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	A normal good can be defined as one which consumers purchase more of as.	A. Price fall B. Price rise C. Income fall D. Incomes increase
2	A consumer is said to be in equilibrium when the marginla utility and price of a commodity	A. More B. Less C. Irrelevant D. Equal
3	The epigram "time is money" expresses , in part, the concept of.	A. Opportunity cost B. Comparative advantage C. Specialization D. Efficiency in production
4	A demand curve shows that relation between price and demand.	A. Positive B. Negative C. Zero D. Very strong
5	A long-run total cost curve can be constructed from	A. An income consumption curve B. A price consumption curve C. Isoquant is cost expansion path diagram D. An Engel curve
6	The monopolization of the competitive market results in a deadweight loss to society of	A. RSJK B. JKL C. THJ D. RSJL
7	In the long run a profit maximizing monopoly produces an output volume that	A. Equates long run marginal cost with marginal revenue B. Equates long run average revenue C. Assures permanent positive profit D. Is correctly described by both a and c
8	The exit of firms out of a competitive market causes the supply curve to.	A. Shift leftward B. shift rights ward C. None of the above for the exit of firms supply curve D. shift either left or right depending on the number of firms leaving the market
9	Which of the following is a characteristics of monopolistic competition.	A. One seller serving the entire market B. When each firm sells an identical product C. When firms do not compete on a product's quality price and marketing. D. When firms are free to enter and exit the market
10	A production possibilities curve indicates that when resources are being used efficiently	A. More of one good cna be produced only if less of another good is produced B. More of one good can be produced only if its price is lowered C. Producing more of one good result in greater production of other goods D. More of one good can be product without producing less of other goods

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PPSC Economics Topic 2 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 2 Micro Economics