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This online test contains MCQs about following topics:
. Land . Characteristics of land . Importance of land . labour . Importance of labour . Characteristics of labour . Capital . Importance of capital . Functions of capital . Organization
ICOM Part 1 Economics Ch 4 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 4 "Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test"
Try The MCQ's Test For Chapter 4 "Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test
00:00
Question # 1
In case of horizontal supply curve, Es is:
Question # 2
If price increases but supply remains constant, it is called:
Question # 3
Which factor can not be stored
Question # 4
Factor of production which is used to earn more income, is called
Question # 5
As factor of production, river and sea are called
Question # 6
Second factor of production is
Question # 7
The factor of production which is used to produce more wealth or increase income is called
Question # 8
One of the following is not included in the characteristics of land
Question # 9
River, sea, forests, rain are called
Question # 10
The most important and basic factor of production is
Question # 11
When price increases, supply:
Question # 12
If quantity supplied changed in response to change in price, is known as:
Question # 13
The relationship between price and quantity supplied is:
Question # 14
Cannot be separated from labourer
Question # 15
One of the following is not included in labour
11th Principle of Economics Chapter 4 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 4 Factors of Production Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 4 "Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test" MCQ`s Test
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Z Zayn 24 - Jul - 2021 01 Min 13 Sec 15/15 -
S Subtain Ahmed Raza 21 - Jul - 2023 01 Min 18 Sec 15/15 -
A Abeer 08 - Feb - 2024 01 Min 40 Sec 15/15 -
M Medicine 09 - Dec - 2023 02 Min 48 Sec 15/15 -
F fatima raja 26 - Nov - 2023 01 Min 41 Sec 14/15 -
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F Farnaz Azam 11 - Nov - 2023 02 Min 26 Sec 14/15 -
S Samar 14 - Jul - 2021 02 Min 27 Sec 14/15 -
M Muhammad Hammad Shekhani 30 - Jun - 2021 04 Min 23 Sec 14/15 -
I Ibrahim Atif 15 - Dec - 2023 01 Min 46 Sec 13/15 -
M Mavis Hayaat 24 - Mar - 2024 02 Min 18 Sec 13/15 -
Z Zeeshan 07 - Nov - 2021 03 Min 02 Sec 13/15 -
U umer 06 - Aug - 2024 03 Min 39 Sec 13/15 -
O Oneeza 26 - Aug - 2021 10 Min 50 Sec 13/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Supply curve slope is: |
A. Positive
B. Vertical
C. Negative
D. Horizontal
|
| 2 | Stock means the quantity: |
A. Sold in market
B. Which is offered for sale
C. Which exist in warehouse
D. Of total production
|
| 3 | In case of horizontal supply curve, Es is: |
A. Mero than unity
B. Less than unity
C. Zero
D. Infinite
|
| 4 | In modern term, factors of production are called |
A. Inputs
B. Productive services
C. Inputs and productive services
D. Production of goods and services
|
| 5 | Free gift of nature is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 6 | If quantity supplied changed in response to change in price, is known as: |
A. Ed
B. Es
C. More Elastic
D. Less Elastic
|
| 7 | Third factor of production is called |
A. land
B. labour
C. capital
D. organization
|
| 8 | Factor of production which is used to earn more income, is called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 9 | One of the following is not called land |
A. Rain
B. Mountain
C. Forests
D. Mangla Dam
|
| 10 | Second factor of production is |
A. Land
B. Labour
C. Capital
D. Organization
|
Test Questions
