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PPSC FPSC Lecturer Economics Online Test 39 Solved MCQs

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There will be 25 multiple choice question in the test.
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Test Instructions:-
Test Name	Lecturer Economics
Subject	Economics Test 39
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 ONLINE PRACTICE TEST NO. 39

1 / 25

Microeconomics is also known as:

positive economics

price theory

normative economics

none of them

2 / 25

Economic planning in Pakistan is conducted by:

planning board

planning authority

planning commission

planning council

3 / 25

Soviet managers:

had incentives to reduce product quality

pursued economically efficient choices

All of the above

were left little to do under central planning

4 / 25

When a country develops:

specialization increase

urbanization rises

per capita income rises

all of them

5 / 25

A consumer wishes to utility his:

minimize

maximize

neutralize

none of them

6 / 25

In Ricardo theory of value the stress has been made on additional or:

marginal cost

variable cost

total cost

average cost

7 / 25

Which is not part of institutional arguments that characterize an economic system?

what incentives are used to motivate economic behavior

how governments officials are selected

at what level economic decisions are made

poverty is owned by individual

8 / 25

Market allocation fundamentally relies upon:

a system of relative prices

government interference

moral incentives

a belief that employees work for good of society

9 / 25

Investment rate in Pakistan is around:

38%

28%

18%

10 / 25

Rate of economic development in Pakistan will increase if:

all of them

money supply increases

saving rate increases

import increases

11 / 25

Select the combination which is most likely to be found in developing countries:

high birth rate and low GDP

low birth rate and high GDP

low infant mortality rate and high GDP

low death rate and high GDP

12 / 25

An apparently irreversible trend in China in the 1990s is:

state-run banks to print own money

reliance on moral incentives

shift from public to private production

to allow Japan to operate major industries

13 / 25

Size of Pakistan's 8th plan was in rupees:

3700 billion

1700 billion

700 billion

2700 billion

14 / 25

Pakistan produces of its oil requirements:

40%

50%

30%

20%

15 / 25

Economic planning in Pakistan started during:

1950's

1980's

1960's

1970's

16 / 25

If business managers are rewarded on the basis of how much output they create:

profit will be large

consumers will get what they want

potential for quality to suffer

productivity will increase

17 / 25

Medium-term plan covers:

5 to 10 years

less than 2 years

3 to 5 years

10 to 15 years

18 / 25

In Pakistan poverty is measured by:

difference of income in rural and urban areas

per capita income, calorie intake

difference between GNP and GDP

percentage of rural population

19 / 25

Under the Soviet system supply-demand balance was:

unsatisfactorily attempted by planners

not a major consideration of planners

left to market price movements

maintained effectively

20 / 25

There is an early belief that Socialist economy would fail because they underutilized:

labor resources

natural resources

scarce information

plants and factories

21 / 25

In a socialist economy the invisible hand:

is prevented from operating effectively

operates effectively in labor market

guides most decisions

gives misleading signals

22 / 25

Economic planning does not need:

determination of objection

fixation of plan period

change of government

estimation of resources

23 / 25

General equilibrium is concerned with simultaneous equilibrium of all the:

none of them

economic decision

economic theory

economic agents

24 / 25

As nearly as we cab estimate it, Soviet productivity growth:

was stagnant after 1965

had nothing to do with the decline of socialism

was subject to sever cycles

accelerated in 1980s

25 / 25

When resources are allocated by government planning:

both a and c

decision making is decentralized

economy is more efficient

capitalism is usually the result

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