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Economics is the main subject for the ICS students. Economics is widely taught in all college and universities by expert and professional teachers. Students of Arts can choose the subject according to their choice. It is up to the choice of the students.
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The students can easily can access the topics very easily There is 20% objective is compulsory in the paper. Thousands of MCQ for ICS students are uploaded for the convenience of the students so that they can prepare well and pass the exams with notable grades. Economics online ICS test is the unique opportunity is the unique opportunity for the students. It is not only make the students more proficient, but it also makes the the students more erudite.
Students of ICS class can examine their preparation by this online test system as many times as they want until they find their self fully able. ICS students are advised to attempt this online test for economics paper.
Economics Ics Part 1 English Medium Online Test
Try The Economics Ics Part 1 English Medium Online Test
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Online Test
00:00
Question # 1
Law of diminishing returns applies more in:
Question # 2
Land is
Question # 3
The concept of quasi rent was given by.
Question # 4
Economic problems arises because of.
Question # 5
The number of goods and services which one unit of a product can command in exchange for it is its.
Question # 6
A firm decides to shut down production temporarily when
Question # 7
Marginal revenue is always less than price at all levels of output in
Question # 8
A decrease in demand causes the equilibrium price to
Question # 9
An increases in demand would cause supply curve to
Question # 10
When there is big change in quantity supplied resulting from a minor change inits price,its elasticity of supply will be.
Question # 11
An important factor which promotes large scale production is:
Question # 12
If the government supplies a product at a price less than the equilibrium price, it will create:
Question # 13
A competitive firm is in equilibrium in the long-run where:
Question # 14
Geographical mobility is not possible for
Question # 15
Which one is not determinant of demand
Question # 16
When diseconomies of scale outweigh economies of scale the
Question # 17
The production function relates to
Question # 18
Factors of production are recently termed as.
Question # 19
Which of the following is NOTa characteristic of perfect competition?
Question # 20
Production in economic means
Here is List Of Chapter Wise Tests
| Ch. # | Test Name | MCQs Available | PDF File | Launch Test |
|---|---|---|---|---|
| 1 | Economics Ics Part 1 English Medium Chapter 1 Online Test | 66 | Download PDF | Launch Test |
| 2 | Economics Ics Part 1 English Medium Chapter 2 Online Test | 37 | Download PDF | Launch Test |
| 3 | Economics Ics Part 1 English Medium Chapter 3 Online Test | 38 | Download PDF | Launch Test |
| 4 | Economics Ics Part 1 English Medium Chapter 4 Online Test | 46 | Download PDF | Launch Test |
| 5 | Economics Ics Part 1 English Medium Chapter 5 Online Test | 41 | Download PDF | Launch Test |
| 6 | Economics Ics Part 1 English Medium Chapter 6 Online Test | 32 | Download PDF | Launch Test |
| 7 | Economics Ics Part 1 English Medium Chapter 7 Online Test | 36 | Download PDF | Launch Test |
| 8 | Economics Ics Part 1 English Medium Chapter 8 Online Test | 31 | Download PDF | Launch Test |
| 9 | Economics Ics Part 1 English Medium Chapter 9 Online Test | 24 | Download PDF | Launch Test |
| 10 | Economics Ics Part 1 English Medium Chapter 10 Online Test | 51 | Download PDF | Launch Test |
| 11 | Economics Ics Part 1 English Medium Chapter 11 Online Test | 40 | Download PDF | Launch Test |
| 12 | Economics Ics Part 1 English Medium Chapter 12 Online Test | 39 | Download PDF | Launch Test |
Top Scorers of Economics Ics Part 1 English Medium Online Test
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L Laiba Muqaddas 24 - Jul - 2024 03 Min 25 Sec 20/20 -
Q Qazi Mohid 09 - Jun - 2026 05 Min 18 Sec 14/20 -
S Saima Zahid 13 - Jul - 2024 03 Min 15 Sec 13/20 -
N Naeem Baber 10 - Nov - 2024 04 Min 02 Sec 12/20 -
I insaan 06 - May - 2026 05 Min 02 Sec 12/20 -
L Laiba Sehar45 15 - Nov - 2024 05 Min 35 Sec 12/20 -
E Erum Ansar 13 - Nov - 2024 06 Min 37 Sec 12/20 -
F Fatima Rashid 01 - Sep - 2026 34 Min 46 Sec 12/20 -
Z Zain Waseem 15 - May - 2026 04 Min 21 Sec 11/20 -
R Rev AYUB EJAZ 26 - Jun - 2026 04 Min 39 Sec 10/20 -
H Hijab Fatima 14 - Jul - 2024 11 Min 03 Sec 10/20 -
E Elham Ameer 19 - Nov - 2025 00 Min 16 Sec 8/20 -
E Eman Fatima 20 - Jul - 2024 00 Min 17 Sec 8/20 -
A Abdullah Jutt 28 - Jun - 2026 02 Min 50 Sec 8/20 -
A Aiman Sadaqet 11 - Jun - 2026 04 Min 36 Sec 8/20
ICS Part 1 Economics Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | When demand is perfectly elastic, an increase in supply will result in |
A. decrease in quantity sold
B. increase in quantity sold
C. fall in price
D. b and c above
|
| 2 | Reward of which factor of production is not pre-determined? |
A. labour
B. land
C. capital
D. organisation
|
| 3 | The utility of durable consumer goods. |
A. Diminishes with the passage of time
B. Perishes, if not used
C. Can be obtained constantly
D. None of the three
|
| 4 | Commercial economics are a pat of: |
A. Internal economics
B. External economics
C. Economies of scale
D. None of the three
|
| 5 | One of the following can be registered in a stock exchange. |
A. Business under partnership
B. Cooperative society
C. Join stock company
D. Sole proprietorship
|
| 6 | To promote capital investment in a country, what is essentially required is. |
A. Basic infrastructure
B. Bank credit
C. Law and ordered
D. Stock broker
|
| 7 | If marginal product of labour rises because of new technology |
A. wages will rise
B. wages will fall
C. wages will be unaffected
D. may raise or fall
|
| 8 | When MU is positive, TU |
A. increases
B. decreases
C. remains constant
D. is maximum
|
| 9 | One of the following is not an assumption of law of supply. |
A. Political system should not changed
B. Cost of production should not changed
C. Production technique should not changed
D. Cost of raw material should not changed
|
| 10 | Excise tax is a part of |
A. fixed cost
B. variable cost
C. implicit cost
D. in not a part of cost
|
11th Class Economics English Medium Test
Test Questions
Share your comments & questions here
Guest User
10 Dec 2019very good
Arbaz khan
25 Jul 2019if you have a job for 10 class students So.....!
ali raza siddiqui
18 Jul 2019good
Fahad
04 Jan 2019Now
Asad bhatti
09 Dec 2018hmmm