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

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Question # 1

The demand for a product is inelastic. In order to increase government revenue, the finance minister will :

Question # 2

Prof. Robins wrote a book in 1931 entitled.

Question # 3

Land means nature resources which are available.

Question # 4

The submit the plan to the Registrar of Joint Stock Companies along with ______ documents

Question # 5

Which one of the following is a day to day market.

Question # 6

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

Question # 7

When the percentage change in quantity demanded is greater than the percentage change in price, elasticity of demand for the product will be.

Question # 8

Marginal land

Question # 9

Other things remaining the same, quantity supplied of a commodity increases with rise in price and decreases with fall in price are called

Question # 10

Which of the following shifts supply curve of cars to the right

Question # 11

When MU is positive, TU

Question # 12

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

Question # 13

An economic unit, which is independent to take decisions regarding the production and sale of goods are called

Question # 14

TC

Question # 15

Economic laws can be define as .

Question # 16

Products A and B are substitutes whereas A and C are complement. With a rise in the price of product A, quantity demand of:

Question # 17

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

Question # 18

Labour is hirable but you cannot hire

Question # 19

Human wants are

Question # 20

A firm attains sub-normal profit under perfect competition when its:


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 TC
A. rises continuously
B. falls then rises
C. is horizontal to x-axis
D. is parallel to y-axis
2 In case of perfectly elastic demand curve, the demand curve will be parallel to the.
A. Horizontal Axis
B. Vertical Axis
C. None of the above
3 It describes the law of supply
A. supply curve
B. supply schedule
C. supply equation
D. all the three
4 Variable are represented by symbol
A. V
B. U
C. P
D. C
5 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
6 These are kinds of capital EXCEPT
A. fixed capital
B. expensive capital
C. working capital
D. real capital
7 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
8 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital
9 The main object of trade unions is to:
A. Strength the bargaining position of labour
B. Get jobs for the employed persons
C. Get recreational facilities
D. Get free meals
10 Which one is the third stage of production under law of variable proportions
A. Decreasing average returns
B. Increasing average return
C. Negative marginal return
D. Increasing marginal return
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11th Class Economics English Medium Test

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Test Questions

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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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