SPSC ECONOMICS 25 YEARS PAST PAPERS
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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
جب کسی چیز کی طلب کم ہو جائے تو اس کی توازنی قیمت اور مقدار پر کیا اثر پڑتا ہے؟
- Rises; decreases
- Falls; decreases
- Falls; increases
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- Demand shows consumers’ willingness to buy a good.
- When demand decreases, the demand curve shifts left.
- This reduces pressure on price in the market.
- Both price and quantity adjust to a new equilibrium.
- As a result, price falls and quantity decreases.
Last verified on 22-04-2026
ایک مسابقتی فرم مزدوروں کو کب تک ملازمت دیتی ہے؟
- w = MPL * p
- w = MPL
- w = p
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- A competitive firm is a price taker in both product and labour markets.
- It hires labour to maximize profit.
- The firm compares wage (w) with the value of labour’s output.
- Hiring continues until cost equals benefit.
- Condition: w = MPL × p (Value of Marginal Product).
Last verified on 22-04-2026
پیٹنٹس اور پبلک فرنچائزز کس قسم کی مارکیٹ میں داخلے کی رکاوٹیں ہیں؟
- Legal; legal
- Natural; natural
- Natural; legal
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- Barriers to entry restrict new firms from entering a market.
- Patents are government-granted rights to protect inventions.
- Public franchises are government licenses to operate a service.
- Both are created through laws and regulations.
- Hence, both are legal barriers to entry.
Last verified on 22-04-2026
بائنری متغیر کو عام طور پر کیا کہا جاتا ہے؟
- Power of a test
- Dummy variable
- Dependent variable
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- A binary variable takes only two values (e.g., 0 or 1).
- It represents categories like yes/no or true/false.
- It is widely used in regression and data analysis.
- It helps to include qualitative factors in models.
- It is commonly called a dummy variable.
Last verified on 22-04-2026
لیان اپنی آمدنی کو اس طرح خرچ کرتی ہے کہ ہر چیز پر فی ڈالر حاصل ہونے والی حدی افادیت کیسی ہو؟
- Is diminishing
- Is the same
- Is increasing
- Is maximised
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- In consumer theory, a person maximizes satisfaction (utility) from income.
- Utility is maximized when spending is optimally distributed.
- The key rule compares marginal utility per dollar across goods.
- Consumers adjust spending until no further gain is possible.
- This happens when marginal utility per dollar is equal for all goods.
Last verified on 22-04-2026
مندرجہ ذیل میں سے کس صورت میں دونوں اصطلاحات ایک ہی معنی نہیں رکھتیں؟
- Changes in real GDP and the GDP deflator
- Nominal GDP and GDP at current prices
- Real GDP and GDP at constant prices
- The base period and the reference period
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- In economics, some terms are equivalent (same meaning).
- Nominal GDP = GDP at current prices.
- Real GDP = GDP at constant prices.
- Base period = Reference period (used for comparison).
- But changes in real GDP ≠ GDP deflator (different concepts).
Last verified on 22-04-2026
مندرجہ ذیل میں سے اقتصادی ترقی کے بارے میں کون سا بیان غلط ہے؟
- Economic growth can be helped by using tidal power
- Economic growth solves the economic problem
- Economic growth can be helped by having new technology
- Economic growth can be helped with more education
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- Economic growth means an increase in a country’s production (GDP).
- It can be improved by better resources and efficiency.
- Factors like technology, education, and energy sources support growth.
- However, growth does not remove scarcity completely.
Last verified on 22-04-2026
محنت کی طلب کا منحنی کیسا ہوتا ہے؟
- Is vertical
- Slopes upward
- Slopes downward
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- The demand for labour is a derived demand based on production needs.
- Firms hire more workers when wages are lower.
- As wages increase, firms demand less labour.
- This shows an inverse relationship between wage and labour demand.
- Therefore, the demand curve slopes downward.
Last verified on 22-04-2026
مندرجہ ذیل میں سے کون سا بیان مقررہ وسیلہ کے بارے میں درست ہے؟
- The quantity of output that the firm can produce with it is fixed
- Its price is fixed
- The quantity of it that a firm can use in the short run is fixed
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
- In economics, inputs are factors used in production.
- A fixed input cannot be changed in the short run.
- Examples include land, machinery, and buildings.
- Firms cannot increase or decrease its quantity quickly.
- Therefore, its quantity remains fixed in the short run.
Last verified on 22-04-2026
