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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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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
Which of the following is NOTa characteristic of perfect competition?
Question # 2
Every factor of production gets reward equal to
Question # 3
The maximum number of parteners in a partnership is .
Question # 4
Buyers and sellers under perfect competition are.
Question # 5
A schedule of the amount of a good that would be offered for sale at all possible prices, at any one instant of time or during any period of time are called
Question # 6
The number of goods and services which one unit of a product can command in exchange for it is its.
Question # 7
One of the following is an example of monopoly.
Question # 8
When the supply curve of a product is parallel to the vertical axis, it would mean that;
Question # 9
Variable are represented by symbol
Question # 10
In economics, one or more persons sharing common consumer budget is called
Question # 11
Normal profit is attained where:
Question # 12
Wealth of Nations was written by
Question # 13
Different kinds of imperfect competition are.
Question # 14
The good which are used to produce more goods are.``
Question # 15
One of the following will not be an assumption of the law of diminishing marginal utility.
Question # 16
All the following are U-shape except
Question # 17
When a firm using a fixed amount of land and capital takes on more workers, it finds that marginal product(MP) of labour falls but the average product(AP) of labour rises. This can be explained by the factors that
Question # 18
The utility of an additional unit of a product is
Question # 19
Total cost = Total variable cost in the.
Question # 20
The following are causes of shift in demand EXCEPT the one
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 | Economic wants. |
A. Can unlimited
B. Capital goods
C. Social goods
D. Public goods
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| 2 | Equilibrium of consumer is explained by |
A. negative utility
B. positive utility
C. marginal utility
D. profit
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| 3 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
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| 4 | Pakistan population is growing a rate of . |
A. 2 % per annum
B. 1. 8 % per annum
C. 2.9 % per annum
D. 2.2 % per annum
|
| 5 | Macro economics deals with |
A. how to buy groceries
B. aggregate economics activity
C. establishment of a new firm
D. industrial activity
|
| 6 | Productivity of capital depends upon |
A. quality of labour
B. quality of raw materials
C. quality of management
D. all of the above
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| 7 | Everyone should study economics is a |
A. positive statement
B. normative statement
C. true statement
D. nonsense
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| 8 | 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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| 9 | This is an assumption of law of demand |
A. price of the commodity does not change
B. quantity should not change
C. supply should not change
D. income of consumer should not change
|
| 10 | If a farmer moves from village to a town and establishes a small factory, it is a kind of mobility |
A. geographical
B. occupational
C. social
D. all of the above
|
11th Class Economics English Medium Test
Test Questions