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

A

Amjad Ali 07 - Jun - 2023 14 Min 16 Sec 15/20
A

Atiq Ur Rahman 16 - Jun - 2023 12 Min 02 Sec 14/20
Z

zaheer hussain 16 - Jan - 2024 16 Min 56 Sec 14/20
M

Mishal Maryam 08 - Oct - 2023 04 Min 07 Sec 13/20
B

BAKHT ZAMIN 21 - Jun - 2023 09 Min 05 Sec 13/20
M

Muhammad Sajjad 20 - Jan - 2025 13 Min 13 Sec 13/20
H

Hassam Shahid 30 - Jun - 2024 05 Min 57 Sec 12/20
S

Sulsabeel Akhtar 07 - Jun - 2024 06 Min 32 Sec 12/20
M

Murtaza Gillani 12 - Jul - 2024 07 Min 19 Sec 12/20
T

Tahir Nawaz 10 - Jan - 2024 07 Min 43 Sec 11/20
H

Hashim Saleem 26 - May - 2024 10 Min 05 Sec 11/20
M

mehmad khalid 02 - Jun - 2024 16 Min 01 Sec 11/20
E

Ejaz Ahmad 12 - Jan - 2024 11 Min 05 Sec 10/20
S

Shad Ali Shah 27 - Jul - 2024 12 Min 36 Sec 10/20
H

Hamadullah Jan 13 - Jun - 2023 02 Min 19 Sec 9/20

PPSC Economics Chapter 2 Important MCQ's

Sr.#	Question	Answer
1	Economists tend to disagree primarily about.	A. The implications of scarcity for our economy B. Which resources are free C. Topics in positive economics D. Issues of normative economics
2	A firm A's break even quantity is.	A. 10 units B. 40 units C. 50 units D. 30 units
3	Which of the following is correct for the demand and supply schedules given above.	A. The demand curve is non linear B. The slope of the supply curve is 4 C. Equilibrium quantity is 40 units D. The slope of the demand curve is 0.5
4	Which of the following explains why demand curves slope downward.	A. Prices and income B. substitutes and complements C. Resources and technology D. Substitution effect and income effect
5	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
6	An income demanded curve of an inferior good is.	A. Same in slope B. Upward is slope C. Downward in slope D. None of these
7	A price cross elasticity of 0.81 between X and Y shows that.	A. They are complementary goods B. They are competitive substitutes C. They are not substitutes D. a reduction in the price of one would cause an increase in the consumption of the other.
8	In a perfectly competitive market if firms are earning an economic profit the economic profit.	A. Attracts entry by more firms, which lowers the market price B. Can be earned both in the short run and long run C. Is less than the normal profit D. Leads to a decreases in market demand
9	An elasticity coefficient of -1 means that	A. The demand curve is perfectly inelastic B. The demand curve is parfectly elastic C. The relative changes in price and quantity are equal D. Expenditures on the good would increase if price were reduced.
10	A demand curve shows that relation between price and demand.	A. Positive B. Negative C. Zero D. Very strong

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

PPSC Economics Topic 2 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 2 Micro Economics