PPSC Lecturer Economics MCQs

PPSC Lecturer Economics MCQs is a complete guide for economics students of PPSC tests. Although this is especially for PPSC tests but it will be equally helpful for other tests of economics as well.

Furthermore, some of the MCQs from the pdf are as follows.

Normal profit, excess profit and loss of the firm depends on
level of:
(a) Average costs in short run (b) Total costs in short run
(c) Marginal costs in short run (d) All of these
In case of perfect competition, the sellers are:
(a) Two (b) A few
(c) Very large (d) None of these
The firm is in equilibrium when:
(a) Slope of TC = Slope of TR (b) Slope of TC is less than the slope of
TR
(c) Slope of TC is more than slope of TR (d) None of these
The Marginal Revenue Product of labour MRPLis:
(a) MR x MP (b) MR / MP
(c) MR – MP (d) Both (b) and (c)
In case of imperfect competition the MRPLis the:
(a) Supply of labour curve (b) Demand for labour curve
(c) Both of these (d) None of these
A balance of payment surplus may cause:
(a) Employment and the money supply to rise.
(b) The money supplies to fall
(c) Employment to rise and the money supply to fall
(d) Employment and the money supply to fall.
Green revolution refers to:
(a) Introduction of modern technology
(b) Reform in land tenure system
(c) Introduction of agro-based industry
(d) Boosting exports of agricultural products

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We hope this post is helpful in your preparation for economics.