PPSC Economics Topic 2 Micro Economics

Today attempting the PPSC test is not as much challenge as the candidates think. The reason behind it is that today we find a number of sources and helping content to cover the examination preparation of PPSC. Ilmkidunya is known as one of the major sources of education where students can find potential solutions at every single level of education. Here we come with the PPSC test preparation. Students are provided the Topic wise PPSC online tests. These tests are comprised of the questions that are important for the Economics PPSC test. Here at this page, the team of Ilmkidunya offers the PPSC online test of Economics subject Topic 2. Once after clicking the start test button, you will be directed towards the test and you will find 20 minutes to cover the test.

Top Scorers Of PPSC Economics Topic 2 Micro Economics MCQ`s Test

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Amjad Ali 07 - Jun - 2023 14 Min 16 Sec 15/20
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Atiq Ur Rahman 16 - Jun - 2023 12 Min 02 Sec 14/20
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zaheer hussain 16 - Jan - 2024 16 Min 56 Sec 14/20
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Mishal Maryam 08 - Oct - 2023 04 Min 07 Sec 13/20
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BAKHT ZAMIN 21 - Jun - 2023 09 Min 05 Sec 13/20
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Muhammad Sajjad 20 - Jan - 2025 13 Min 13 Sec 13/20
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Hassam Shahid 30 - Jun - 2024 05 Min 57 Sec 12/20
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Sulsabeel Akhtar 07 - Jun - 2024 06 Min 32 Sec 12/20
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Murtaza Gillani 12 - Jul - 2024 07 Min 19 Sec 12/20
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Tahir Nawaz 10 - Jan - 2024 07 Min 43 Sec 11/20
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Hashim Saleem 26 - May - 2024 10 Min 05 Sec 11/20
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mehmad khalid 02 - Jun - 2024 16 Min 01 Sec 11/20
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Ejaz Ahmad 12 - Jan - 2024 11 Min 05 Sec 10/20
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Shad Ali Shah 27 - Jul - 2024 12 Min 36 Sec 10/20
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Hamadullah Jan 13 - Jun - 2023 02 Min 19 Sec 9/20

PPSC Economics Chapter 2 Important MCQ's

Sr.#	Question	Answer
1	The are price elasticity of demand is approximately	A. 0.3 B. 3.3 C. 6.0 D. 0.2
2	Immediately after a through we would expect to have al	A. Peak B. Recession C. Recovery D. Another trough
3	A production function for a firm which produces a product with two or more inputs.	A. Represents a physical relationship between outputs for a specified set of inputs B. Indicates the least cost combinations of inputs for a given output C. Relates revenues and costs D. Indicates the dollar cost for each level of ouput.
4	The supply curve of a perfectly competitive firm	A. Includes the upward sloping portion of the marginal cost B. Is equal to entire margin cost C. Includes the downward sloping portion of marginal cost D. None of these
5	The short run supply curve for a competitive industry is derived by.	A. Horizontally summing the marginal cost curves for each firm in the industry B. Horizontally summing the average variable cost curves for each firming the industry C. Vertically summing the marginal cost curves for each firm in the industry D. None of the above
6	If the production function is Q = 8 KL the marginal rate of technical substitution of labor for capital is.	A. 8 B. K/L C. L/K D. B/KL
7	When the price of a pizza decreased from 1200 Rupees to 1000 Rupees, it is definitely the case that the.	A. Income effect means people buy less pizza B. Substitution effect means people buy more pizza C. Quantity demanded of pizza will not change D. None of the above
8	If the income elasticity of demand is +4	A. The good is an inferior good B. The good is an inelastic normal good C. The good is an elastic normal good D. the good is an elastic inferior good
9	The long run is a time period that is.	A. Five years or longer B. Long enough to change the level of labor hired C. Long enough to change the size of the firm's plant D. Ten years or longer
10	Short run is a time frame where a firm can change its.,	A. Total cost B. Total production C. Plant size D. None of these

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PPSC Economics Topic 2 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 2 Micro Economics