FPSC Lecturer Economics past papers

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.

Please Click Below START Button to Take this Lecturer Economics Test Online.

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

The concept of Invisible hand was coined by:

Adam Smith

J.M Keynes

Alfred Marshall

David Ricardo

2 / 25

Adam Smith was also a:

Sociologist

None of the above

Political economist

Politician

3 / 25

David Ricardo coined the concept of:

Diminishing Returns

Invisible Hand

General Equilibrium

Partial Equilibrium

4 / 25

Which of the following would increase national income:

Increase in savings

Increases in taxation

Increases in govt spending

Decreases in consumption spending

5 / 25

Scarcity exists:

In only poor countries

When society produce unimportant or silly goods

In all countries of the world

In a country that uses resources inefficiently

6 / 25

Ceteris paribus means:

All relationships are inverse

Other things equal

That no other assumptions are made

All variables are independent

7 / 25

Population growth rate in Pakistan is:

1 %

1.73 %

4 %

1.9 %

8 / 25

In economics, assumptions:

Make economic theory useless

Enable economist to simplify reality

Mean other things equal

Used in micro and not in macroeconomics

9 / 25

Pakistan’s saving rate is:

35 %

14.4 %

5 %

25 %

10 / 25

Net Investment is:

None of the above

Gross Investment minus household Invesment

Gross investment minus capital consumption allowance

Gross Investment minus govt.

11 / 25

A positive statement:

Deals with values and opinions

is always accurate

Cannot be tested in the real world

Concerns "What is"

12 / 25

Normative economics:

Is never studied in colleges

Deals solely with the facts

involves opinions and interpretations

Is clearly preferable to positive economics

13 / 25

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

NNP

Consumption

GNP

14 / 25

GNP is ?

Total sales in the economy

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

Total monetary transactions in an economy

Total spending in an economy

15 / 25

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

Intermediate goods

Surplus goods

Final goods

Capital goods

16 / 25

What is Economics?

Management of resources only

None of the above

Maximization of utility

Management of scarce resources to maximize utility

17 / 25

GNP includes:

A loan from bank

A loan from one’s parents

Gifts and donations

A broker’s commission

18 / 25

Basic economic problem is:

Scarcity

Inflation

Poverty

Unemployment

Lack of money

19 / 25

Microeconomics concentrates:

International economic prelateship

Individual economic units

On inflation

Economic development of Pakistan

20 / 25

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

An increases in progressive taxation

An increases in managers’ salaries

An increases in indirect taxes

An increases in an rate of inflation

21 / 25

If we compare GDP and GNP, then:

GNP= GDP- net income from abroad

GNP= NNP+ net income from abroad

GNP= GDP+ net income from abroad

GNP= NNP- net income from abroad

22 / 25

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

Subsidies

Taxation

Investment

consumption

23 / 25

In the world population-wise Pakistan is:

6th

8th

4th

3rd

24 / 25

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

950

1520

1046

320

25 / 25

Consumption spending does not include:

Household’s payment of rent for an apartment

Household’s purchases of food

Household’s purchases of a career

Household’s purchases of stock in any XYZ corporation

Your score is

The average score is 0%

Useful Links:-

PPSC Lecturer Psychology Online Tests and Past Papers

PPSC Lecturer Physical Education Online Tests and Past Papers

PPSC Lecturer English Online Tests and Past Papers

PPSC Lecturer Pak Studies Online Tests and Past papers

PPSC Lecturer Computer Science Online Tests and Past Papers

PPSC Lecturer History Online Tests and Past Papers

PPSC Lecturer Islamiat Online Tests and Past Papers

PPSC Lecturer Political Science Tests and Past Papers

PPSC Lecturer Zoology Online Tests and Past Papers

PPSC Lecturer Urdu Online Tests and Past Papers

PPSC Lecturer Chemistry Online Tests and Past Papers

PPSC Lecturer Physics Online Tests and Past Papers

PPSC Lecturer Education Online Tests and Past papers

PPSC Lecturer Economics Test 2 Online Preparation MCQs Read More »