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

"Everyone should study economics":

is a true statement

is a positive statement

is nonsense

is a normative statement

2 / 25

Normative economics:

deals solely with the facts

is clearly preferable to positive economics

involves opinions and interpretations

is never studied in colleges

3 / 25

Adam Smith was a:

a modern economist

classical economist

good sports man

Saint

4 / 25

Utility and usefulness are:

similar

equal

unrelated

different

5 / 25

GNP =

GDP - Foreign Remittances

NI + Foreign Remittances

GDP + Foreign Remittances

NI - Foreign Remittances

6 / 25

"Wealth of Nations" was written in:

1776

1876

1976

1676

7 / 25

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

all commodities in house

organisation

household

a family

8 / 25

In economics, assumptions:

used in micro and not in macroeconomist

make economic theory useless

enable economists to simplify reality

mean other things equal

9 / 25

DPI stands for......

Disposable Permanent Investment

Disposable Personal Investment

Disposable Permanent Income

Disposable Personal Income

10 / 25

Economics laws are:

brief

exact

definite

approximate

11 / 25

Father of political economy

Samuelson

Malthus

Marshall

Adam Smith

12 / 25

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

Investment

Trade

Saving

All of the above

13 / 25

Market system means:

a place where goods are traded

capitalism

socialism

all of them

14 / 25

Who described economics as a science of material welfare?

Robbins

Ricardo

Keynes

Marshall

15 / 25

DPI =

PI - Personal indirect taxes

Personal Taxes

PI - Personal Direct Taxes

16 / 25

National Income 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

17 / 25

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

It is a closed economy equation

None of the above

Both a and b

It is an open economy Equation

18 / 25

PI =

NI + Transfer Payments - Tax on Profit

NI + Transfer Payments - Tax on Profit - Undistributed Profit

NI + Transfer Payments

19 / 25

GDP 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

the total amount of money earned within a country

All of the above

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.

20 / 25

NNP =

GNP - Depreciation Allowance

GDP + Depreciation Allowance

GDP - Depreciation Allowance

GNP + Depreciation Allowance

21 / 25

A positive statement:

is always accurate

cannot be tested in the real world

concerns 'what is'

deals with values and opinions

22 / 25

Economics:

is more important than mathematics

should be made compulsory for every student

is a social science

none of them

23 / 25

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

the total amount of money earned within 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

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

24 / 25

NI =

NNP- Indirect Taxes

NNP + Indirect Taxes - Subsidies

NNP- Indirect Taxes + Subsidies

NNP + Subsidies

25 / 25

Economic law:

must be followed

is unscientific

is hated by people

show economic behavior of people

Your score is

The average score is 0%

PPSC FPSC Lecturer Economics Online Test 29 Solved MCQs

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