FPSC Lecturer Economics mcqs

PPSC Lecturer Economics Test 2 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 Name	Lecturer Economics
Subject	Economics Test 2
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 2

1 / 25

Ceteris paribus means:

That no other assumptions are made

All relationships are inverse

Other things equal

All variables are independent

2 / 25

Consumption spending does not include:

Household’s purchases of stock in any XYZ corporation

Household’s purchases of food

Household’s purchases of a career

Household’s payment of rent for an apartment

3 / 25

Microeconomics concentrates:

On inflation

Individual economic units

International economic prelateship

Economic development of Pakistan

4 / 25

Which is most likely to cause a more even distribution of income:

An increases in an rate of inflation

An increases in indirect taxes

An increases in managers’ salaries

An increases in progressive taxation

5 / 25

A positive statement:

Cannot be tested in the real world

Concerns "What is"

Deals with values and opinions

is always accurate

6 / 25

Population growth rate in Pakistan is:

4 %

1.9 %

1.73 %

1 %

7 / 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

8 / 25

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

Final goods

Capital goods

Surplus goods

Intermediate goods

9 / 25

David Ricardo coined the concept of:

General Equilibrium

Invisible Hand

Diminishing Returns

Partial Equilibrium

10 / 25

Normative economics:

Deals solely with the facts

Is clearly preferable to positive economics

involves opinions and interpretations

Is never studied in colleges

11 / 25

GNP is ?

Total sales in the economy

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

Total spending in an economy

Total monetary transactions in an economy

12 / 25

Which of the following would increase national income:

Increases in govt spending

Increases in taxation

Decreases in consumption spending

Increase in savings

13 / 25

Scarcity exists:

In all countries of the world

In only poor countries

In a country that uses resources inefficiently

When society produce unimportant or silly goods

14 / 25

Adam Smith was also a:

None of the above

Political economist

Politician

Sociologist

15 / 25

Pakistan’s saving rate is:

5 %

25 %

35 %

14.4 %

16 / 25

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

Consumption

GNP

NNP

17 / 25

Which of the following is a withdrawal from the circular flow income strem:

Subsidies

Investment

consumption

Taxation

18 / 25

According to the Economic Survey of Pakistan 2008-09 Pakistan’s per capita income is U.S. dollars:

1520

320

950

1046

19 / 25

In the world population-wise Pakistan is:

8th

6th

3rd

4th

20 / 25

In economics, assumptions:

Make economic theory useless

Mean other things equal

Enable economist to simplify reality

Used in micro and not in macroeconomics

21 / 25

Net Investment is:

Gross Investment minus govt.

Gross Investment minus household Invesment

Gross investment minus capital consumption allowance

None of the above

22 / 25

The concept of Invisible hand was coined by:

Alfred Marshall

Adam Smith

J.M Keynes

David Ricardo

23 / 25

Basic economic problem is:

Unemployment

Scarcity

Lack of money

Inflation

Poverty

24 / 25

GNP includes:

A loan from one’s parents

A loan from bank

A broker’s commission

Gifts and donations

25 / 25

What is Economics?

None of the above

Maximization of utility

Management of resources only

Management of scarce resources to maximize utility

Your score is

The average score is 67%

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