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 statement that marginal cost = marginal revenue leads to profit maximization of loss minimization is true.
Question # 2
According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________
Question # 3
In long run equilibrium a monopolistically competitive firm will find.
Question # 4
If the reserve deposit ratio is 0.25 and the ratio of currency in circulation to deposits is 0.3, the potential money multiplier will have a value of.
Question # 5
According to Marshall the basis of consumer surplus is.
Question # 6
A depreciation of currency occur when
Question # 7
A demand curve shows that relation between price and demand.
Question # 8
The value of a household's assets minus the value of its liabilities is called.
Question # 9
An expenditure increasing policy would consist of an increase in
Question # 10
The NAFTA is a
Question # 11
Aggregate demand will increase if
Question # 12
Which of the following taxes is regressive.
Question # 13
An important feature of a___ is that the holder has the right , but not the obligation, to buy or sell currency
Question # 14
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 # 15
It enables the researcher to relate logically known facts to intelligent guesses about unknown conditions.
Question # 16
Nominal GNP measures income
Question # 17
It is the collection of data concerning the living and working conditionals of the people in a given community
Question # 18
The multiplier is the reciprocal of A
Question # 19
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward.
Question # 20
It is a verbal method of searing data in the field surveys.
Question # 21
Research simply mesa a search for.
Question # 22
According to Nurkse a balance growth a ncessary to.
Question # 23
Which of the following is not an example of the functions of statistic.
Question # 24
An indifference curve gives
Question # 25
Which is the most volatile component of aggregate demand.
Question # 26
If firms join together to set prices and quantities this is known as what.
Question # 27
import substitution is the replacement of ________ by domestic production under the protection of.
Question # 28
The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.
Question # 29
Which of the following will not result in an increase in the level of income.
Question # 30
Consumers and firms are known as price takers only it
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13 Min 52 Sec
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Amna Mawaz19 - Jul - 2024
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PPSC
Economics
Important MCQ's
Sr.#
Question
Answer
1
Compared to the case of perfect competition, a monopolist is more likely to
A. Charge a higher price
B. Produce a lower quantity of the product
C. Make a greater amount of economic profit
D. All of the above
2
if we are told that the two statements y = 3x2 and y = x + 10' are bout true at the same time , they are called.
A. Implicit functions
B. explicit functions
C. Simultaneous equations
D. Quadratic equations
3
What major advantage of monetary policy over fiscal policy does this clipping underline.
A. Monetary policy is more effective
B. Monetary policy is lss discriminatory
C. Monetary policy can influence interest rates
D. Monetary policy can be undertaken more quickly
4
Expansionary monetary policy
A. Tends to lead to an appreciation of nation's currency
B. Usually has no effect on a currency's exchange value
C. Tends to lea dto a depreciation of the currencies of other nations
D. Tends to lead to a depreciation of a nation's currency.
5
Japan's low interest rates in the mid 80's were due to.
A. High rates of domestic savings.
B. A decrease in Japan's exports
C. Increases in the U.S. deficit
D. High rates of domestic spending in Japan
6
International trade during the 19th century was characterized by.
A. Extensive barriers to trade
B. Operation of the gold standard
C. A small volume of international trade
D. None of these
7
Skills that can be transferred to other employers are called.
A. General skills
B. Specific skills
C. Non pecuniary skills
D. All of the above
8
In singular sense 'Statistics' is considered as.
A. Statistical data
B. Statistical methods
C. Both a a and b
D. None of these
9
Which of the following rights be a scarce good.
A. Love
B. faith
C. Self control
D. All of above
10
As the opportunity cost of a good falls, ceteris paribus the substitution effect implies that people buy
A. Less of the good and more of its substitutes
B. More of that good and less of its substitutes
C. Less of that good and less of its substitutes
D. More of that good and more of its substitutes
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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