SPSC Lecturer Economics Past Paper 2024

SPSC Lecturer Economics Past Papers MCQs is a helpful source for candidates preparing for lecturer positions in economics.

SPSC Lecturer Economics Past Paper MCQs

What is a similar word to “Abhor”?

1. See
2. Hate
3. Equipe
4. None of the above

synonym of lethargy is?

1. serenity
2. laxity
3. active
4. bold

We gave __ a meal?

1. At the visitors
2. For the visitors
3. The visitors
4. None of these

The synonym of ARROGANT is?

1. Conceited
2. Kind
3. Polite
4. All of these

Antonym of EXPAND is ___?

1. Condense
2. Convert
3. Conclude
4. Congest

Which of the following is a tool of fiscal policy?

1. Open market operations
2. Discount rate
3. Government spending
4. Reserve requirement

A profit-maximizing firm under perfect competition will produce?

1. Only in the first stage of production
2. Never in the range where MP is diminishing
3. Always in the range where MP is diminishing
4. Never in the range where AP is diminishing
5. Always in the range where AP is rising

The market structure of monopoly is characterized by?

1. A single firm producing a good that lacks close substitutes
2. Differentiated products produced by different firms
3. Marginal revenue [MR] is less than the price for several firms
4. Extensive non-price competition

What is the primary objective of a central bank’s monetary policy?

1. Maximizing Government revenue
2. Achieving price stability and controlling inflation
3. Generating profits for shareholders
4. Encouraging consumer spending

Which sector typically contributes the largest share to Pakistan’s GDP (Gross Domestic Product)?

1. Agriculture
2. Services
3. Industry
4. Information Technology and Telecommunication