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

ICS Part 1 Economics Chapter Wise 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

Start Test Download PDF

Economics Ics Part 1 English Medium Online Test

00:00
Question # 1

In economics, assumptions

Question # 2

A horizontal demand curve has a price elasticity of

Question # 3

A public limited company is run by

Question # 4

The quantities of a commodity offered for sale at different prices during a given period of time are called

Question # 5

The borrower has to pay interest because of

Question # 6

Geographical mobility is not possible for

Question # 7

WAPDA is a

Question # 8

If marginal product of labour rises because of new technology

Question # 9

Money wages are also called

Question # 10

The extent of market depends upon

Question # 11

Capital formation lakes place when

Question # 12

According to Malthus, population increase by

Question # 13

The law of variable proportions was presented by.

Question # 14

This is the assumption of law of demand

Question # 15

The sacrifice of an alternative use of resources to produce something is called its

Question # 16

Every country should have population

Question # 17

One of the cause of low wage rate in Pakistan is:

Question # 18

Market demand curve is a summation of all individual demand curves as

Question # 19

If we know that quantities bought and sold are equal, we can conclude that

Question # 20

Marginal land

Submit

Topic Test

00:00
Submit

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
  • Q
    Qazi Mohid 09 - Jun - 2026 05 Min 18 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
  • I
    insaan 06 - May - 2026 05 Min 02 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
  • F
    Fatima Rashid 01 - Sep - 2026 34 Min 46 Sec 12/20
  • Z
    Zain Waseem 15 - May - 2026 04 Min 21 Sec 11/20
  • R
    Rev AYUB EJAZ 26 - Jun - 2026 04 Min 39 Sec 10/20
  • 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
  • A
    Abdullah Jutt 28 - Jun - 2026 02 Min 50 Sec 8/20
  • A
    Aiman Sadaqet 11 - Jun - 2026 04 Min 36 Sec 8/20

ICS Part 1 Economics Important MCQ's

Sr.# Question Answer
1 Standard of living of workers depends upon their
A. nominal wages
B. real wages
C. average product
D. govt. policy
2 The demand of a will expand when:
A. Other things do not remain constant.
B. Price of the products changes.
C. Value of money falls.
D. None of the three
3 Increasing the minimum wage for workers will
A. solve the unemployment problem
B. result in scarcity of workers
C. cause substitution of capital for labour
D. decreases the MP of those workers
4 Who introduced indifference curves to explain consumer's beghavior
A. J.R Hicks
B. Marshall
C. Robbins
D. Adam Smith
5 The theory of optimum population was presentd by:
A. Cannon
B. Hicks
C. Keynes
D. Malthus
6 Economics laws are:
A. Statements of tendencies in economic behaviour
B. Unrealistic to deal with real economic problems.
C. Absolute and certain like the laws of physical science
D. Used to forecast the growth rate of an economy.
7 In factor market, which statement is true
A. wages are determined by MP
B. Rent is fixed by landlords
C. interest rate is determined by Govt.
D. profit is determined by luck
8 An important factor which promotes large scale production is:
A. Extant of market
B. Revolutionary changes in social life
C. Culture and civilization
D. All the three
9 For an individual farmer, rent paid by him
A. is part of cost and affects price of his product
B. does not enter into price of his product
C. is unjustified
D. cannot be determined
10 A seller can increase his sales revenue by charging a lower price, if the demand has
A. e < 1
B. e = 1
C. e > 1
D. e = 0
ic

11th Class Economics English Medium Test

ic

Test Questions