ppsc past papers of lecturer Economics

PPSC Lecturer Economics Test 6 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 6
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 6

1 / 25

The term capitalism refers the:

Use of markets

State and Private ownership of capital goods

State ownership of capital goods

Private ownership of capital goods

2 / 25

Basic economic problem is:

Scarcity

Unemployment

Inflation

Poverty

3 / 25

Long run is a period in which:

Capital cannot be changed

All factors of production can change

only one factor of production is fixed

Labor cannot be changed

4 / 25

Scarcity exists:

In only poor countries

In a country that uses resources inefficiently

When society produce unimportant or silly goods

In all countries of the world

5 / 25

Short run is the time period in which:

None of the above

Variable factors of production can change

All factors of production are fixed

All factors of production can change

6 / 25

The opportunity cost of a good refers the:

the expenditure on a good

the time lost in finding it

Loss of interest in using savings

the others goods sacrificed to get another unit of that good

7 / 25

When total utility increases at decreasing rate, Marginal Utility:

remains constant

Varies with time and situation

Decreases

Increases

8 / 25

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

Labor

Traders

Unskilled Labor

Land

9 / 25

Which group shows the basic factors of production?

Land, Management Skills, Capital, Technology

Land, Labor, Natural Resources, Capital

Land, Labor, Capital, Enterprise

Land, Labor, Capital, Technology

10 / 25

According to cardinal approach of consumer behavior, Consumer is:

None of the above

Irrational

Rational

Varies person to person

11 / 25

Ceteris paribus means:

That no other assumptions are made

Other things equal

All variables are independent

All relationships are inverse

12 / 25

A positive statement:

Deals with values and opinions

is always accurate

Concerns "What is"

Cannot be tested in the real world

13 / 25

In cardinal approach of consumer behavior marginal utility of money is:

decreasing

constant

increasing

Varies with time and situation

14 / 25

Total utility increases at ……………rate:

Varies with time and situation

Increasing

Decreasing

Constant

15 / 25

Economic growth is Illustrated as:

Movement from inside the curve towards the curve

Production Possibilities Frontier shifts inwards

Movement along the production possibilities Frontier towards capital goods

Production Possibilities Frontier shifts outwards

16 / 25

Points on the Production Possibilities Frontier are:

Inefficient

None of the above

Efficient

Unattainable

17 / 25

The fundamental economic problem is:

Unemployment

Scarcity

Inflation

Poverty

18 / 25

Which of these books represents the scheme of Plato’s Philosophy?

The Laws

None of these

The Politics

The Republic

19 / 25

Economies of scale represents the:

Rising average cost

Constant average cost

Falling average cost

Positive average cost

20 / 25

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

David Ricardo

Adam Smith

J.M Keynes

Alfred Marshall

21 / 25

Microeconomics is related to:

the household purchase decisions

the whole economy

the individual economic behavior

None of the above

22 / 25

Normative economics:

Is never studied in colleges

involves opinions and interpretations

Is clearly preferable to positive economics

Deals solely with the facts

23 / 25

In economics, assumptions:

Used in micro and not in macroeconomics

Make economic theory useless

Mean other things equal

Enable economist to simplify reality

24 / 25

"The Wealth of Nations" was published in:

1876

1976

1776

1676

25 / 25

Microeconomics concentrates:

Individual economic units

Economic development of Pakistan

International economic prelateship

On inflation

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 6 Online Preparation MCQs Read More »