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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
Law of equimarginal utility is also called.
Question # 2
Geographical mobility is not possible for
Question # 3
The correlation between average wage (AW) and marginal wage (MW) under perfect competition is .
Question # 4
An increases in the price of mutton provides information which
Question # 5
Which of the following is a demand function?
Question # 6
In the long run under perfect competition a firm produces at a point where
Question # 7
The borrower has to pay interest because of
Question # 8
If a change in demand is brought by a change in income, of demand will be.
Question # 9
A joint stock company has
Question # 10
Which is the general form of quadratic equation
Question # 11
One of the following will not cause a rise and fall on demand.
Question # 12
The demand curve slopes downward from left to right because of:
Question # 13
Labour intensive technique of production means.
Question # 14
One of the following is gift of a nature .
Question # 15
Normal profit is called normal because
Question # 16
When the demand of a product rises due to factors except price it will be.
Question # 17
Shopkeepers are also producers because in goods, they produce.
Question # 18
This is a tool in economic studies
Question # 19
A horizontal demand curve has a price elasticity of
Question # 20
When cross elasticity of demand for A and B is positive number, one 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 |
| 13 | 36 | Download PDF | Launch Test | |
| 14 | 36 | Download PDF | Launch Test | |
| 15 | 30 | Download PDF | Launch Test | |
| 16 | 36 | Download PDF | Launch Test | |
| 17 | 43 | 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
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Trade Unions in Pakistan are unable to get an increase in wage rates because of : |
A. Minimum wage law
B. Low labour efficiency
C. Capital intensive projects
D. Lack of Natural resources
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| 2 | Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is |
A. 10%
B. 30%
C. 3
D. 1/3
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| 3 | In case of perfect competition in the market |
A. marginal revenue curve always slopes upward
B. marginal revenue curve always slopes downward
C. marginal revenue is always equal to average revenue
D. marginal revenue is always less than to average revenue
|
| 4 | An increases in demand would cause supply curve to |
A. shift to the left
B. shift to the right
C. change in slope of supply curve
D. no effect on supply
|
| 5 | Who was the exponent of welfare economics. |
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
|
| 6 | 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
|
| 7 | For production of goods we need factors |
A. few
B. 2
C. 4
D. unlimited
|
| 8 | When diseconomies of scale outweigh economies of scale the |
A. long run AC curve rises
B. marginal cost falls
C. long run ATC curve falls
D. AVC falls
|
| 9 | Intensive cultivation means. |
A. Extending land for cultivation
B. Use of more input at the same land
C. More input and more land to be used`
D. More land and less labour to be used
|
| 10 | If elasticity of demand is very low it shows that the commodity is |
A. a necessity
B. a luxury
C. has little importance in total budget
D. a and c above
|
| 11 | A group of buyers and sellers that exchange a goods or services at a price are called |
A. Market
B. Commodity
C. Place
D. None of these
|
| 12 | Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
A. 1776
B. 1998
C. 1931
D. 1936
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| 13 | When total product rises marginal product. |
A. Remains the same
B. Falls
C. Also rises
D. None of the three
|
| 14 | Law of demand shows relation between |
A. income and price of commodity
B. price and quantity of a commodity
C. income and quantity demanded
D. quantity demanded and quantity supplied
|
| 15 | Utility is most closely related to the term |
A. useful
B. useless
C. necessary
D. satisfaction
|
| 16 | :It is not possible to separate marginal revenue product of each factor of production:. It was said by: |
A. Carver
B. Hobson
C. Hansen
D. Hicks
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| 17 | Price and demand are positively correlated in case of |
A. necessities
B. comforts
C. Giffen goods
D. Luxuries
|
| 18 | Net rent is also called. |
A. Different rent
B. Quasi rent
C. Scarcity rent
D. Economic rent
|
| 19 | A firm attains sub-normal profit when: |
A. AR = AC
B. AR < AC
C. AR > AC
D. TR < TC
|
| 20 | Who is unemployed |
A. housewife
B. college student
C. a peer who lives on gifts from mureeds
D. a freshly graduated engineer who is searching for a job
|
11th Class Economics English Medium Test
Test Questions
