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	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
2	A firm that is a price taker faces a perfectly	A. Elastic supply curve B. Inelastic demand curve C. Elastic demand curve D. In elastic supply curve
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	In the short run no firm operates with a loss unless	A. Variable cost equals fixed cost B. Variable cost falls short of fixed cost C. Total revenue covers variable costs D. Total revenue covers fixed cost
5	When the demand curve is vertical its shows that the demand is.	A. Less elastic B. Very high elastic C. Elastic D. Perfectly inelastic
6	A firm A's break even quantity is.	A. 10 units B. 40 units C. 50 units D. 30 units
7	If the price of both goods increase by the same percent , the budget line will.	A. shift parallel to the left B. Shift parallel to the right C. Pivot about the x axis D. Pivot about the Y axis
8	Firm A's annual profit is.	A. Rs.10,000 B. Rs.20,000 C. Rs.30,000 D. Rs.60,000
9	An increase in the discount rate at the FED generally has the following effect on bond prices.	A. There is no demonstrated effect B. Such an increase tends to lower bond prices. C. Such an increase tends to raise bond prices D. Bond prices are related to the government purchase and sale of bonds.
10	If consumers spend 15 million a month on CDs, regardless of whether the prrice they pay goes up or down that implies that their price elasticity of demand for CDs is.	A. 0 B. 1 C. Infinite D. 15

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