Slips
 

Slips are uploaded on SPSC website.

In instructions of slip it's written scientific calculator is not allowed, does it mean simple calculator is allowed :shy ?

To All
 

R/There
Kindly send me the syllabus of economics, statistics and Mba/Mpa that is to appear in this test.
I shall be thankful to he who send me the syllabus.

Statistics questions are almost impossible to solve in a minute without calculator.

@aspirant07 so what should we do, should we take simple calculator with us ? And ask invagilitor whether its allowed?

Some MCQ's
 

Economics:

Government of Pakistan issues currency on the basis of
(A) Availability of gold in the country
(B) Availability of dollars in the country
[B](C) Demand for money in the country[/B]
(D) Tax collection

When the State Bank wants to decrease money supply in the country, it
(A) Buys govt securities in stock market
[B](B) Sells govt securities[/B]
(C) Lowers discount rate
(D) B and C

If TOYOTA company establishes a factory in Pakistan, this will be recorded in balance of payments in the section
[B](A) Capital account[/B]
(B) Visible balance
(C) Invisible balance
(D) Official financing

In Pakistan government budget is prepared by
(A) National Assembly
(B) President of Pakistan
(C) State Bank of Pakistan
[B](D) Ministry of Finance[/B]

In Pakistan Income tax is
(A) Progressive tax
(B) Proportional tax
(C) Direct tax
[B](D) A and C[/B]

The fundamental economic problem faced by all societies is:
a. unemployment
b. inequality
c. poverty
[B]d. scarcity[/B]

"Capitalism" refers to:
a. the use of markets
b. government ownership of capital goods
[B]c. private ownership of capital goods[/B]
d. private ownership of homes & cars

There are three fundamental questions every society must answer. Which of the following is/are one of these questions?
a. What goods and services are to be produced?
b. How are the goods and services to be produced?
c. Who will get the goods and services that are produced?
[B]d. All of the above[/B]

If you were working full-time now, you could earn $20,000 per year. Instead, you are working part-time while going to school. In your current part-time job, you earn $5,000 per year. At your school, the annual cost of tuition, books, and other fees is $2,000. The opportunity cost of completing your education is:
a. $2,000
b. $5,000
[B]c. $17,000[/B]
d. $20,000
e. $22,000

The bowed shape of the production possibilities curve illustrates:
[B]a. the law of increasing marginal cost[/B]
b. that production is inefficient
c. that production is unattainable
d. the demand is relatively inelastic

You have taken this quiz and received a grade of 3 out of a possible 10 points (F). You are allowed to take a second version of this quiz. If you score 7 or more, you can raise your score to a 7 (C). You will need to study for the second version. In making a rational decision as to whether or not to retake the test, you should
a. always retake the quiz
b. consider only the marginal benefits from of retaking the quiz (four extra points)
c. consider only the marginal opportunity costs from taking the quiz (the time spent
studying and taking the quiz)
[B]d. consider both the marginal benefits and the marginal opportunity costs of retaking the quiz[/B]

The law of demand states that:
a. as the quantity demanded rises, the price rises
b. as the price rises, the quantity demanded rises
[B]c. as the price rises, the quantity demanded falls[/B]
d. as supply rises, the demand rises

The price elasticity of demand is the:
[B]a. percentage change in quantity demanded divided by the percentage change in price[/B]
b. percentage change in price divided by the percentage change in quantity demanded
c. dollar change in quantity demanded divided by the dollar change in price
d. percentage change in quantity demanded divided by the percentage change in quantity supplied

Community Colleges desired to increase revenues. They decided to raise fees paid by students with Bachelors degrees to $50 per unit because they believed this would result in greater revenues. But in reality, total revenues fell. Therefore, the demand for Community College courses by people with Bachelors degrees must have actually been:
a. relatively inelastic
b. unit elastic
[B]c. relatively elastic[/B]
d. perfectly elastic

The demand for a product would be more inelastic:
a. the greater is the time under consideration
b. the greater is the number of substitutes available to buyers
[B]c. the less expensive is the product in relation to incomes[/B]
d. all of the above

The four factor payment are:
(A) Money, capital, salaries, and income
(B) Wages, rent, interest, and profits
(C) Money, power, prestige, and wealth
[B](D) Wages, interest, salaries, and income[/B]

Which statement is true
[B](A) National Expenditure = National income[/B]
(B) National Expenditure = National income + National Production
(C) National Expenditure = National income + National Taxes
(D) National Expenditure = National income - Taxes

A TV set purchased from a retail store is an example of
(A) Intermediate goods
(B) Capital goods
(C) Surplus goods
[B](D) Final goods[/B]

Which of the following is a characteristic of pure monopoly?
[B]a. one seller of the product[/B]
b. low barriers to entry
c. close substitute products
d. perfect information

Which of the following pairs of commodities is an example of substitute goods'?
(A) Pen and Ink
(B) Left shoe and right shoe
[B](C) Mustard oil and Coconut oil[/B]
(D) Gold and Water

Saving is a function of?
[B](A) income[/B]
(B) improvement in productivity
(C) investment
(D) export

Which of the following concepts represents the extra revenue a firm receives from the services of an additional unit of a factor of production?
a. total revenue
b. marginal physical product
[B]c. marginal revenus product[/B]
d. marginal revenue

Open Market Operations is
(A) Buying and selling bills of exchange
[B](B) Buying and selling govt securities[/B]
(C) Buying and selling shares of companies
(D) Buying and selling foreign exchange

Whom of the following propounded principles of taxation.
(A) Keynes
(B) Marshall
[B](C) Adam Smith[/B]
(D) Al Ghazali

It is direct tax
(A) Excise tax
(B) Sales tax
[B](C) Income tax[/B]
(D) Custom duty

Which of the following is not a direct tax?
(A) Wealth tax
(B) Professional tax
(C) Income tax
[B](D) Sales tax[/B]

Perfect market means there are
[B](A) many sellers and many buyers[/B]
(B) few sellers and few buyers
(C) few sellers and many buyers
(D) few buyers and many sellers

What is the meaning of the term stagflation?
(A) fall in prices due to less circulation of currency
(B) fall in employment due to declining production
[B](C) high inflation rate combined with high unemployment and unchanged consumer demand[/B]
(D) none of these

Which of the following is the most liquid?
[B]a. a savings account[/B]
b. a 6 month CD
c. a home
d. water

The govt can control inflation by
(A) Increasing demand for goods
[B](B) Increasing supply of goods[/B]
(C) Increasing money supply
(D) Decreasing taxes

'From each according to his ability, to each according to his need' is the theoretical slogan of
(A) Feudal System
(B) Capitalist System
(C) Fascist System
[B](D) Communist System[/B]

GATT is the abbreviation of which of the following:
(A) General Arrangement of Transport on Trade
(B) Government of America's Treaty on Trade
(C) Global Arrangement of Transport and Trade
[B](D) General Arrangement on Tariffs and Trade[/B]


In Pakistan taxes are levied by:
(A) Prime Minister
(B) President
(C) CAbinet
[B](D) National Assembly [/B]

Government spending & taxing policies are called:
(A) Monetary
[B](B) Fiscal[/B]
(C) Commercial
(D) Finance

Supply & Demand Model is a partial equilibrium model of
(A) Partial Equilibrium
(B) Equilibrium
[B](C) Economic Equilibrium[/B]
(D) Price Equilibrium

[QUOTE=Minahil pcs;1073059]@aspirant07 so what should we do, should we take simple calculator with us ? And ask invagilitor whether its allowed?[/QUOTE]I think we should call SPSC office to find out.

@aspirant I will call them and update here , ap bhi call ker ke update here

[QUOTE=Mir Shahnawaz;1073061]Economics:

Government of Pakistan issues currency on the basis of
(A) Availability of gold in the country
(B) Availability of dollars in the country
[B](C) Demand for money in the country[/B]
(D) Tax collection

When the State Bank wants to decrease money supply in the country, it
(A) Buys govt securities in stock market
[B](B) Sells govt securities[/B]
(C) Lowers discount rate
(D) B and C

If TOYOTA company establishes a factory in Pakistan, this will be recorded in balance of payments in the section
[B](A) Capital account[/B]
(B) Visible balance
(C) Invisible balance
(D) Official financing

In Pakistan government budget is prepared by
(A) National Assembly
(B) President of Pakistan
(C) State Bank of Pakistan
[B](D) Ministry of Finance[/B]

In Pakistan Income tax is
(A) Progressive tax
(B) Proportional tax
(C) Direct tax
[B](D) A and C[/B]

The fundamental economic problem faced by all societies is:
a. unemployment
b. inequality
c. poverty
[B]d. scarcity[/B]

"Capitalism" refers to:
a. the use of markets
b. government ownership of capital goods
[B]c. private ownership of capital goods[/B]
d. private ownership of homes & cars

There are three fundamental questions every society must answer. Which of the following is/are one of these questions?
a. What goods and services are to be produced?
b. How are the goods and services to be produced?
c. Who will get the goods and services that are produced?
[B]d. All of the above[/B]

If you were working full-time now, you could earn $20,000 per year. Instead, you are working part-time while going to school. In your current part-time job, you earn $5,000 per year. At your school, the annual cost of tuition, books, and other fees is $2,000. The opportunity cost of completing your education is:
a. $2,000
b. $5,000
[B]c. $17,000[/B]
d. $20,000
e. $22,000

The bowed shape of the production possibilities curve illustrates:
[B]a. the law of increasing marginal cost[/B]
b. that production is inefficient
c. that production is unattainable
d. the demand is relatively inelastic

You have taken this quiz and received a grade of 3 out of a possible 10 points (F). You are allowed to take a second version of this quiz. If you score 7 or more, you can raise your score to a 7 (C). You will need to study for the second version. In making a rational decision as to whether or not to retake the test, you should
a. always retake the quiz
b. consider only the marginal benefits from of retaking the quiz (four extra points)
c. consider only the marginal opportunity costs from taking the quiz (the time spent
studying and taking the quiz)
[B]d. consider both the marginal benefits and the marginal opportunity costs of retaking the quiz[/B]

The law of demand states that:
a. as the quantity demanded rises, the price rises
b. as the price rises, the quantity demanded rises
[B]c. as the price rises, the quantity demanded falls[/B]
d. as supply rises, the demand rises

The price elasticity of demand is the:
[B]a. percentage change in quantity demanded divided by the percentage change in price[/B]
b. percentage change in price divided by the percentage change in quantity demanded
c. dollar change in quantity demanded divided by the dollar change in price
d. percentage change in quantity demanded divided by the percentage change in quantity supplied

Community Colleges desired to increase revenues. They decided to raise fees paid by students with Bachelors degrees to $50 per unit because they believed this would result in greater revenues. But in reality, total revenues fell. Therefore, the demand for Community College courses by people with Bachelors degrees must have actually been:
a. relatively inelastic
b. unit elastic
[B]c. relatively elastic[/B]
d. perfectly elastic

The demand for a product would be more inelastic:
a. the greater is the time under consideration
b. the greater is the number of substitutes available to buyers
[B]c. the less expensive is the product in relation to incomes[/B]
d. all of the above

The four factor payment are:
(A) Money, capital, salaries, and income
(B) Wages, rent, interest, and profits
(C) Money, power, prestige, and wealth
[B](D) Wages, interest, salaries, and income[/B]

Which statement is true
[B](A) National Expenditure = National income[/B]
(B) National Expenditure = National income + National Production
(C) National Expenditure = National income + National Taxes
(D) National Expenditure = National income - Taxes

A TV set purchased from a retail store is an example of
(A) Intermediate goods
(B) Capital goods
(C) Surplus goods
[B](D) Final goods[/B]

Which of the following is a characteristic of pure monopoly?
[B]a. one seller of the product[/B]
b. low barriers to entry
c. close substitute products
d. perfect information

Which of the following pairs of commodities is an example of substitute goods'?
(A) Pen and Ink
(B) Left shoe and right shoe
[B](C) Mustard oil and Coconut oil[/B]
(D) Gold and Water

Saving is a function of?
[B](A) income[/B]
(B) improvement in productivity
(C) investment
(D) export

Which of the following concepts represents the extra revenue a firm receives from the services of an additional unit of a factor of production?
a. total revenue
b. marginal physical product
[B]c. marginal revenus product[/B]
d. marginal revenue

Open Market Operations is
(A) Buying and selling bills of exchange
[B](B) Buying and selling govt securities[/B]
(C) Buying and selling shares of companies
(D) Buying and selling foreign exchange

Whom of the following propounded principles of taxation.
(A) Keynes
(B) Marshall
[B](C) Adam Smith[/B]
(D) Al Ghazali

It is direct tax
(A) Excise tax
(B) Sales tax
[B](C) Income tax[/B]
(D) Custom duty

Which of the following is not a direct tax?
(A) Wealth tax
(B) Professional tax
(C) Income tax
[B](D) Sales tax[/B]

Perfect market means there are
[B](A) many sellers and many buyers[/B]
(B) few sellers and few buyers
(C) few sellers and many buyers
(D) few buyers and many sellers

What is the meaning of the term stagflation?
(A) fall in prices due to less circulation of currency
(B) fall in employment due to declining production
[B](C) high inflation rate combined with high unemployment and unchanged consumer demand[/B]
(D) none of these

Which of the following is the most liquid?
[B]a. a savings account[/B]
b. a 6 month CD
c. a home
d. water

The govt can control inflation by
(A) Increasing demand for goods
[B](B) Increasing supply of goods[/B]
(C) Increasing money supply
(D) Decreasing taxes

'From each according to his ability, to each according to his need' is the theoretical slogan of
(A) Feudal System
(B) Capitalist System
(C) Fascist System
[B](D) Communist System[/B]

GATT is the abbreviation of which of the following:
(A) General Arrangement of Transport on Trade
(B) Government of America's Treaty on Trade
(C) Global Arrangement of Transport and Trade
[B](D) General Arrangement on Tariffs and Trade[/B]


In Pakistan taxes are levied by:
(A) Prime Minister
(B) President
(C) CAbinet
[B](D) National Assembly [/B]

Government spending & taxing policies are called:
(A) Monetary
[B](B) Fiscal[/B]
(C) Commercial
(D) Finance

Supply & Demand Model is a partial equilibrium model of
(A) Partial Equilibrium
(B) Equilibrium
[B](C) Economic Equilibrium[/B]
(D) Price Equilibrium[/QUOTE]Keep it up dear...share more regarding statistics & MBA/MPA

Sent from my SM-G935F using Tapatalk

Some MCQ's Part-2
 

Statistics

In inferential statistics, we study
[B]A) the methods to make decisions about population based on
sample results[/B]
B) how to make decisions about mean, median, or mode
C) how a sample is obtained from a population
D) None of the above

In descriptive statistics, we study
A) The description of decision making process
[B]B) The methods for organizing, displaying, and describing data[/B]
C) How to describe the probability distribution
D) None of the above

When data are collected in a statistical study for
only a portion or subset of all elements of interest we are using:
[B]A) A sample[/B]
B) A Parameter
C) A Population
D) Both b and c

In statistics, a sample means
A) A portion of the sample
[B]B) A portion of the population[/B]
C) all the items under investigation
D) none of the above

The height of a student is 60 inches. This is an
example of
A) Qualitative data
B) Categorical data
[B]C) Continuous data[/B]
D) Discrete data

Data in the Population Census Report is:
A) Grouped data
B) Ungrouped data
C) Secondary data
[B]D) Primary data[/B]
E) Arrayed data

Which of the following is not based on all the
observations?
A) Arithmetic Mean
B) Geometric Mean
C) Harmonic Mean
D) Weighted Mean
[B]E) Mode[/B]

Statistic is a numerical quantity, which is
calculated from:
A) Population
[B]B) Sample[/B]
C) Data
D) Observations

Which one of the following measurement does not
divide a set of observations into equal parts?
A) Quartiles
[B]B) Standard Deviations[/B]
C) Percentiles
D) Deciles
E) Median

Which branch of statistics deals with the techniques that are used to organize, summarize, and present
the data:
A) Advanced Statistics
B) Probability Statistics
C) Inferential Statistics
[B]D) Descriptive Statistics[/B]
E) Bayesian Statistics

You asked five of your classmates about their
height. On the basis of this information, you stated that the
average height of all students in your university or college is 67
inches. This is an example of:
A) Descriptive statistics
[B]B) Inferential Statistics[/B]
C) Parameter
D) Population

In statistics, conducting a survey means
[B]A) Collecting information from elements[/B]
B) Making mathematical calculations
C) Drawing graphs and pictures
D) None of the above

The algebraic sum of deviations from mean is:
A) Maximum
[B]B) Zero[/B]
C) Minimum
D) Undefined

In statistics, a population consists of:
A) All People living in a country
B) All People living in the are under study
[B]C) All subjects or objects whose characteristics are being studied[/B]
D) None of the above

Which one is the not measure of dispersion.
A) The Range
[B]B) 50th Percentile[/B]
C) Inter-Quartile Range
D) Variance

The sum of the deviations about the mean is always:
A) Range
[B]B) Zero[/B]
C) Total Standard Deviation
D) Positive
E) Negative

The middle value of an ordered array of numbers
is the
A) Mode
B) Mean
[B]C) Median[/B]
D) Mid Point

Which of the following is not a measure of central
tendency?
A) Percentile
B) Quartile
[B]C) Standard deviation[/B]
D) Mode

Which of the following divides a group of data
into four subgroups?
A) Percentiles
B) Deciles
C) Median
[B]D) Quartiles[/B]
E) Standard Deviation

The first hand and unorganized form of data is
called
A) Secondary data
B) Organized data
[B]C) Primary data[/B]
D) None of these

The data which have already been collected by
some one are called
A) Raw data
B) Array data
[B]C) Secondary data[/B]
D) Fictitious data

Census reports used as a source of data is
A) Primary source
[B]B) secondary source[/B]
C) Organized data
D) none

The grouped data is also called
A) Raw data
B) Primary data
[B]C) Secondary data[/B]
D) Qualitative data

Primary data and _____ data are same
A) Grouped
B) Secondary data
[B]C) Ungrouped[/B]
D) None of these

Questionnaire survey method is used to collect
A) Secondary data
B) Qualitative variable
[B]C) Primary data[/B]
D) None of these

Data collected by NADRA to issue computerized
identity cards (CICs) are
A) Unofficial data
B) Qualitative data
C) Secondary data
[B]D) Primary data[/B]
E) None of these

Population census is conducted through
A) Sample survey
B) Accounting
C) Investigation
[B]D) Complete enumeration
[/B]

A parameter is a measure which is computed
from
[B]A) Population data[/B]
B) Sample data
C) Test statistics
D) None of these