ppsc lecturer of economics

PPSC FPSC Lecturer Economics Online Test 18 Solved 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 18
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. 18

1 / 25

According to cardinal approach of consumer behavior, Consumer is

Rational

Varies person to person

None of the above

Irrational

2 / 25

In cardinal approach of consumer behavior marginal utility of money is

constant

Varies with time and situation

incresing

decreasing

3 / 25

Which of the following is considered as a factor of production?

Traders

Land and Labour

Unskilled Labour

4 / 25

Points on the Production Possibilities Frontier are

Unattainable

Efficient

None of the above

Inefficeint

5 / 25

Economic growth is Illustrated as

Movement from inside the curve towards the curve

Production Possibilities Frontier shifts outwards

Movement along the production possibilities Frontier towards capital goods

Production Possibilities Frontier shifts inwards

6 / 25

The theories of consumer behavior explains that

How to maximize utility from consuming goods/services within in the limit of budget

All of the above

How to maximize utility without considering budget constraint

How to allocate budget without considering utility maximization

7 / 25

Economies of scale represents the

Constant average cost

Rising average cost

Positive average cost

Falling average cost

8 / 25

Long run is a period in which

Only one factor of production is fixed

Capital can not be changed

Labour can not be chnaged

All factors of production can change

9 / 25

The concept of Invisible hand was coined by

David Ricardo

Adam Smith

Alfred Marshall

J.M Keynes

10 / 25

The fundamental economic problem is

nflation

Scarcity

Poverty

Unemployment

11 / 25

Theory of choice is about

Market Structure

Production

Cost of Production

Preferences of People

12 / 25

David Ricardo coined the concept of

Partial Equlibrium

General Equilibrium

Invisible Hand

Diminishing Returns

13 / 25

Short run is the time period in which

Variable factors of production can change

None of the above

All factors of production are fixed

All factors of production can change

14 / 25

Which group shows the basic factors of production?

Land, Labour, Natural Resources, Capital

Land, Labour, Capital, Technology

Land, Labour, Capital, Enterprise

Land, Management Skills, Capital, Technology

15 / 25

Microeconomics is related to

The whole economy

None of the above

The household purchase decisions

The individual economic behavior

16 / 25

There are two theories of consumer behavior i.e.

Cardinal approach & Ordinal approach

Cardinal approach

Budget constraint Theory

Utility Theory

Ordinal approach

17 / 25

What is economics?

Management of scarce resources to maximize utility

Management of resources only.

Maximization of utility.

None of the above

18 / 25

The opportunity cost of a good refers the

Loss of interest in using savings

The time lost in finding it

The expenditure on a good

The others goods sacrificed to get another unit of that good

19 / 25

Political economist

None of the above

Sociologist

Political economist

Politician

20 / 25

Utility is defined as

All of the above

Prefrences

Satisfaction

Constraint

21 / 25

The term capitalism refers the

Use of markets

Private ownership of capital goods

State ownership of capital goods

State and Private ownership of capital goods

22 / 25

"The Wealth of Nations" was published in

1676

1876

1976

1776

23 / 25

Cardinal Approach implies that

Utility is measurable in terms of number of goods consumed

Utility is measurable in monetary terms

Utility cannot be measured

None of the above

24 / 25

Ceteris Paribus is defined as

Both of the above

Everything is variable

Other things are equal/constant

None of the above

25 / 25

The author of the book "The Wealth of Nations" is

David Ricardo

J.M Keynes

Adam Smith

Alfred Marshall

Your score is

The average score is 0%

PPSC FPSC Lecturer Economics Online Test 18 Solved MCQs Read More »