PPSC FPSC Lecturer Economics Online Test 40 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.


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.
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Test Instructions:-
Test NameLecturer Economics 
SubjectEconomics Test 40
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.


1 / 25

Government planners play a central role in allocating resources:

2 / 25

The economic system used in former U.S.S.R is best described as:

3 / 25

Consumers play a central role in allocating resources:

4 / 25

Traditionally, there was no difference between price and:

5 / 25

The book 'wealth of nations' was written by:

6 / 25

The production possibility curve is concerned with:

7 / 25

The water diamond paradox was firstly resolved with the help of:

8 / 25

Diamond has higher marginal valuation for consumer and higher marginal costs for producers, so its price is:

9 / 25

The study of economics just in theoretical way is called .......................... economics:

10 / 25

Economic incentives are important:

11 / 25

According to World bank, first priority should be given to:

12 / 25

In China during the early 1990s:

13 / 25

Which is not a major aspect of transition of socialist to market economies?

14 / 25

Consumers in the former Soviet Union:

15 / 25

According to Saint Thomas Acquinis value is determined by God, but prices by:

16 / 25

The study of economics for the sake of certain objective is called ............... economics:

17 / 25

According to Karl Marx, people should be rewarded so:

18 / 25

Economic theory deals with:

19 / 25

Former socialist economies that are moving to free market capitalism have experienced:

20 / 25

The 'soft budget constraint' of Soviet enterprises was:

21 / 25

The concept of property rights in an economic system has to do with the:

22 / 25

In an administrative-command economy:

23 / 25

Karl Marx had faith in:

24 / 25

Law of variable proportions concerned with:

25 / 25

The price of any commodity under market mechanism is determined by forces of:

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