out his ideas on his students before finally presenting them to the world near the close of the 19th contrary was.
Question # 14
A decrease in the marginal propensity to import will lead to.
Question # 15
Guid up of foreign exchange reserves leads to.
Question # 16
In the short run in the Keynesian model a sharp increase in oil prices would leave the economy with a ____ level of output and a ______ real interest rate.
Question # 17
Headquarter of World Bank is located in.
Question # 18
A positive definite Hessian fulfills the second order conditions for
Question # 19
Public utilities tend to be
Question # 20
An increase in total production causes the demand for money to _____ and the interest rate to ______
Question # 21
A widely used indicator to differentiate developed countries from developing countries is.
Question # 22
An item designed as money that is intrinsically worthless could the.
Question # 23
Which policy is an expenditure switching policy.
Question # 24
In the ISLM framework an expansionary monetary policy causes aggregate output to _____________ and the interest rate to
Question # 25
A movement along the demand curve may be caused by
Question # 26
A demand curve shows the relation between the quantity demanded to a commodity over a given time and.
Question # 27
If a good is normal then the demand curve for that good must be.
Question # 28
An increase in aggregate demand will have most effect on prices if.
Question # 29
Under law of demand.
Question # 30
If a nation has an open economy it means that the nation.
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