SPSC Lecturer Economics Past Paper 2024

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What is the similar meaning word of "Virtue"?
  1. Vice
  2. Appropriate
  3. Evil
  4. Goodness
At any level of output where short run average cost curve is tangent to the long run average cost curve then we also have?
  1. LMC > SMC
  2. LMC < SMC
  3. LMC = SMC
  4. LMC = LAC
  5. LMC < SMC
In monopolistic competition, long-run equilibrium involves?
  1. Zero economic profit
  2. Perfect price discrimination
  3. Excess capacity
  4. Homogeneous products
If the elasticity of demand for a product is -0.5, this means that ::?
  1. Demand is perfectly elastic
  2. Demand is inelastic
  3. Demand is unit elastic
  4. Demand is elastic
If Fiscal Policy is trying to promote stability and economic growth through tax cuts, what type of policy is Fiscal policy using?
  1. Expansionary Fiscal Policy
  2. Restrictive Fiscal Policy
  3. Easy Money Policy
  4. Tight Money Policy
MFN is the abbreviation of?
  1. The most favored nation
  2. The most favorite nation
  3. The most friendly nation
  4. None of these
How much_____where you live?
  1. Do houses cost
  2. Does houses cost
  3. Does cost houses
  4. Do cost house
Which one is the synonym for "humble"?
  1. Modest
  2. Headstrong
  3. Timeless
  4. None of these
The monetary base consists of the?
  1. Reserve at the Federal Reserve plus vault cash
  2. Deposits of member banks at the Federal reserve
  3. Euro-dollars and foreign deposits at the Federal Reserve
  4. Reserves plus currency in circulation

Also Read:  SPSC Past Papers MCQs for all previous years online

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