PPSC FPSC Lecturer Economics Online Test 36 Solved MCQs

Leave a Comment / By Hassan / July 2, 2021 July 2, 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 36
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. 36

1 / 25

Marx refers to the concept of organic composition of capital. Which of the following rations stand for this capital? Constant capital = C; Variable capital = V; Surplus value = S:

C/(C+V)

C/(V+S)

(C+V)/V

C/V

2 / 25

Two economists have been particularly associated with the formulation of development with surplus labor hypothesis. One is R. Nurkse. Who is other?

W.W. Rostow

Simon Kuznets

James Duesenberry

W.W. Rostow

3 / 25

Identify the country which was the first to move to the stage of high mass consumption:

USA

Germany

France

4 / 25

Under the 'big-push' strategy of development, large investments are to be directed towards:

power

agriculture

transport

industry

5 / 25

The basic logic behind the 'big push' strategy of development is related to:

external economies

internal economies

both a and b

an optimum combination

6 / 25

In the context of which region was the 'big push' strategy of development formulated?

East Africa

South Asia

Eastern Europe

South-East Asia

7 / 25

India's First Five Year Plan was based on:

Mahalanobis

Harrod-Domar

Feldman

Leontief

8 / 25

Who put forward the theory of social dualism?

A. Lewis

A.O. Hirshman

G. Myrdal

J.H. Bocke

9 / 25

According to Keynesian economics, saving and investment are brought into equilibrium by variations in:

output

price

consumption

income

10 / 25

Which of the following policy-prescriptions for economic growth was suggested by Ricardo?

regulation of competition

Government's active participation in the economic field

control over population growth

free trade in commodities

11 / 25

Which model uses three distinct concepts of stages of growth?

Domar

Ramsey

Lewis

Harrod

12 / 25

In the Ricardian system, a crucial role in development was assigned to:

specialization

technological changes

government

profits

13 / 25

Which of the following is not correctly matched?

Development with unlimited supplies of labors: A-0, Hirschman

Big-push strategy: Paul N. Rosenstein-Rodan

Critical minimum strategy: H. Rubenstein

Balanced growth theory: R. Nurkse

14 / 25

The division of labor, according to Adam Smith is limited by:

None of above

the quantity of capital available

the extent of the market

a and b

15 / 25

Which of the following is inconsistent with Adam Smith's theory of development?

capital accumulation and market extension are two prerequisites for output expansion

there is no millet to the growth process

Development process is cumulative in nature

all of them

16 / 25

Among the various determinants of the growth of national wealth Adam Smith accorded central place to:

technology

capital

natural resources

division of labor

17 / 25

The Take-off Stage is characterized by:

quick emergence of a political, social and institutional framework to enable expansion in various fields

rise in the rate of productive investment from 5% to over 10% of national income

all of them

development of one or more substantial manufacturing sectors with a high growth rate

18 / 25

Which of the following concepts, which are now extensively used in growth economics, was first formulated by Keynes?

Marginal prosperity to consume

all of them

marginal productivity of capital

Marginal prosperity to save

19 / 25

Balanced growth implies:

different sectors growing at their natural rates of growth

simultaneous development of a variety of activities which support one another

uniform rate of growth of output over time

equal allocation of resources to different sectors

20 / 25

Which of the following statements is incorrect?

the essence of balanced growth is that the economy should advance at a steady rate with savings equal to investment

the thesis of development with unlimited supplies of labor was originally formulated by R. Nurkse

E.D. Domar assumed that full employment of labor and capital occurred simultaneously

the capital-output ratio is the inverse of the annual rate of return on productivity of capital

21 / 25

Which one of the following statements is not in tune with the Ricardian theory of growth?

profits tend to rise

money wages tend to rise

rent tends to rise

profits tend to fall

22 / 25

Development with unlimited supplies of labor hypothesis was originally formulated by:

R. Nurkse

W.A. Lewis

J. Schumpeter

Gustav Ranis

23 / 25

The second stage of the theory of demographic transition is characterized by:

high birth rate and falling death rate

high birth rate and high death rate

falling birth rate and falling death rate

low birth rate and low death rate

24 / 25

Which one of the following is not an assumption of the Ricardian theory?

fixity of land

operation of the law of diminishing returns

perfect competition

rising real wages

25 / 25

Marx gave the concept of capitalist system which keeps wages down as demand for labor increases. What is it called?

disguised unemployment

Surplus labor

under employment

Reverse army of labor

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