FPSC Lecturer Economics mcqs

PPSC Lecturer Economics Test 3 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.
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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

Which property the paper money dose not possession:

Durability

Portability

Divisibility

Acceptability

2 / 25

Theory of choice is about:

Cost of Production

Production

Preferences of People

Market Structure

3 / 25

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

Perfect

Limited

Continuous

4 / 25

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

Perfect

Continuous

Limited

5 / 25

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

Increasing

Constant

Decreasing

6 / 25

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

rate of technical substitution, capital-labor ratio

capital-Labor ratio, rate of technical substitution

marginal product of labor, marginal product of capital

labor, capital

7 / 25

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

Reserve Capacity

None of the above

Constant level of Capacity

Excess Capacity

8 / 25

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

Long-run

None of the above

Short-run

Both a & b

9 / 25

Cost functions are derived from…………….

Production function

Utility function

Both a & b

None of the above

10 / 25

Contribution of industrial sector in Pakistan economy is:

undetermined

28%

11 / 25

The govt. can control inflation by:

Increasing demand for goods

Increasing money supply

Increasing supply of goods

Decreasing taxes

12 / 25

Contribution of agriculture in Pakistan’s national income is:

26%

24%

20%

13 / 25

Velocity of circulation of money means:

the number of times a unit of money changes hands annually

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

the number of times a unit of money changes hands monthly

the number of times a unit of money changes hands value

14 / 25

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

45%

35%

25 %

15 / 25

The Slope of the isoquant is called:

Marginal product of labor and capital

rate of technical substitution

None of the above

Both a & b

16 / 25

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

0.4

4 billion rupees

0.25

17 / 25

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

Input factors, Output

Both a & b

Output, Input factors

None of the above

18 / 25

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

30%

20%

50%

40%

19 / 25

Economic development:

All of the above

Means improvement in lifestyle

it same is as economic growth

Exists when there is equal distribution of income

20 / 25

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

Labor

Land

Capital

Entrepreneurial-organizational

21 / 25

Pakistan started its first five-year plan in:

1955

1950

1960

1947

22 / 25

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

Continuous

Limited

Perfect

23 / 25

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

700 billion

1700 billion

2700 billion

3700 billion

24 / 25

Economic development is measured on the basis of:

Increases in nominal GNP

Increases in real GNP

Increases in government revenue

Increases in personal incomes

25 / 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

Your score is

The average score is 0%

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