Ppsc lecturer past papers of economics

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

When a country develops:

per capita income rises

urbanization rises

specialization increase

all of them

2 / 25

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

natural resources

plants and factories

scarce information

labor resources

3 / 25

Microeconomics is also known as:

price theory

positive economics

normative economics

none of them

4 / 25

Economic planning in Pakistan is conducted by:

planning council

planning commission

planning board

planning authority

5 / 25

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

low infant mortality rate and high GDP

high birth rate and low GDP

low death rate and high GDP

low birth rate and high GDP

6 / 25

Pakistan produces of its oil requirements:

40%

30%

50%

20%

7 / 25

In Pakistan poverty is measured by:

difference between GNP and GDP

percentage of rural population

per capita income, calorie intake

difference of income in rural and urban areas

8 / 25

Soviet managers:

had incentives to reduce product quality

were left little to do under central planning

pursued economically efficient choices

All of the above

9 / 25

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

how governments officials are selected

at what level economic decisions are made

poverty is owned by individual

what incentives are used to motivate economic behavior

10 / 25

A consumer wishes to utility his:

neutralize

none of them

minimize

maximize

11 / 25

In a socialist economy the invisible hand:

is prevented from operating effectively

guides most decisions

gives misleading signals

operates effectively in labor market

12 / 25

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

marginal cost

variable cost

total cost

average cost

13 / 25

Rate of economic development in Pakistan will increase if:

money supply increases

saving rate increases

all of them

import increases

14 / 25

When resources are allocated by government planning:

decision making is decentralized

both a and c

economy is more efficient

capitalism is usually the result

15 / 25

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

to allow Japan to operate major industries

shift from public to private production

reliance on moral incentives

state-run banks to print own money

16 / 25

Market allocation fundamentally relies upon:

moral incentives

a belief that employees work for good of society

government interference

a system of relative prices

17 / 25

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

accelerated in 1980s

was stagnant after 1965

had nothing to do with the decline of socialism

was subject to sever cycles

18 / 25

Investment rate in Pakistan is around:

38%

18%

28%

19 / 25

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

1700 billion

2700 billion

3700 billion

700 billion

20 / 25

Under the Soviet system supply-demand balance was:

left to market price movements

maintained effectively

not a major consideration of planners

unsatisfactorily attempted by planners

21 / 25

Medium-term plan covers:

10 to 15 years

3 to 5 years

5 to 10 years

less than 2 years

22 / 25

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

profit will be large

potential for quality to suffer

consumers will get what they want

productivity will increase

23 / 25

General equilibrium is concerned with simultaneous equilibrium of all the:

economic agents

economic theory

none of them

economic decision

24 / 25

Economic planning does not need:

determination of objection

estimation of resources

change of government

fixation of plan period

25 / 25

Economic planning in Pakistan started during:

1950's

1960's

1980's

1970's

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