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.
Direct investment and security purchases are classified as.
Question # 2
A tariff causes domestic firms to __________ and consumers to
Question # 3
Market failure may arise because of.
Question # 4
If two sets contain the same distinct elements, then they are called.
Question # 5
_____________ represent the most widely used tool in international finance for measuring the average value of a currency relative to a number of other currencies
Question # 6
According the Keynes when the great depression started , the government should have.
Question # 7
To maximize revenue, an excise tax should be imposed on a product
Question # 8
If the central Bank wished to Tighten money is would.
Question # 9
A person who is made redundant because of the contraction of an industry is a victim of.
Question # 10
When we refer to the hidden economy we mean unrecorded income owing to.
Question # 11
Which of the following does not characterize monopolistic competition.
Question # 12
Real business cycle theories suggest that _____ to correct departures from the desired growth path.
Question # 13
Using the Keynesian model the effect of an increase in the effective tax rate on capital would be to cause _________ in the real interest rate and ______ in output in the short run.
Question # 14
Developing economics usually have
Question # 15
If a few firms dominate an industry the market is known as.
Question # 16
The mathematical theory of probability has helped to form the.
Question # 17
The precautionary demand for money is
Question # 18
The long run Phillips curve is
Question # 19
A straight line downward sloping demand curve implies that as price falls the elasticity of demand.
Question # 20
The valued of expenditure multiplier relates.
Question # 21
If the Bank of Pakistan wished to pursue a tight monetary policy is would.
Question # 22
M4 is a _________ measures of money and includes deposits at both _____________ and
Question # 23
In the Keynesian cross diagram an increasing investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ______ and the equilibrium level of aggregate output to rise and the IS curve to shift to the
Question # 24
A reduction in the money supply is likely to
Question # 25
A sale of bonds by the central bank should cause.
Question # 26
In pure competition.
Question # 27
According to classical economists unemployment rises in recessions due to an increase in ______ unemployment , not in _______ unemployment.
Question # 28
An increase in the quantity of money supplied shifts the money supply curve to the_______ and the equilibrium interest rate
Question # 29
An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________
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
A public good
A. Is provided by the government
B. Is free
C. Has the properties of being non excludable and non diminishable
D. Has external costs
2
If the demand curve for a good is horizontal and the price is positive then a leftward shift of the supply curve results in.
A. a price of zero
B. An increase in price
C. A decrease in price
D. No change in price
3
__________ is a said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries infavor of member countries.
A. Trade creation
B. Trade diversion
C. Trade exclusion
D. Trade distortion
4
A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.
A. Enhances
B. Undermines
C. Encourages
D. Facilitates
5
If a good has a lot of substitutes, then its demand is.
A. Elastic
B. Inelastic
C. Unit elastic
D. Elastic or inelastic depending on whether the price is increasing or decreasing
6
State monopoly was greatly imposed in the period of.
A. Nawaz Sharif
B. Z.A.Bhutto
C. Zia ul Haq
D. None of these
7
Union of A with B is same as union of B with A, that is AUB = BUA is termed as
A. Associative law of union
B. Cumulative law of union
C. Reflective law
D. All the above
8
The multiplier accelerator model assumes _______ depends on.
A. Consumption, expected future profits.
B. Investment, interest rates.
C. Investment expected future profits.
D. Stock building, interest rates.
9
An increase in government spending 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 ; LM ;Left
C. fall ; IS ; Left
D. rise ; IS ;right
10
Which of the following is not among Restow's stage of growth.
A. The traditional society
B. the age of low mass consumption
C. The take off
D. The dried to maturity
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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