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.
As long as all prices remain constant an increase in money income results in.
Question # 2
The aggregate demand curve is downward sloping because a higher price level.
Question # 3
Supply is likely to be more price elastic.
Question # 4
If every elements of a raw or column of a square matrix A is zero, then the value of the determinant .
Question # 5
What are the two broad functions of statistical methods in social research.
Question # 6
The research is a systematic gathering of information among individuals and collectives.
Question # 7
The measure used to examine the distribution of wealth at the world level is.
Question # 8
A reduction in government spending causes the equilibrium level of aggregate output to ___________ at any given interest rate and shifts the ________ curve to the.
Question # 9
An important feature of a___ is that the holder has the right , but not the obligation, to buy or sell currency
Question # 10
Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
Question # 11
Which of the following is not a macro economic issue.
Question # 12
An autonomous rise in __________ note causes by a change in the price level aggregate output of the interest shifts the _________ curve to the
Question # 13
If a long average cost rises, output rises from left to right this is an example of.
Question # 14
The equilibrium price and quantity , given the inverse demand and supply functions.
po = 3q +30 and p s = 2q -5
Question # 15
If average fixed cost is 40 and average variable cost is 80 for a given output we the know that average total cost is.
Question # 16
A beneficial supply shock would cause.
Question # 17
The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.
Question # 18
Unlimited supply of labor means in developing countries that part of man power which even if is withdrawn from the process of production there will be no fallen output is the theory of.
Question # 19
The resources in an economy are
Question # 20
A diagonal matrix whose diagonal elements are equal is called.
Question # 21
If the Federal Reserve wishes to increase the money supply it should.
Question # 22
In pure monopoly there is.
Question # 23
If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.
Question # 24
A primary reason why nations conduct international trade is because.
Question # 25
Less Developed countries lend to have
Question # 26
In cartels.
Question # 27
In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.
Question # 28
The concept of carbon credit originated from which one of the following.
Question # 29
Which among the following is not a merit of the census method.
Usman Shahinshah06 - Jun - 2024
16 Min 23 Sec
22/30
S
Shoaib khan11 - Oct - 2022
16 Min 49 Sec
20/30
N
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
S
Shad Ali Shah08 - May - 2024
14 Min 06 Sec
18/30
G
G Ali11 - Oct - 2023
16 Min 36 Sec
17/30
M
muhammad irfanatta28 - May - 2024
03 Min 55 Sec
16/30
M
Munawer Ali15 - Feb - 2023
06 Min 22 Sec
16/30
S
Sohaib Ali14 - Nov - 2024
12 Min 47 Sec
16/30
U
Uzair Ahmad16 - Jun - 2023
13 Min 31 Sec
16/30
H
Hammad Akram18 - Apr - 2023
28 Min 09 Sec
16/30
A
Arsalan Haider11 - Jan - 2024
13 Min 52 Sec
15/30
A
Amna Mawaz19 - Jul - 2024
05 Min 56 Sec
14/30
H
Hira Bukhari08 - May - 2023
06 Min 20 Sec
14/30
PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Pakistan to get ________ of gas from Pak iran Gas pipeline Turkmenistan -Afghanistan , Pakistan , India gas pipeline.
A. 1.5 billion cubic feet
B. 2 billion cubic feet
C. 2.5 billion cubic feet
D. 3 billion cubic feet
2
International specialization takes place because of.
A. Differences in technology
B. Differences in factor endowments
C. Scale economies
D. All of the above
3
Guid up of foreign exchange reserves leads to.
A. Decrease in money supply
B. increase in money supply
C. contraction in money supply
D. None of the above
4
Nationalism, self sufficiency, and imperial power were central concerns of.
A. French physiocrats
B. Thomas Malthus
C. Mercantilists
D. Adam Smith
5
For a competitive firm its short run supply curve is ________ and its long run supply curve is.
A. SMC , LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC Below SAVC, LMC below LAC
6
In Nash equilibrium each player chooses the best strategy.
A. Assuming other players move first.
B. Dominated by the other players
C. Given the strategies of other players
D. That is a credible threat
7
In Pakistan income tax is
A. progressive tax
B. Proportional
C. Direct
D. A and c of above
8
The function of money do not include.
A. an exchange of purchasing power
B. A unit of account
C. A medium of exchange
D. A store of value
9
A decrease in autonomous consumer expenditure causes the equilibrium level of aggregate output to __________ at any given interest rate and shifts the ___ curve to the __________
A. rise ; LM ;right
B. rise ; IS ; right
C. Fall ; LM ; left
D. rise ;IS; Left
10
Which of the following would cause the demand curve for an input to shift.
A. A change in technology
B. A change in demand for the product being produced
C. An increase in the number of firms in the industry
D. All of the above
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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