PPSC FPSC Lecturer Economics Online Test 41 Solved MCQs

Leave a Comment / By Hassan / July 3, 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 41
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. 41

1 / 25

When interest rates go up, the stock market:

experiences a drop in share prices

is unaffected

also rises

also rises only if demand for bonds rises

2 / 25

If a given market basket of goods and services that cost $40 in the base period now costs $120 then the current value of the price index is:

33.3

120

300

3 / 25

The degree to which inflation redistributed income depends fundamentally upon:

the level of interest rates

how high the unemployment rate is

size of govt. Sector

ability to anticipate inflation

4 / 25

The average duration of business cycles from peak to peak is about .............. years:

5 / 25

In the course of a business cycle, a recession is followed by:

trough

recovery

expansion

depression

6 / 25

By definition, issues having to do with economic growth:

ignore productivity growth

involve how much gold a nation has

are long run in nature

cannot be affected by government

7 / 25

Which would not be included in the market basket of goods used to calculate the consumer price index?

bread

housing

steel

gasoline

8 / 25

Which is not a Bureau of Labor Statistic category used to calculate the unemployment rate?

unemployed

employed

not in the labor force

part-time unemployed

9 / 25

The redistribution of income that inflation entails depends fundamentally on:

current stage of business cycle

government programs to increase productivity to lower inflation

current rate of unemployment

correct anticipation of inflation

10 / 25

Using the information from previous question the unemployment rate is:

9.10%

10%

11.10%

11 / 25

The potential affects of inflation include all of the following except:

possible changes in real output

investment in inflation

scarce resources devoted to anticipating

income redistribution from borrowers to lenders

12 / 25

Rapid and unpredictable inflation causes business firms to waste resources guessing inflation and:

no redistribution of income

the federal budget to shrink

interest rates to fall

wasteful speculation

13 / 25

In macroeconomics economists study:

why demand and quantity demand differ

how price controls resource allocation

determination of supply

federal budget deficits

14 / 25

Karl Marx:

provided the theoretical basis for socialism

none of them

developed his theory in response to Great Depression

led the Russian revolution

15 / 25

Which is least important in study of macroeconomics?

general price level

interest rate

total output

relative prices of goods

16 / 25

During a recession the government:

spends less overall

collects more taxes

spends more on unemployment insurance

adjust spending

17 / 25

Macroeconomics is study of:

large firms and consumers

industries as a whole rather than individual firms

economy as whole

individual firms

18 / 25

The interest rate tends to:

grow steadily over time

both a and b

lower in recessions

rise during recessions

19 / 25

When inflation is positive:

average price rise

more prices rise than fall

prices rise

prices fall

20 / 25

Which of the following decades was characterized by stagflation?

1960s

1930s

1970s

1940s

21 / 25

In the early 1990s the republics of the former Soviet Union will have to survive:

lower prices

surplus products consumers cannot buy because of lack of money

lower unemployment

hyperinflation

22 / 25

Inflation leads to inefficiency in the economy:

if resources are used to predict it

All of the above

if people avid signing long-term contracts

23 / 25

The four phases of the business cycle include the:

plateau

expansion period

leverage period

acceleration phase

24 / 25

If the total adult population is 220 million and 99 million workers are employed and 11 million unemployed then the total labor force is:

110 million

220 million

11 million

99 million

25 / 25

If a given market basket of goods and services that now costs $120 only cost $110 last year then the rate of inflation this year is:

10%

8.30%

9.10%

25%

Your score is

The average score is 0%

PPSC FPSC Lecturer Economics Online Test 41 Solved MCQs

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