PPSC Lecturer Economics Test 3 Online Preparation MCQs

7 Comments / By Hassan / September 5, 2020

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 3
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 Practice Test 3

1 / 25

Pakistan produces.....................of its oil requirements:

35%

45%

25 %

2 / 25

Efficiency parameter in production function refers to the ………efficiency:

Capital

Land

Entrepreneurial-organizational

Labor

3 / 25

The govt. can control inflation by:

Increasing demand for goods

Increasing money supply

Increasing supply of goods

Decreasing taxes

4 / 25

Economic development is measured on the basis of:

Increases in personal incomes

Increases in government revenue

Increases in nominal GNP

Increases in real GNP

5 / 25

Government of Pakistan issues currency on the basis of:

Demand for money in the country

Availability of dollar in the country

Availability of gold in the country

Tax collection

6 / 25

Law material bears …………………relation to output at all level of production:

Increasing

Decreasing

Constant

7 / 25

Cost functions are derived from…………….

Utility function

None of the above

Both a & b

Production function

8 / 25

Economic development:

All of the above

Exists when there is equal distribution of income

it same is as economic growth

Means improvement in lifestyle

9 / 25

Contribution of industrial sector in Pakistan economy is:

undetermined

28%

10 / 25

Marginal product is defined as the change in ………….due to change in…………..

Both a & b

Input factors, Output

Output, Input factors

None of the above

11 / 25

Which property the paper money dose not possession:

Durability

Divisibility

Portability

Acceptability

12 / 25

Size of Pakistan’s 8th plan was in .................rupees:

1700 billion

2700 billion

700 billion

3700 billion

13 / 25

Contribution of agriculture in Pakistan’s national income is:

24%

20%

26%

14 / 25

Pakistan started its first five-year plan in:

1947

1960

1955

1950

15 / 25

There is concept of ………………in traditional Theory of Cost:

Constant level of Capacity

Reserve Capacity

None of the above

Excess Capacity

16 / 25

Velocity of circulation of money means:

the number of times a unit of money changes hands monthly

the number of times a unit of money changes hands value

the number of times a unit of money changes hands annually

the number of times a unit of money changes hand’s daily

17 / 25

The Slope of the isoquant is called:

None of the above

rate of technical substitution

Both a & b

Marginal product of labor and capital

18 / 25

The elasticity of substitution of factors is defined as the percentage change in………… divided by the percentage change in……………..

labor, capital

capital-Labor ratio, rate of technical substitution

rate of technical substitution, capital-labor ratio

marginal product of labor, marginal product of capital

19 / 25

When the nation’s money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of money is:

0.25

0.4

4 billion rupees

20 / 25

Input-Output isoquant shows the……………..substitutability of factors of production:

Perfect

Continuous

Limited

21 / 25

Linear isoquant shows the……………….substitutability of factors of production:

Perfect

Limited

Continuous

22 / 25

Working population is.............................percent of total population of Pakistan:

30%

40%

20%

50%

23 / 25

Theory of choice is about:

Preferences of People

Market Structure

Production

Cost of Production

24 / 25

Kinked isoquant shows the ……………..substitutability of factors of production:

Continuous

Perfect

Limited

25 / 25

Returns to scale refers to the ………………..analysis of laws of production:

Both a & b

None of the above

Long-run

Short-run

Your score is

The average score is 0%

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7 thoughts on “PPSC Lecturer Economics Test 3 Online Preparation MCQs”

salah
November 9, 2021 at 11:44 pm

13MCQS; linear isoquant means perfect substitutability, then how it is possible for 24 MCQS that kinked isoquant also assume perfect substitutability?
Kinked isoquant means limited substitutability not perfect.

Reply
kainat
October 19, 2020 at 7:35 pm

in kiked demand curve there is limited substituteability of FOP

Reply
1. gillani786
  October 19, 2020 at 8:02 pm
  
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  Reply
Mehpara Javed
October 11, 2020 at 10:56 pm

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Reply
1. gillani786
  October 12, 2020 at 9:10 am
  
  Allah Ap ko Bhe Khush rakhay aur kamiybian dy……………..Hosla Afzaai ka Bhaut Bhaut Shukria. Thanks
  
  Reply
Nuzhat
September 22, 2020 at 4:51 pm

Excellent effort

Reply
1. gillani786
  September 22, 2020 at 5:04 pm
  
  Bhaut Shukria
  
  Reply