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 demand for labor slopes down and to the right because of.	A. The law of demand B. The iron law of wages C. The law of diminishing marginal returns D. Economies of scale
2	Firms in monopolistic competition compete on	A. Price B. Quality C. Advertising D. All of the above are correct
3	An entrepreneur who collects profits in the short run for a new invention is collecting.	A. The competitive rate of return on capital B. Temporary monopoly profit C. Rent D. A Ramsey surplus
4	A demand curve is not related to	A. The time period B. The price of the commodity C. The price of substitution D. Any of above
5	When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firm in the market we have	A. A cartel B. The perfect competitive outcome C. The Nash equilibrium D. Monopolistic competiton
6	The method most commonly used to test the overall significance of a regression is.	A. The t test B. The F -test C. Chi square test D. R
7	In the neighborhood of the long run equilibrium of a monopolistically competitive firm average cost will be.	A. Decreasing B. Constant C. Increasing D. At a minimum
8	In perfect competition the industry will be in equilibrium.	A. when all the firms earning abnormal profit B. When all the firms earning normal profit C. All firms having loss D. All firms having proft
9	Indifference curve is alwyas.	A. Vertical B. Horizontal C. Concave D. Convex
10	BATA's marginal utility per dollars is .8 for both shorts and running shoes,. To attain her consumer equilibrium BATA should.	A. Buy an additional pair of shorts B. Buy an additional pair of both items C. Possibly not make any adjustment in her behavior D. Sell her shorts and keep her shoes

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PPSC Economics Topic 2 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 2 Micro Economics