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 Lorenz curve shows that	A. unemployment does not affect social group B. People with low income spend more C. People with low income spend less D. the degree of income equality in the economy
2	For commodities, X and Y, the possibilities are X is preferred to Y , Y is preferred to X or X and Y are equally preferred, In indifference curve analysis, this is known as the.	A. Comparability assumption B. Transitivity assumption C. Non seriation assumption D. Reflexivity assumption
3	The marginal rate of substitution for two goods can be obtained from	A. The slope of the demand curve B. The slope of the indifference curve C. The ration of first derivative of the total utility functions D. B and D both
4	Naveed purchases product M for which his income elasticity of demand is negative Apparently product M is.	A. A necessity B. An independent good C. An inferior good D. A luxury good
5	"Principles of economics" is the book of	A. Robbins B. Adam smith C. Hicks D. Marshall
6	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
7	In long run equilibrium a monopolistically competitive firm will find.	A. Marginal cost below average total cost B. Marginal cost wqual to minimum average total cost C. Both a and b D. Neither a nor b
8	The largest source of tax revenue for the federal government is	A. The prerenal income tax B. The social security tax C. the property tax D. The sales tax
9	In the short run, the supply of farm commodities is.	A. Inelastic B. Less elastic C. More elastic D. Undetermined
10	Disposable income is equal to.	A. National income B. National income minus taxes plus transfers C. Real GDP D. National income Minus taxes

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PPSC Economics Topic 2 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 2 Micro Economics