PPSC FPSC Lecturer Economics Online Test 29 Solved MCQs

Leave a Comment / By Hassan / July 1, 2021

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.

Please Click Below START Button to Take this Lecturer Economics Test Online.

Test Instructions:-
Test Name	Lecturer Economics
Subject	Economics Test 29
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. 29

1 / 25

National Income is defined as the........

the total amount of money earned within a country

All of the above

Gross national product (GNP) is an estimate of total value of all the final products and services produced in a given period by the means of production owned by residents of a country

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a borders of a country in a specific time period

2 / 25

Closed economy implies that there is no ............... in country:

Saving

Trade

All of the above

Investment

3 / 25

GDP (Y) = Consumption (C) + Investment (I) + Govt. Expenditures (G) + Net Exports (NX(X-M)):

It is a closed economy equation

Both a and b

None of the above

It is an open economy Equation

4 / 25

Utility and usefulness are:

different

similar

equal

unrelated

5 / 25

Economic law:

is unscientific

is hated by people

must be followed

show economic behavior of people

6 / 25

Father of political economy

Samuelson

Malthus

Adam Smith

Marshall

7 / 25

One or more persons living together and having a common budget is called:

organisation

household

a family

all commodities in house

8 / 25

NI =

NNP- Indirect Taxes

NNP + Indirect Taxes - Subsidies

NNP + Subsidies

NNP- Indirect Taxes + Subsidies

9 / 25

DPI stands for......

Disposable Permanent Investment

Disposable Permanent Income

Disposable Personal Investment

Disposable Personal Income

10 / 25

"Wealth of Nations" was written in:

1776

1676

1876

1976

11 / 25

Market system means:

a place where goods are traded

socialism

capitalism

all of them

12 / 25

Who described economics as a science of material welfare?

Ricardo

Marshall

Robbins

Keynes

13 / 25

GNP is defined as the..............

Gross national product (GNP) is an estimate of total value of all the final products and services produced in a given period by the means of production owned by residents of a country

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a borders of a country in a specific time period

the total amount of money earned within a country

All of the above

14 / 25

Economics:

none of them

should be made compulsory for every student

is more important than mathematics

is a social science

15 / 25

A positive statement:

concerns 'what is'

cannot be tested in the real world

is always accurate

deals with values and opinions

16 / 25

NNP =

GNP - Depreciation Allowance

GNP + Depreciation Allowance

GDP + Depreciation Allowance

GDP - Depreciation Allowance

17 / 25

GNP =

GDP - Foreign Remittances

NI + Foreign Remittances

NI - Foreign Remittances

GDP + Foreign Remittances

18 / 25

GDP is defined as the......

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a borders of a country in a specific time period.

the total amount of money earned within a country

All of the above

Gross national product (GNP) is an estimate of total value of all the final products and services produced in a given period by the means of production owned by residents of a country

19 / 25

PI =

NI + Transfer Payments

NI + Transfer Payments - Tax on Profit - Undistributed Profit

NI + Transfer Payments - Tax on Profit

20 / 25

In economics, assumptions:

make economic theory useless

used in micro and not in macroeconomist

enable economists to simplify reality

mean other things equal

21 / 25

"Everyone should study economics":

is nonsense

is a normative statement

is a positive statement

is a true statement

22 / 25

Normative economics:

is never studied in colleges

is clearly preferable to positive economics

involves opinions and interpretations

deals solely with the facts

23 / 25

DPI =

PI - Personal Direct Taxes

PI - Personal indirect taxes

Personal Taxes

24 / 25

Economics laws are:

definite

brief

approximate

exact

25 / 25

Adam Smith was a:

good sports man

a modern economist

Saint

classical economist

Your score is

The average score is 0%

PPSC FPSC Lecturer Economics Online Test 29 Solved MCQs

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