ppsc past papers of lecturer Economics

PPSC Lecturer Economics Test 2 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 2
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 2

1 / 25

Basic economic problem is:

Inflation

Unemployment

Poverty

Lack of money

Scarcity

2 / 25

Which of the following is a withdrawal from the circular flow income strem:

consumption

Subsidies

Investment

Taxation

3 / 25

Net Investment is:

Gross Investment minus govt.

Gross Investment minus household Invesment

Gross investment minus capital consumption allowance

None of the above

4 / 25

Adam Smith was also a:

Politician

Political economist

None of the above

Sociologist

5 / 25

If we compare GDP and GNP, then:

GNP= GDP- net income from abroad

GNP= NNP+ net income from abroad

GNP= NNP- net income from abroad

GNP= GDP+ net income from abroad

6 / 25

In economics, assumptions:

Make economic theory useless

Enable economist to simplify reality

Mean other things equal

Used in micro and not in macroeconomics

7 / 25

In the world population-wise Pakistan is:

4th

6th

8th

3rd

8 / 25

Microeconomics concentrates:

International economic prelateship

Economic development of Pakistan

Individual economic units

On inflation

9 / 25

Which of the following would increase national income:

Increase in savings

Increases in govt spending

Increases in taxation

Decreases in consumption spending

10 / 25

A TV set purchased from a retail store is an example of:

Intermediate goods

Capital goods

Final goods

Surplus goods

11 / 25

Consumption spending does not include:

Household’s payment of rent for an apartment

Household’s purchases of a career

Household’s purchases of food

Household’s purchases of stock in any XYZ corporation

12 / 25

The concept of Invisible hand was coined by:

J.M Keynes

David Ricardo

Alfred Marshall

Adam Smith

13 / 25

According to the Economic Survey of Pakistan 2008-09 Pakistan’s per capita income is U.S. dollars:

950

1046

1520

320

14 / 25

Pakistan’s saving rate is:

25 %

14.4 %

35 %

5 %

15 / 25

Market value of all final goods and services produced in a country during a year is definition of:

NNP

Consumption

GNP

16 / 25

Population growth rate in Pakistan is:

1.9 %

4 %

1 %

1.73 %

17 / 25

Which is most likely to cause a more even distribution of income:

An increases in an rate of inflation

An increases in progressive taxation

An increases in managers’ salaries

An increases in indirect taxes

18 / 25

Scarcity exists:

In a country that uses resources inefficiently

In only poor countries

In all countries of the world

When society produce unimportant or silly goods

19 / 25

A positive statement:

Concerns "What is"

is always accurate

Deals with values and opinions

Cannot be tested in the real world

20 / 25

Ceteris paribus means:

That no other assumptions are made

All relationships are inverse

All variables are independent

Other things equal

21 / 25

GNP includes:

Gifts and donations

A loan from bank

A broker’s commission

A loan from one’s parents

22 / 25

What is Economics?

Management of resources only

Maximization of utility

Management of scarce resources to maximize utility

None of the above

23 / 25

David Ricardo coined the concept of:

Diminishing Returns

Partial Equilibrium

Invisible Hand

General Equilibrium

24 / 25

GNP is ?

Total monetary transactions in an economy

Total sales in the economy

The market values of all goods and services produced in an economy

Total spending in an economy

25 / 25

Normative economics:

Is clearly preferable to positive economics

Is never studied in colleges

involves opinions and interpretations

Deals solely with the facts

Your score is

The average score is 63%

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