PPSC Economics MCQ Test With Answer for Full Book

Economics Test- PPSC

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.

PPSC Economics Full Book MCQ Test

Try The PPSC Economics Full Book MCQ Test

  • Total Questions30

  • Time Allowed30

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PPSC Economics Full Book MCQ Test

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Question # 1

An increase in aggregate demand will have most effect on prices if.

Question # 2

In monopolistic competition firms profit maximize where

Question # 3

During period of inflation

Question # 4

A market demand curve can be derived by adding all the individual demand curves

Question # 5

The marginal Revenue product is.

Question # 6

The demand for labor will be more elastic if

Question # 7

Environmentalist speak of wilderness as a.

Question # 8

In economics money refers to

Question # 9

The natural rate of unemployment is generally thought of as the

Question # 10

The purpose of financial intermediaries is.

Question # 11

As a plural noun, who defined statistics very adequately and realistically

Question # 12

Price discrimination is possible

Question # 13

In order to maximize profits a monopoly company will produce that quantity at which the

Question # 14

Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.

Question # 15

Tax incidence is the

Question # 16

The equilibrium price and quantity , given the inverse demand and supply functions.
po = 3q +30 and p s = 2q -5

Question # 17

The limit of an economy's total productive capacity at any given time is set by

Question # 18

Eco philosophy deals with philosophy of

Question # 19

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 20

To be allocatively efficient ta firm must produce where

Question # 21

Information collected by the researcher for the purposes of the project immediately

Question # 22

Higher export demand _______ output and a higher MPZ______ output..

Question # 23

In oligopoly market seller are.

Question # 24

Marginal utility is equal to average utility at that time when average utility is.

Question # 25

When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.

Question # 26

During the financial year 1999-2000 the tax yielding the largest revenue for the Federal Government was.

Question # 27

Adam smith includes in the model of economic growth following factors of production.

Question # 28

Net National product equals.

Question # 29

A benefit to consumers of price discrimination is that

Question # 30

"No two elements of a set are identical" this statements is.

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 PPSC Economics Topic 1 Basic Economics 302 Download PDF Launch Test
2 PPSC Economics Topic 2 Micro Economics 284 Download PDF Launch Test
3 PPSC Economics Topic 3 Macro Economics 339 Download PDF Launch Test
4 PPSC Economics Topic 4 Monetary & Fiscal Policy 264 Download PDF Launch Test
5 PPSC Economics Topic 5 International Economics 153 Download PDF Launch Test
6 PPSC Economics Topic 6 Economics Model 30 Download PDF Launch Test
7 PPSC Economics Topic 7 Islamic Economics 28 Download PDF Launch Test
8 PPSC Economics Topic 8 Development Economics 55 Download PDF Launch Test
9 PPSC Economics Topic 9 Pakistan Economics 144 Download PDF Launch Test
10 PPSC Economics Topic 10 Public Finance 190 Download PDF Launch Test
11 PPSC Economics Topic 11 Assess Your Basics 201 Download PDF Launch Test
12 PPSC Economics Topic 12 Statistics In Economics 76 Download PDF Launch Test
13 PPSC Economics Topic 13 Mathematics in Economics 94 Download PDF Launch Test
14 PPSC Economics Topic 14 History Of Economics Thought 26 Download PDF Launch Test
15 PPSC Economics Topic 15 Philosophy of Economics 38 Download PDF Launch Test
16 PPSC Economics Topic 16 Research Methods for Economist 90 Download PDF Launch Test

Top Scorers of PPSC Economics Full Book MCQ Test

  • U
    Usman Shahinshah 06 - Jun - 2024 16 Min 23 Sec 22/30
  • S
    Shoaib khan 11 - Oct - 2022 16 Min 49 Sec 20/30
  • N
    Noor Ulain 07 - Feb - 2023 07 Min 21 Sec 19/30
  • A
    Abdullah innocent 05 - Apr - 2023 08 Min 22 Sec 19/30
  • A
    azizbarawal@gmail.com 31 - Jan - 2023 13 Min 31 Sec 18/30
  • S
    Shad Ali Shah 08 - May - 2024 14 Min 06 Sec 18/30
  • G
    G Ali 11 - Oct - 2023 16 Min 36 Sec 17/30
  • M
    muhammad irfanatta 28 - May - 2024 03 Min 55 Sec 16/30
  • M
    Munawer Ali 15 - Feb - 2023 06 Min 22 Sec 16/30
  • S
    Sohaib Ali 14 - Nov - 2024 12 Min 47 Sec 16/30
  • U
    Uzair Ahmad 16 - Jun - 2023 13 Min 31 Sec 16/30
  • H
    Hammad Akram 18 - Apr - 2023 28 Min 09 Sec 16/30
  • A
    Arsalan Haider 11 - Jan - 2024 13 Min 52 Sec 15/30
  • A
    Amna Mawaz 19 - Jul - 2024 05 Min 56 Sec 14/30
  • H
    Hira Bukhari 08 - May - 2023 06 Min 20 Sec 14/30

PPSC Economics Important MCQ's

Sr.# Question Answer
1 The Central Bank controls money and credit with the exception of.
A. Controlling the money base through open market operations
B. Controlling reserve requirements
C. Setting the discount rate of interest
D. controlling the stock market
2 Objectivity, generality, systematic and quality are the characteristics of.
A. Case study
B. Projective technique
C. Narrative method
D. Content analysis
3 In the period of Zia ul Haq the nationalized enterprises went on.
A. Loss
B. Profit
C. Developing
D. None of these
4 The Keynesian theory is consistent with the business cycle fact that inflation is
A. Procyclical and leading
B. Procyclical and lagging
C. Countercyclical and leading
D. All of these
5 Consider the five panels of the figure on the previous page in which panel would fiscal policy be the strongest.
A. Panel b
B. Panel c
C. Panel a
D. Panel d
6 The agricultural price support program is an example of.
A. A price celling
B. A price floor
C. Equilibrium pricing
D. None of these
7 An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
A. Reduce , reduce
B. Reduce , increase
C. Increased, increased
D. Increases, reduces
8 Ad valorem tariffs are collected as
A. Fixed amounts of money per unit traded
B. A percentage of the price of the product
C. A percentage of the quantity of imports
D. All of the above
9 A state of government bonds by the central bank should cause
A. Bond prices to rise
B. an increase in the supply of money
C. An increase in chartered banks loans
D. A decrease in reserves of the banking system.
10 Which of the following is true.
A. If the marginal cost is greater than the average cost the average cost fallls.
B. If the marginal cost is greater than the average cost the average cost increases.
C. If the marginal cost is positive total costs are maximized
D. If the marginal cost is negatives total costs increase at a decreasing rate if output increases

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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