PPSC Economics Topic 2 Micro Economics

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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	In the short run, the supply of farm commodities is.	A. Inelastic B. Less elastic C. More elastic D. Undetermined
2	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
3	When the price of an inferior goods falls ceteris paribus the substitution effect leads to ________ in the quantity purchased and the income effect leads to _______ in the quantity purchased.	A. An increase an increase B. An increase, a decrease C. A decrease, an increase D. A decrease, a decrease
4	The negative slope of the demand curve indicates that there is _______ relationship between the price and the quantity demanded.	A. A direct B. An inverse C. A positive D. No relationship
5	Projects A,B,C,D,E cost Rs. 100, Rs, 200, Rs. 300, Rs. 400, and Rs. 500 with MEC's of 0.07, 0.06,0.09 ,0.10 and 0.11 respectively. The market rate of interest is 8% Total investment spending is	A. Rs. 1500 B. Rs.1300 C. Rs.1200 D. Rs.300
6	If the price of product X falls and this change increases the demand for product Y then.	A. X and Y are complements B. X and Y are substitutes C. X is an inferior good D. Y is an inferior good
7	The income elasticity of demand	A. Is negative for normal goods B. Is positive for normal goods C. Equals the relative change in demand for a good divided by the relative change in the iincome of consumers all else being equal D. Is correctly described by all of the above
8	A drop in the price of compact disc shifts the demand curve for prerecord tapes leftward from that you know that compact discs and precorded tapes are.	A. Inferior goods B. Substitutes C. Complements D. Normal goods
9	Elasticity of demand of luxurious goods is always more elastic	A. More elastic B. Less elastic C. Equal elastic D. None elastic
10	If there are 50 firms in a industry each selling 2% of the total sales the concentration ratio is.	A. 50% B. 2% C. 8% D. 100%

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PPSC Economics Topic 2 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 2 Micro Economics