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.
GDP per head may be an imperfect measure of economic welfare because it excludes.
Question # 2
Who defined research is an organized enquiry.
Question # 3
Who among the following is concerned with deep acology.
Question # 4
Which of the following part of M1
Question # 5
Quotas are government imposed limits on the ________ of goods trade between countries.
Question # 6
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.
Question # 7
Control is the essential ingredient of
Question # 8
Increase un employment benefits and less incentive to work would.
Question # 9
A Horizontal demand curve for a good could arise because consumers.
Question # 10
The earliest statement of the principle of comparative advantage is associated with.
Question # 11
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 # 12
According to the cost based definition of dumping occurs when a firm sells a product abroad at a price that is less than
Question # 13
A tariff that prohibits imports has only
Question # 14
The primary function of a bank is to.
Question # 15
While resources and products flow in one direction of the circular flow model what flow the other direction.
Question # 16
Friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but here should be a stable relationship between
Question # 17
The impossibility of negative gross investment provides a______ to fluctuations in.
Question # 18
Gross National product equals
Question # 19
Which of the following will cause a monetary induced change versus a fiscal induced change in equilibrium income as determined.by IS - LM analysis.
Question # 20
Adam smith includes in the model of economic growth following factors of production.
Question # 21
"More reliable results can be obtained through sampling method" because.
Question # 22
Using the Keynesian model , the effect of a decrease in the effective tax rate on capital would be to cause_____ in the real interest rate and __ in output in the long run.
Question # 23
Immediately after a through we would expect to have al
Question # 24
The most frequently occurring score in distribution.
Question # 25
The Schumpeterian growth model is based upon
Question # 26
A monolithically competitive market is characterized by all of the following except.
Question # 27
A decrease in the marginal propensity to import will lead to.
Question # 28
Art gallery argument give emphasis to aesthetic aspect of.
Question # 29
An expenditure reducing policy would consist of a decrease in
Question # 30
When Daimler Benz maker of the Mercedes bought Chrysler the merger was
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
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Abdullah innocent05 - Apr - 2023
08 Min 22 Sec
19/30
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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
17/30
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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
16/30
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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
14/30
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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 circular flow diagram firms.
A. Receive revenue and supply resources in the resource market
B. Incur costs and demand resources in the resource market.
C. Receive revenue and demand resources in the product market.
D. Incur costs and supply goods and services in the product market.
2
If the original money supply is MSo and the original demand for money is MDo then
A. The equilibrium interest rate and savings are 5% and 50
B. The money supply is 200 and equilibrium income is 500
C. The equilibrium interest rate and income are 5% and 600
D. The speculative demand is 25
3
Should international transpiration costs decrease the effect on international trade would include a.
A. Increases in the volume of trade
B. Smaller gain from trade
C. Decline in the income of home producers
D. Decrease in the level of specialization in production.
4
Economic growth rate of a country is determined by the
A. Capital formation rate
B. Employment rate
C. Saving rate
D. Investment rate
5
An autonomous rise in the value of the Rupee makes Pakistan goods _____ expensive relative to foresight goods which ______ net exports
A. Less ; decreases
B. Less ; increases
C. More ; decreases
D. more ; increases
6
The mathematical theory of probability has helped to form the.
A. Statistical theory
B. Law of inertia of large numbers
C. Law of statistical Relativity
D. Law of statistical Regularity
7
If the money supply change was correctly and fully anticipated for a change of M to MI new classical macroeconomics under the assumption of rational expectations would predict a movement from.
A. Pont Eo to point E1
B. Pont Eo to point E2
C. Pont Eo to point E3
D. Pont E3 to point E2
8
The extra utility from consuming one more unit of a good is called.
A. Marginal utility
B. Additional utility
C. surplus utility
D. Bonus utility
9
The low point in the business cycle is referred to as the
A. Expansion
B. Boom
C. Trough
D. Peak
10
increase foreign competition tend to.
A. Intensify inflationary pressure at home
B. Induce falling output per worker hour for domestic workers
C. Place constraints on the wages of domestic workers
D. Increase profits of domestic import competing industries.
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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