You'll need a signal generator and oscilloscope, both ideally 2 channels. If you don't have them, perhaps you can input a signal to the phono jacks using a computer or smart phone based app, and do comparison testing between channels with the VAC function of your DMM.
Alternatively you could just use resistance testing and hope to find it. I assume the phono jacks share the same ground. So ground your ohm meter lead.
Since it's stereo, each component in the channel path is the same up to what's probably a dual opamp in a single package, and again the same up to the selector switch.
Now, check resistance from ground to the first component in each signal chain, they should be "comparable". You'll see some variation, but it should be close between the same points in each channel.
If everything checks out to the selector switch, try checking after the switch, but it'll probably then get very complicated due to all the additional switches and features.
The opamp. Down load the data sheet for it and test for correct VDC on its supply pins. Very important to do this.
Without a signal input and scope I don't know how to test if it's good. But if it's socketed, you may be able to swap it with another and see if it's blown.
On my PL2000 preamps, it's all caps, resistors, and one opamp, to the selector switch. And that opamp runs off lower voltage rails then the others due to phono being a lower level source. If B+ and B- rail voltage is too low for the phono opamp to work, no phono, but the other modes like FM would still work as they get a higher voltage.
So also ensure your power supply and distribution is spot on. Matter of fact, always check the power supply output and rail voltages first. It should have 3 rails, B+, B-, and ground if it has a center tap transformer, like I think it does.
Hope this helps.