PPSC FPSC Lecturer Economics Online Test 20 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 NameLecturer Economics 
SubjectEconomics Test 20
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
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You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.


PPSC LECTURER OF ECONOMICS ONLINE PRACTICE TEST NO. 20

1 / 25

Price elasticity is measured by two formulas called ............ and ..............

2 / 25

In long run usually price elasticity of demand is:

3 / 25

If elasticity of demand lies between 1 and infinity, the demand of a goods is:

4 / 25

The necessary condition for consumer equilibrium for two commodities is:

5 / 25

If elasticity is equal to infinity, Demand is:

6 / 25

Cross elasticity is measured as:

7 / 25

Income elasticity of demand of a commodity is defined as the responsiveness of its demand due to change in:

8 / 25

Point elasticity is used when change in price is:

9 / 25

Price elasticity of demand of a good is defined as the responsiveness of its demand due to change in:

10 / 25

In case of necessary goods, price elasticity of demand is:

11 / 25

The sufficient condition for two commodities for consumer equilibrium is that:

12 / 25

Cross elasticity of demand of a good is defined as the responsiveness of its demand due to change in:

13 / 25

Budget line shows the................ of consumer, when price of two commodity is given:

14 / 25

If close substitutes of a goods are available, demand for good is:

15 / 25

In ordinal approach, consumer is in equilibrium when:

16 / 25

If elasticity is equal to 1, Demand is:

17 / 25

Income elasticity is measured as:

18 / 25

Arc elasticity is used when change in price is:

19 / 25

In case of luxury goods, price elasticity of demand is:

20 / 25

If elasticity is equal to 0, Demand is:

21 / 25

If elasticity of demand lies between 0 and 1, the demand of a goods is:

22 / 25

Arc elasticity is also known as .............. elasticity:

23 / 25

Formula of Arc elasticity is:

24 / 25

Formula of point elasticity or general price elasticity is:

25 / 25

If elasticity is equal to 0, Demand curve is:

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