PPSC Lecturer Economics Test 14 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.

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.

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Test Instructions:-
Test NameLecturer Economics 
SubjectEconomics Test 14
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
0%

You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.


PPSC Lecturer of Economics Test 14

1 / 25

Average Variable Cost curve and Average Total Cost curve are ....................shaped:

2 / 25

Graphically, Marginal Cost curve cuts average total cost curve and Average variable cost curve from its..................point:

3 / 25

The minimum point of Average total cost curve occurs ..................the minimum point of Average Variable Cost Curve:

4 / 25

Modern cost theory introduces the concept of ..................... capacity:

5 / 25

In perfect competition, there is ...................... entry and exit of firms:

6 / 25

In perfect competition, government intervention is:

7 / 25

Perfect competition is defined as the................ of rivalry:

8 / 25

In Traditional Cost Theory, Total Cost is equal to:

9 / 25

Long Run Cost is also known as ............... cost:

10 / 25

Mathematically, Marginal Cost is equal to change in ............ divided by change in output:

11 / 25

In perfect competition The second condition of firm equilibrium is:

12 / 25

Graphically, Marginal Cost curve is slope of .....................curve:

13 / 25

In perfect competition, there is ............. mobility of factors of production:

14 / 25

If Marginal cost is equal to marginal revenue it implies that profit is:

15 / 25

In perfect competition, Firm maximizes it profit when total cost is ....................... total revenue:

16 / 25

In perfect competition, The first condition of firm equilibrium is:

17 / 25

If Marginal cost is greater than marginal revenue it implies that profit is:

18 / 25

In perfect competition the goal of firm is:

19 / 25

In perfect competition the best approach to measure profit maximization is ...................approach:

20 / 25

If marginal cost is greater than marginal revenue it implies that profit is being:

21 / 25

In perfect competition firms are price taker because of:

22 / 25

Average Variable cost is equal to:

23 / 25

In perfect Competition there is large number of:

24 / 25

Average Total Cost is equal to............

25 / 25

In Perfect Competition firms are Price:

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