PPSC FPSC Lecturer Economics Online Test 18 Solved MCQs

Leave a Comment / By Hassan / June 25, 2021 June 25, 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 18
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. 18

1 / 25

Economies of scale represents the

Positive average cost

Constant average cost

Rising average cost

Falling average cost

2 / 25

Utility is defined as

All of the above

Constraint

Prefrences

Satisfaction

3 / 25

Cardinal Approach implies that

None of the above

Utility cannot be measured

Utility is measurable in monetary terms

Utility is measurable in terms of number of goods consumed

4 / 25

The opportunity cost of a good refers the

The others goods sacrificed to get another unit of that good

The expenditure on a good

The time lost in finding it

Loss of interest in using savings

5 / 25

Which group shows the basic factors of production?

Land, Labour, Capital, Technology

Land, Labour, Natural Resources, Capital

Land, Management Skills, Capital, Technology

Land, Labour, Capital, Enterprise

6 / 25

What is economics?

Management of resources only.

Maximization of utility.

Management of scarce resources to maximize utility

None of the above

7 / 25

Points on the Production Possibilities Frontier are

Unattainable

Efficient

Inefficeint

None of the above

8 / 25

Ceteris Paribus is defined as

Both of the above

Everything is variable

None of the above

Other things are equal/constant

9 / 25

Microeconomics is related to

The whole economy

The individual economic behavior

None of the above

The household purchase decisions

10 / 25

Short run is the time period in which

All factors of production are fixed

Variable factors of production can change

None of the above

All factors of production can change

11 / 25

According to cardinal approach of consumer behavior, Consumer is

Rational

Irrational

None of the above

Varies person to person

12 / 25

In cardinal approach of consumer behavior marginal utility of money is

incresing

decreasing

Varies with time and situation

constant

13 / 25

The term capitalism refers the

Private ownership of capital goods

Use of markets

State ownership of capital goods

State and Private ownership of capital goods

14 / 25

Economic growth is Illustrated as

Movement from inside the curve towards the curve

Production Possibilities Frontier shifts outwards

Production Possibilities Frontier shifts inwards

Movement along the production possibilities Frontier towards capital goods

15 / 25

Political economist

Politician

Sociologist

None of the above

Political economist

16 / 25

Long run is a period in which

All factors of production can change

Labour can not be chnaged

Only one factor of production is fixed

Capital can not be changed

17 / 25

The author of the book "The Wealth of Nations" is

Alfred Marshall

J.M Keynes

David Ricardo

Adam Smith

18 / 25

"The Wealth of Nations" was published in

1776

1976

1676

1876

19 / 25

The theories of consumer behavior explains that

How to maximize utility without considering budget constraint

How to maximize utility from consuming goods/services within in the limit of budget

How to allocate budget without considering utility maximization

All of the above

20 / 25

Which of the following is considered as a factor of production?

Traders

Land and Labour

Unskilled Labour

21 / 25

David Ricardo coined the concept of

Diminishing Returns

Partial Equlibrium

Invisible Hand

General Equilibrium

22 / 25

The fundamental economic problem is

nflation

Scarcity

Unemployment

Poverty

23 / 25

Theory of choice is about

Market Structure

Production

Cost of Production

Preferences of People

24 / 25

There are two theories of consumer behavior i.e.

Utility Theory

Cardinal approach

Cardinal approach & Ordinal approach

Budget constraint Theory

Ordinal approach

25 / 25

The concept of Invisible hand was coined by

Adam Smith

J.M Keynes

Alfred Marshall

David Ricardo

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