Lecturer Economics Important MCQs online Test No. 46

Leave a Comment / By Hassan / April 26, 2022

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 46
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Economics Online Test No. 46

1 / 25

Adam Smith was a:

Was a saint

A modern economist.

Good sports man

Classical economist

2 / 25

Three basic economic problems.

What, how and for whom

Why, where, and when

What, which and how much

What, which, why

3 / 25

In economics, assumptions:

Make economic theory useless.

Mean other things equal

Enable economists to simplify reality

Used in micro and not in macroeconomics.

4 / 25

Which statements is true? (only one answer is true).

Economics is a physical and normative science.

Economics is a social and natural science.

Economics is physical and positive science.

Economics is a social and normative science.

5 / 25

He described economics as a science of material welfare.

Robbins

Marshall

Ricardo

Keynes

6 / 25

Basic economic problem is:

Inflation

Unemployment

Poverty

Scarcity

7 / 25

Marshall wrote the book.

Introduction to economics

Principles of economics

Classical economics

Microeconomics theory

8 / 25

Macroeconomic deals with.

How to buy groceries

Aggregate economic activity

Establishment of a new firm.

Industrial activity

9 / 25

Which statement relates to macroeconomics.

Oil prices are rising in Pakistan.

Profit rate is high in textile industry.

The firms try to make huge profits.

The government has failed to control inflation.

10 / 25

Robbins in his definition.

Talks of scarcity of resources

Preaches moral values.

Advises neutrality in economics.

None of the above

11 / 25

Father of political economy.

Adam smith

Robbins

Malthus

Marshall

12 / 25

"Wealth of nation":

Is another name for united nations?

Is a book

Indicates total wealth of rich countries.

Contains formulas to earn wealth.

13 / 25

Economic laws:

Must be followed

Are heated by people

Have economic behavior of people

Are unscientific.

14 / 25

Economic problems arise because of:

Greed

Scarcity

Dishonesty

Laziness

15 / 25

Scarcity exists.

In only poor countries

In a country that uses resources inefficiently.

In all countries of the world

When society produces unimportant or silly goods.

16 / 25

Economic laws are:

Exact

Approximate

Brief

Definite

17 / 25

Normative economics:

Deals solely with the facts.

Is never studied in colleges.

Involves opinions and interpretations

Is clearly preferable to positive economics.

18 / 25

A positive statement.

Concerns what is

Is always accurate.

deals with values and opinions.

Cannot be tested in the real world.

19 / 25

Economics is a science.

Spiritual

Social

Dismal

Moral

20 / 25

Economics:

Is more important than mathematics.

Is a social science

Should be made compulsory for every student.

Is difficult to study

21 / 25

Ceteris paribus means.

Other things equal

All variables are independent.

All relationships are inverse.

That no other assumptions are made.

22 / 25

Marshall in his definition of economics.

Uses the concept of material welfare

Dislikes wealth

Accuses Adam Smith

Praises Robbins

23 / 25

Economic laws are:

Scientific

Moral

Natural

Unreal

24 / 25

Economic theory means.

Economic policy

Economic principles

Advises neutrality in economics.

None of the above

25 / 25

Microeconomics concentrates.

On inflation

International economic relations.

Individual economic units

Economic development of Pakistan

Your score is

The average score is 0%

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