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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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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
Gov. of Pakistan introduced labour policy for the first time in.
Question # 2
Economics laws
Question # 3
The transformation of resources into economic gods and services is
Question # 4
In economics, one or more persons sharing common consumer budget is called
Question # 5
The following are causes of shift in demand EXCEPT the one
Question # 6
When marginal revenue is zero, total revenue is
Question # 7
The position of the firm when it is earning maximum of profit and Profit = Total Revenue - Total cost are called
Question # 8
When demand is perfectly elastic, an increase in supply will result in
Question # 9
How many various forms of capital
Question # 10
The total quantity of a commodity available in or near the market which can be brought for sale at a short notice
Question # 11
Saqib graduated one month ago. He is still unemployed. His unemployment is
Question # 12
The demand for a product is inelastic. In order to increase government revenue, the finance minister will :
Question # 13
Law of equimarginal utility is also called.
Question # 14
Who present the Arc Elasticity formula for the measurement of elasticity of demand.
Question # 15
When the price of a product falls and as a concequence the demand for the product increase. it will be.
Question # 16
Economics is a science
Question # 17
How many functions of capital
Question # 18
In mathematics which letters at the end of alphabet are used to represent variables
Question # 19
The products which are not priced in the market are called .
Question # 20
If we know that quantities bought and sold are equal, we can conclude that
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 -
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 ______ is something which is measurable and can take on different values |
A. Variable
B. Constant
C. Both a and b
D. None of these
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| 2 | They are included in labour expect |
A. college principle
B. professors
C. office clerk
D. students
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| 3 | If a firm shuts down temporarily, it will incur loss equal to |
A. AFC
B. AVC
C. TFC
D. TVC
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| 4 | Marginal product indicates rate of change of |
A. total product
B. average product
C. variable product
D. all of the above
|
| 5 | The method to measure the elasticity of demand by the unitary method was introduced by. |
A. Alfred Marshall
B. Robbins
C. Adam Smith
D. Malthus
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| 6 | The product which have close substitute their demand is always. |
A. More elastic
B. Perfectly elastic
C. Perfectly inelastic
D. Less elastic
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| 7 | Productivity of land can be raised by |
A. decreasing farm size
B. intensive cultivation
C. better marketing
D. increasing money supply
|
| 8 | In which form the largest percentage of national income is earned |
A. interest income
B. proprietor's income
C. employees' income
D. rental income
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| 9 | .Which one is not an economic want. |
A. Want for food
B. Want to be a doctor
C. Want to fall in love
D. Non of the above
|
| 10 | A factory is an example of |
A. capital
B. natural resources
C. entrepreneurship
D. none of the above
|
11th Class Economics English Medium Test
Test Questions