PPSC Lecturer Economics Test 1 Online Preparation 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.

Please Click Below START  Button to Take this Lecturer Economics Test Online.

Test Instructions:-
Test NameLecturer Economics 
SubjectEconomics Test 1
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

PPSC Lecturer of Economics Practice Test 1

1 / 25

Economics laws are:

2 / 25

Economics problems arise because of:

3 / 25

. The fundamental economic problem faced by all societies is:

4 / 25

Economics laws are:

5 / 25

Economics is a science:

6 / 25

To determine the correct level of GNP, it is necessary to:

7 / 25

Which statement is true? (Only one answer is true):

8 / 25

Choose the correct one:

9 / 25

The four factor payment are:

10 / 25

Community Colleges desired to increase revenues. They decided to raise fees paid by students with Bachelors degrees to $50 per unit because they believed this would result in greater revenues. But in reality, total revenues fell. Therefore, the demand for Community College courses by people with Bachelors degrees must have actually been:

11 / 25

GNP is always:

12 / 25

The bowed shape of the production possibilities curve illustrates:

13 / 25

Which statement relates to macroeconomics?

14 / 25

The price elasticity of demand is the:

15 / 25

We measure national income by this method:

16 / 25

If we compare GDP and GNP, then:

17 / 25

If you were working full-time now, you could earn $20,000 per year. Instead, you are working part-time while going to school. In your current part-time job, you earn $5,000 per year. At your school, the annual cost of tuition, books, and other fees is $2,000. The opportunity cost of completing your education is:

18 / 25

The demand for a product would be more inelastic:

19 / 25

"Capitalism" refers to:

20 / 25

Which statement is true:

21 / 25

The law of demand states that:

22 / 25

You have taken this quiz and received a grade of 3 out of a possible 10 points (F). You are allowed to take a second version of this quiz. If you score 7 or more, you can raise your score to a 7 (C). You will need to study for the second version. In making a rational decision as to whether or not to retake the test, you should:

23 / 25

Transfer payment means:

24 / 25

There are three fundamental questions every society must answer. Which of the following is/are one of these questions?

25 / 25

He described economics as science of material:

Your score is

The average score is 96%



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