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.
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 Name Lecturer Economics 
Subject Economics Test 40
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100

You have 20 minutes to pass to the quiz.


1 / 25

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

2 / 25

In an administrative-command economy:

3 / 25

Government planners play a central role in allocating resources:

4 / 25

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

5 / 25

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

6 / 25

Economic incentives are important:

7 / 25

In China during the early 1990s:

8 / 25

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

9 / 25

The 'soft budget constraint' of Soviet enterprises was:

10 / 25

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

11 / 25

Economic theory deals with:

12 / 25

Traditionally, there was no difference between price and:

13 / 25

According to Karl Marx, people should be rewarded so:

14 / 25

Karl Marx had faith in:

15 / 25

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

16 / 25

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

17 / 25

Consumers play a central role in allocating resources:

18 / 25

Consumers in the former Soviet Union:

19 / 25

The production possibility curve is concerned with:

20 / 25

Law of variable proportions concerned with:

21 / 25

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

22 / 25

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

23 / 25

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

24 / 25

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

25 / 25

The book 'wealth of nations' was written by:

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