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.
Full- employment output is the level of output that firms in the economy supply when
Question # 2
A natural monopoly has a declining ________ over a large range of output.
Question # 3
An autonomous increase in the value of the domestic exchange rate.
Question # 4
A decrease in the quantity of money supplied shifts the money supply curve to the________ and the equilibrium interest rate
Question # 5
The precautionary demand for money is
Question # 6
To help developing nations strengthen their international competitive rises many industrial nations have granted non nations udder the .
Question # 7
"Deduction and induction are a part of system of resonating stated by
Question # 8
The productivity curve
Question # 9
In a recession a government.
Question # 10
When IMF was established.
Question # 11
When the central Bank ________ the money supply the LM curve shifts to the _______ interest rates ____________ and equilibrium aggregate output.
Question # 12
The cost of using capital services is the
Question # 13
If an economy experience an increase in productivity it means that.
Question # 14
Collection of well defined distinct objects thought of as a whole is called
Question # 15
Devaluation leads to.
Question # 16
An increase in the marginal propensity to import.
Question # 17
The concept of carbon credit originated from which one of the following.
Question # 18
To anticipate what the economy is going to do next the government will look at.
Question # 19
It enables the researcher to acquaint himself with current knowledge in the field in which he is going to conduct his research.
Question # 20
If the government increase spending and raises taxes by just enough to finance the increase it will.
Question # 21
The equilibrium level of Y and I derived from the LM and IS equations above is.
Question # 22
Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.
Question # 23
The AD schedule indicates that______ inflation is associated with______ output.
Question # 24
Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.
Question # 25
When an increase in government spending is matched by an equal decrease in government transfers, the income level will.
Question # 26
If the nominal money supply doubles while real money demand is unchanged what happens to the price level.
Question # 27
The public sector includes.
Question # 28
A group of modern economists who believe that price and wage rigidities do not provide the only rationale for macroeconomic policy activism are called.
Question # 29
M4 is a _________ measures of money and includes deposits at both _____________ and
Question # 30
When GNP is Rs.500 billion and consumption expenditures are Rs.300 billion.
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
According to the .A.H Hasen the capitalistic economy is basically characterized with
A. Instability
B. Stability
C. Inefficiency
D. Efficiency
2
If demand is _______ then price cuts will ________ spending.
A. Inelastic, increase
B. Elastic, increase
C. Elastic, decreases
D. None of the above
3
It is a verbal method of searing data in the field surveys.
A. Interview
B. Questinaire method
C. Participant observation
D. Projective technique
4
Less Developed countries lend to have
A. A high average age
B. A slow population growth rate
C. High life expectancy
D. A low literacy rate
5
The concept of unbaled growth and balance growth are.
A. Unlimited value
B. Single value
C. Limited value
D. Short value
6
Which of the following causes M1 demand is decrease.
A. A fall in the tax rate
B. An increase in income
C. A fall in the interest rate
D. An increase in the use of credit cards
7
A change in the full employment quantity of labor_________ the short run aggregate supply curve and ______ the long run aggregate supply curve.
A. shifts ; shifts
B. shifts ; does not shift
C. does not shift ; shift
D. does not shift ; does not shift
8
In the efficiency wage model if the real wage is higher than the market clearing wage so that there in an excess supply of labor.
A. Firms will hire new workers at lower wages
B. Firms will replace high paid workers with low paid formerly unemployed workers
C. Employers will not hire workers who are willing to work for a lower wage.
D. Firms will demand a higher level of effort from existing employees
9
The key difference between classical and Keynesian macro economist is their differing beliefs about.
A. The slope of the aggregate demand curve
B. The speed at which prices adjust
C. The natural rate of unemployment
D. The full employment level of output
10
"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.
A. Marshall
B. Pigou
C. Pension
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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