ppsc lecturer economics syllabus

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.
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 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

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

0.25

4 billion rupees

0.4

2 / 25

Contribution of industrial sector in Pakistan economy is:

28%

undetermined

3 / 25

Pakistan started its first five-year plan in:

1960

1955

1950

1947

4 / 25

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

Limited

Continuous

Perfect

5 / 25

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

35%

45%

25 %

6 / 25

Economic development is measured on the basis of:

Increases in personal incomes

Increases in real GNP

Increases in nominal GNP

Increases in government revenue

7 / 25

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

Both a & b

Output, Input factors

Input factors, Output

None of the above

8 / 25

The govt. can control inflation by:

Increasing demand for goods

Decreasing taxes

Increasing supply of goods

Increasing money supply

9 / 25

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

700 billion

2700 billion

1700 billion

3700 billion

10 / 25

Government of Pakistan issues currency on the basis of:

Availability of dollar in the country

Availability of gold in the country

Tax collection

Demand for money in the country

11 / 25

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

Continuous

Limited

Perfect

12 / 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 value

the number of times a unit of money changes hands monthly

13 / 25

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

Entrepreneurial-organizational

Capital

Land

Labor

14 / 25

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

marginal product of labor, marginal product of capital

labor, capital

rate of technical substitution, capital-labor ratio

capital-Labor ratio, rate of technical substitution

15 / 25

The Slope of the isoquant is called:

None of the above

Marginal product of labor and capital

Both a & b

rate of technical substitution

16 / 25

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

Both a & b

Short-run

Long-run

None of the above

17 / 25

Cost functions are derived from…………….

None of the above

Production function

Both a & b

Utility function

18 / 25

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

Constant

Increasing

Decreasing

19 / 25

Theory of choice is about:

Production

Cost of Production

Market Structure

Preferences of People

20 / 25

Economic development:

Exists when there is equal distribution of income

Means improvement in lifestyle

All of the above

it same is as economic growth

21 / 25

Contribution of agriculture in Pakistan’s national income is:

20%

24%

26%

22 / 25

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

Continuous

Perfect

Limited

23 / 25

Which property the paper money dose not possession:

Durability

Divisibility

Acceptability

Portability

24 / 25

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

Constant level of Capacity

Reserve Capacity

Excess Capacity

None of the above

25 / 25

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

40%

20%

30%

50%

Your score is

The average score is 0%

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