Lecturer Economics MCQs

PPSC Lecturer Economics Test 3 Online Preparation 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 3
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 Practice Test 3

1 / 25

When the nation’s money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of money is:

4 billion rupees

0.25

0.4

2 / 25

Input-Output isoquant shows the……………..substitutability of factors of production:

Perfect

Limited

Continuous

3 / 25

Efficiency parameter in production function refers to the ………efficiency:

Entrepreneurial-organizational

Capital

Labor

Land

4 / 25

Contribution of agriculture in Pakistan’s national income is:

24%

20%

26%

5 / 25

Economic development is measured on the basis of:

Increases in government revenue

Increases in real GNP

Increases in nominal GNP

Increases in personal incomes

6 / 25

Which property the paper money dose not possession:

Durability

Acceptability

Divisibility

Portability

7 / 25

Returns to scale refers to the ………………..analysis of laws of production:

Both a & b

Short-run

None of the above

Long-run

8 / 25

The elasticity of substitution of factors is defined as the percentage change in………… divided by the percentage change in……………..

capital-Labor ratio, rate of technical substitution

rate of technical substitution, capital-labor ratio

marginal product of labor, marginal product of capital

labor, capital

9 / 25

There is concept of ………………in traditional Theory of Cost:

Excess Capacity

Constant level of Capacity

Reserve Capacity

None of the above

10 / 25

Theory of choice is about:

Production

Preferences of People

Cost of Production

Market Structure

11 / 25

Government of Pakistan issues currency on the basis of:

Demand for money in the country

Tax collection

Availability of dollar in the country

Availability of gold in the country

12 / 25

Pakistan produces.....................of its oil requirements:

35%

25 %

45%

13 / 25

The govt. can control inflation by:

Increasing money supply

Increasing supply of goods

Increasing demand for goods

Decreasing taxes

14 / 25

Law material bears …………………relation to output at all level of production:

Constant

Increasing

Decreasing

15 / 25

Velocity of circulation of money means:

the number of times a unit of money changes hands value

the number of times a unit of money changes hands monthly

the number of times a unit of money changes hand’s daily

the number of times a unit of money changes hands annually

16 / 25

Size of Pakistan’s 8th plan was in .................rupees:

2700 billion

3700 billion

1700 billion

700 billion

17 / 25

Pakistan started its first five-year plan in:

1960

1947

1955

1950

18 / 25

Kinked isoquant shows the ……………..substitutability of factors of production:

Continuous

Limited

Perfect

19 / 25

Marginal product is defined as the change in ………….due to change in…………..

None of the above

Both a & b

Input factors, Output

Output, Input factors

20 / 25

Contribution of industrial sector in Pakistan economy is:

28%

undetermined

21 / 25

Working population is.............................percent of total population of Pakistan:

30%

40%

50%

20%

22 / 25

Cost functions are derived from…………….

Production function

Utility function

None of the above

Both a & b

23 / 25

Economic development:

Exists when there is equal distribution of income

Means improvement in lifestyle

All of the above

it same is as economic growth

24 / 25

The Slope of the isoquant is called:

rate of technical substitution

Marginal product of labor and capital

Both a & b

None of the above

25 / 25

Linear isoquant shows the……………….substitutability of factors of production:

Continuous

Limited

Perfect

Your score is

The average score is 62%

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