11th Class Economics MCQ Test With Answer for Economics Full Book

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.

ICS Part 1 Economics Full Book Test

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Economics Ics Part 1 English Medium Online Test

Try The Economics Ics Part 1 English Medium Online Test

  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Online Test

00:00
Question # 1

When total product (TP) reaches its maximum, Marginal product (MP) is_

Question # 2

Land means

Question # 3

A monopoly generally

Question # 4

With decrease in price of bonds, rate of interest

Question # 5

The minimum wage is an example of

Question # 6

If in a production process, all inputs are increased by 10% and output increase by less than 10%, then it is called

Question # 7

With an increase in cost of production, price of the product rises while supply of the product will.

Question # 8

How many kinds of Function

Question # 9

Economics laws are:

Question # 10

One of the following does not represent imperfect competition.

Question # 11

Marginal revenue is always less than price at all level of output in

Question # 12

The concept of internal and external economics was given by.

Question # 13

The elasticity of demand of durable goods is

Question # 14

Which one is the third stage of production under law of variable proportions

Question # 15

Who is unemployed

Question # 16

The maximum number of parteners in a partnership is .

Question # 17

Which one is the non-economic activity.

Question # 18

In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the right. Then

Question # 19

Market system means

Question # 20

Which is true


Topic Test

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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

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ICS Part 1 Economics Important MCQ's

Sr.# Question Answer
1 Doctors get higher wages than clerks because
A. doctors are in short supply
B. doctors have more respect in society
C. doctors are organised in trade unions
D. people fear doctor's displeasure
2 Land is
A. hirable
B. not hirable
C. homogeneous
D. a form of capital
3 In case of a fall in supply.
A. Quantity supplied falls at the same price.
B. Quantity supplied rises at the same price.
C. Quantity supplied remain at the lower price.
D. None of the three
4 When the price of a product falls and as a concequence the demand for the product increase. it will be.
A. Rise of demands
B. Fall of demand
C. Extension of demand
D. Contraction on demand
5 Short run cost curves are.
A. v-shaped
B. Dish-shaped
C. U-shaped
D. L-shaped
6 To measure changes in purchasing power of money, we use
A. percentages
B. index numbers
C. averages
D. variables
7 Normal profit is
A. part of total cost
B. part of economic profit
C. part of fixed cost
D. total revenue minus total cost
8 Which statement is true?
A. Economics is a physical and normative science
B. Economics is a social and natural science
C. Economics is physical and positive science
D. Economics is a social and normative science
9 Market Price of Perishable
A. Commodities
B. Utility
C. Consumer
D. None of these
10 Under perfect competition MR and AR curves
A. are the same
B. are different
C. intersect each other
D. are parallel
ic

11th Class Economics English Medium Test

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  • Guest User

    Guest User

    10 Dec 2019

    very good

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  • Arbaz khan

    Arbaz khan

    25 Jul 2019

    if you have a job for 10 class students So.....!

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  • ali raza siddiqui

    ali raza siddiqui

    18 Jul 2019

    good

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  • Fahad

    Fahad

    04 Jan 2019

    Now

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  • Asad bhatti

    Asad bhatti

    09 Dec 2018

    hmmm

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