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

Start Full Book Test

Ilmkidunya is first free educational site which has offered new reliable exams system for online exams preparation for the SSC FA part 1 class. Students of the economics can also prepare their subjective paper from ilmkidunya. Ilmkidunya provides the unique chance to the ICS students. The entire important question is available on the website. ICS students can find this page more helpful. On this online test page, ICS Part 1 students can assess their self for passing exams with the excellent Grades. The online Economics question papers and objective papers provide the unique help to the students. Students can prepare the exams in a better way.

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

  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Online Test

00:00
Question # 1

normative economics

Question # 2

The law of demand will not be apply in case of

Question # 3

Change in total cost on the production of one additional unit of output is calculated as .

Question # 4

If price elasticity of demand is very low, the commodity is

Question # 5

In production of goods, negative returns in the short run imply that

Question # 6

The market of refrigerators in general is called:

Question # 7

Net investment equals Gross investment MINUS

Question # 8

A fall fall in supply will take place due to a:

Question # 9

The capital laying in the deposits of commercial bank is called.

Question # 10

Trade Unions in Pakistan are unable to get an increase in wage rates because of :

Question # 11

Which is true

Question # 12

The rent which is paid in the short run due to perfectly inelastic supply of a factor is known as.

Question # 13

A horizontal demand curve has a price elasticity of

Question # 14

Under marginal productivity theory, reward for labour is determined by

Question # 15

Different prices are charged from different customers of the same product. This is called.

Question # 16

Consists of all kinds of wealth, other than free gifts of nature, which yield income are called

Question # 17

When MU=0, TU is

Question # 18

Variable cost of production are also called.

Question # 19

One of the following NOT a assumption of the marginal productivity theory

Question # 20

A short period market is the market of.


Topic Test

00:00

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

  • L
    Laiba Muqaddas 24 - Jul - 2024 03 Min 25 Sec 20/20
  • U
    Uzair Ahmad 10 - May - 2024 01 Min 39 Sec 19/20
  • Z
    Zafar Ali 24 - May - 2024 00 Min 12 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
  • A
    Abdullah 10 - May - 2024 05 Min 26 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
  • S
    Shaniza Shahbaz 14 - May - 2024 05 Min 38 Sec 11/20
  • A
    Amjad Bajwa 01 - Jun - 2024 07 Min 39 Sec 11/20
  • 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
  • D
    DEMON TECH 31 - Oct - 2024 05 Min 24 Sec 8/20
  • M
    Muhammad nouman 11 - Nov - 2024 05 Min 34 Sec 8/20

ICS Part 1 Economics Important MCQ's

Sr.# Question Answer
1 A firm decides to exit the industry when
A. AC starts rising
B. MC starts rising
C. price is less than LAC
D. TC starts rising
2 Supply curve
A. is vertical in long run
B. is flatter in long run
C. is same in long and short run
D. is horizontal in both short and long run
3 Stock exchange is market where we can buy:
A. Shares
B. Foreign exchange
C. Factors of production
D. Consumer goods
4 Fixing of minimum wage
A. raises demand for labour
B. raises profits
C. causes unemployment
D. is welcomed by employers
5 MC is given by slope of
A. TFC
B. TC
C. ATC
D. AVC
6 Scarcity of goods means
A. non availability of goods
B. high price of goods
C. People don't want to get such goods
D. the good is available but it is not free
7 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
8 Robbins definition of economics spell out the existence of
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
9 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization
10 Macro economics deals with
A. how to buy groceries
B. aggregate economics activity
C. establishment of a new firm
D. industrial activity
ic

11th Class Economics English Medium Test

ic

Test Questions

Is this page helpful?

Share your comments & questions here

Guest
  • Guest User

    Guest User

    10 Dec 2019

    very good

    Like
    Reply
  • Arbaz khan

    Arbaz khan

    25 Jul 2019

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

    Like
    Reply
  • ali raza siddiqui

    ali raza siddiqui

    18 Jul 2019

    good

    Like
    Reply
  • Fahad

    Fahad

    04 Jan 2019

    Now

    Like
    Reply
  • Asad bhatti

    Asad bhatti

    09 Dec 2018

    hmmm

    Like
    Reply