June 30, 2021 |

PPSC FPSC Lecturer Economics Online Test 27 Solved MCQs

Given below on this Website Online Free Taleem is free online MCQ’s test related to PPSC of Lecturer Economics. All the individuals who are going to appear in PPSC Lecturer of Economics written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Economics, all Past Papers of Lecturer of Economics PPSC that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

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Test Instructions:-
Test Name	Lecturer Economics
Subject	Economics Test 27
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

PPSC LECTURER OF ECONOMICS ONLINE PRACTICE TEST NO. 27

1 / 25

Which theory have been presented to address the issue of inflation:

Demand Pull Inflation

Philips Curve Approach to Inflation

All of the above

Cost Push Inflation

2 / 25

There is ...................relationship between consumption and income:

Negative

Positive

None of the above

3 / 25

MPC + MPS =

4 / 25

According to Keynes investment function describe the relationship between .................. and ........................

Investment, Interest rate

None of the above

Consumption, Income

Investment, Income

5 / 25

Which school of thought is against government intervention in economy:

Both a and b

None of the above

Monetarist Macro-economists

Keynesian Macro-economists

6 / 25

Demand for labor function describe te relationship between .....................and ........................

Real wages, demand for labor

Price, Demand for labor

output, demand for labor

Nominal wages, demand for labor

7 / 25

Law of Okun describes the relationship between ................and ..............................

IS and Fall in employment

Output growth and fall in employment

Output growth and fall in unemployment

output growth and IS

8 / 25

According to Keynes income function describes the relationship between ................ and ...................

Investment, Income

None of the above

Saving, Income

Consumption, Income

9 / 25

Macroeconomic tools which stabilize economy are ............... and ..................

Monetary Policy, Trade policy

Fiscal Policy and Foreign Policy

Fiscal Policy, Monetary Policy

None of the above

10 / 25

Monetarists prefer .................. over fiscal policy for macroeconomic stabilization:

Trade policy

education policy

Health policy

Monetary policy

11 / 25

Average Propensity to consume (APC) is equal to ....................divided by ..............

Interest rate, Consumption

Interest rate, income

Consumption, Income

Income, Consumption

12 / 25

Marginal Propensity to consume is equal to change in .............. divided by change in ..........................

Income, Consumption

Interest rate, Consumption

Interest rate, income

Consumption, Income

13 / 25

In Capitalist countries along with inflation .................. problems have been experienced which triggered the concept of Macroeconomic stabilization:

Unequal distribution of income

All of the above

BOP deficit and trade cycle

Mis-allocation of resources

14 / 25

Consumption function describe the relationship between .................... and ...................

None of the above

Consumption Saving

Consumption, Income

interest rate and income

15 / 25

In 1960s the major issue of economy was:

Inflation

Both a and b

Output

None of the above

16 / 25

Marginal Propensity to save (MPS) is equal to change in ......................... divided by change in:

Saving, Investment

Saving, Income

None of the above

Consumption, income

17 / 25

Modern Macro economist have also established the relationship between ...........................and ...........................

AS and IS

AD and IS

IS and Philips Curve

AS and Philips Curve

18 / 25

Keynesian prefer ...................over monetary policy for macroeconomic stabilization:

Fiscal policy

Trade policy

Health policy

education policy

19 / 25

Production Function describe the relationship between................and ...............

None of the above

Investment, Income

output, price

Labor, Output

20 / 25

According to Prof. Clark investment is the function of:

Both a and b

Income

interest rate

None of the above

21 / 25

The major of issue of 1930s was:

Both a and b

output

None of the above

umemployment

22 / 25

During 1960s the problem of inflation was experienced in ........................ countries:

Communist

Capitalist

Democratic

All of the above

23 / 25

Which school of thought is in the support of government intervention in economy:

None of the above

Keynesian Macro-economists

Monetarist Macro-economists

Both a and b

24 / 25

Average propensity to save is equal to ............... divided by...............

Saving, Income

None of the above

Saving, Investment

Consumption, income

25 / 25

There is ....................relationship between saving and income:

None of the above

Negative

Positive

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