PPSC Lecturer Economics Test 8 Online Preparation MCQs

Leave a Comment / By Hassan / September 17, 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 8
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 8

1 / 25

In order to maximize profits, a monopoly company will produce that quantity at which the:

price equals marginal revenue

total revenue equals total cost

marginal revenue equals marginal cost

marginal revenue equals average total cost

2 / 25

If we compare GDP and GNP, then:

GNP= NNP- net income from abroad

GNP= GDP+ net income from abroad

GNP= GDP- net income from abroad

GNP= NNP+ net income from abroad

3 / 25

The demand for labor slopes down and to the right because of:

the law of demand

the iron law of wages

the law of diminishing marginal returns

economies of scale

4 / 25

Net Investment is:

None of the above

Gross invesment minus capital consumption allowance

Gross Investment minus household Invesment

Gross Investment minus govt.

5 / 25

Which of the following is true about the way by which SDG&E has been regulated by the PUC?

All of the above

The profits of SDG&E are calculated as a percent of the value of the capital goods

When the demand for electricity would fall, the price of electricity would also fall

SDG&E has been allowed to earn very high economic profits

6 / 25

Compared to the case of perfect competition, a monopolist is more likely to:

all of the above

make a greater amount of economic profit

charge a higher price

produce a lower quantity of the product

7 / 25

Which statement is true:

National Expenditure= National income+ National production

National expenditure= National income

National Expenditure= National income+ National Taxes

National Expenditure= National income- Taxes

8 / 25

In order to practice price discrimination, which of the following is needed?

all of the above

some degree of monopoly power

an ability to separate the market

an ability to prevent reselling

9 / 25

Transfer payment means:

Bank loans

Text payments

Payments made to all factors of production

The payment without work

10 / 25

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

add up all savings

to add up the values of goods and services during one year.

to add up the value of semi finished goods

to count all imports

11 / 25

Which of the following is necessary for a natural monopoly?

economies of scale

a high proportion of the total cost is the cost of capital goods

the market is very small

all of the above

12 / 25

Which of the following concepts represents the extra revenue a firm receives from the services of an additional unit of a factor of production?

marginal revenue2.

marginal revenus product

marginal physical product

total revenue

13 / 25

A TV set purchased from a retail store is an example of:

Intermediate goods

Final goods

Capital goods

Surplus goods

14 / 25

GNP includes:

A loan from bank

A loan from one’s parents

Gifts and donations

A broker’s commission

15 / 25

In pure monopoly, what is the relation between the price and the marginal revenue?

they are equal

there is no relation

the price is greater than the marginal revenue

the price is less than the marginal revenue

16 / 25

GNP is ?

The market values of all goods and services produced in an economy

Total monetary transactions in an economy

Total spending in an economy

Total sales in the economy

17 / 25

Market value of all final goods and services produced in a country during a year is defination of:

Consumption

NNP

GNP

18 / 25

The four factor payment are:

Wages, rent, interest and profits

Wages, interest, salaries, and income

Money, capital, salaries and income

Money, power, preset age, and wealth

19 / 25

In price discrimination, which section of the market is charged the higher price?

the section with the oldest people

the section with the most elastic demand

the section with the richest people

the section with the most inelastic demand

20 / 25

The demand for labor will be more elastic if:

the demand for the product is relatively inelastic

labor is a large percent of the total cost of production

all of the above

there are few substitutes for labor

there is a short time under consideration

21 / 25

We measure national income by this method:

Expenditure method

all of the above

product method

income method

22 / 25

GNP is always:

less then NNP

Equal to NNP

Grater then NNP

Any of a, b, c

23 / 25

Which of the following is a characteristic of pure monopoly?

low barriers to entry

close substitute products

perfect information

one seller of the product

24 / 25

Which of the following best defines price discrimination?

charging different prices for goods with different costs of production

charging different prices on the basis of race

charging different prices based on cost-of-service differences

selling a certain product of given quality and cost per unit at different prices to different buyers

25 / 25

The demand for labor is the same as the:

marginal revenue product

wage

marginal physical product

marginal cost

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PPSC Lecturer Economics Test 8 Online Preparation MCQs

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