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11th Class Economics English Medium Test

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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.

Top Scorers of Economics Ics Part 1 English Medium Online Test

A

Abdul Haleem

Lahore05 - May - 2025

20/20
01 Mins 18 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
01 Mins 18 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
01 Mins 18 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
01 Mins 18 Sec
A

Abdul Haleem

Lahore05 - May - 2025

19/20
01 Mins 18 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
51 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
01 Mins 18 Sec

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

Sr. # Questions Answers Choice
1 A firm earns economic profit when total profit exceeds
  • A. normal profit
  • B. implicit costs
  • C. explicit costs
  • D. variable costs
2 The minimum wage is an example of
  • A. price floor
  • B. price ceiling
  • C. equilibrium wage
  • D. efficiency of labour
3 Who was the founder of classical school of thought?
  • A. Adam Smith
  • B. Marshall
  • C. Keynes
  • D. Maithus
4 Which laws are always subjected to certain conditions.
  • A. Social
  • B. Political
  • C. Moral
  • D. Economic
5 A monopoly firm is in equilibrium when
  • A. MC intersects AC
  • B. MC intersect MR
  • C. AC intersects AR
  • D. TC intersects TR
6 Stock exchange is market where we can buy:
  • A. Shares
  • B. Foreign exchange
  • C. Factors of production
  • D. Consumer goods
7 If demand is unitary elastic, a 25% increase in price will result in
  • A. 25% change in total revenue
  • B. no change in quantity demanded
  • C. 1% decrease in quantity demanded
  • D. 25% decrease in quantity demanded
8 Profits arise
  • A. only in monopoly
  • B. because of uncertainty
  • C. shortage of goods
  • D. like interest
9 Scarcity means
  • A. non availability of goods
  • B. high price of goods
  • C. less supply than demand
  • D. high profit of the firms
10 A firms reaches its shut down point where:
  • A. AC > AR
  • B. AC = AR
  • C. AC< AR
  • D. AVC = AR

Share your comments questions here
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  • Muzamil Habib

    12 Dec 2024

    urdu medum economic kasy test da

    Like (2)
    Reply
  • Muzamil Habib

    12 Dec 2024

    aoa

    Like
    Reply
  • Muhammad Hasan Asim

    18 Jan 2024

    which book of ecnomics for ics part one

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    Reply
  • G

    Guest User

    27 Dec 2019

    nice

    Like (1)
    Reply
  • G

    Guest User

    10 Dec 2019

    very good

    Like (1)
    Reply
  • A

    Arbaz Khan

    25 Jul 2019

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

    Like
    Reply
  • A

    Ali Raza Siddiqui

    18 Jul 2019

    good

    Like (1)
    Reply
  • F

    Fahad

    04 Jan 2019

    Now

    Like (1)
    Reply
  • A

    Asad Bhatti

    09 Dec 2018

    hmmm

    Like (1)
    Reply
  • M

    Mustaqeem Uddin

    03 Dec 2017

    sw

    Like (1)
    Reply
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