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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
When price increases, supply:
Question # 2
Number of factors of production is
Question # 3
The most important and basic factor of production is
Question # 4
Perfectly inelastic supply curve is:
Question # 5
Tractor, harvester, thrasher etc are the examples of factor of production
Question # 6
In modern term, factors of production are called
Question # 7
If price decreases but supply remains constant, it is called:
Question # 8
In case of horizontal supply curve, Es is:
Question # 9
When supply decreases due to fall in price, it is called:
Question # 10
Third factor of production is called
Question # 11
One of the following is not included in labour
Question # 12
Stock means the quantity:
Question # 13
In economics, every mental or physical struggle undertaken for reward, is called
Question # 14
When price decreases, supply:
Question # 15
If quantity supplied changed in response to change in price, is known as:
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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M Minahil Asif 04 - Jun - 2024 01 Min 00 Sec 15/15 -
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 -
A Arzoo Qaiser 30 - Jan - 2026 01 Min 35 Sec 14/15 -
F fatima raja 26 - Nov - 2023 01 Min 41 Sec 14/15 -
H Huzaira Azam 13 - Nov - 2023 02 Min 17 Sec 14/15 -
F Farnaz Azam 11 - Nov - 2023 02 Min 26 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 -
M Mohammad Hassan Javed 18 - Jun - 2022 00 Min 48 Sec 12/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Mental or physical work undertaken for reward by human being is called |
A. Land
B. Labour
C. Capital
D. Organization
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| 2 | In economics, every mental or physical struggle undertaken for reward, is called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 3 | Free gift of nature is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 4 | Fourth factor of production is called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | If quantity supplied changed in response to change in price, is known as: |
A. Ed
B. Es
C. More Elastic
D. Less Elastic
|
| 6 | Cannot be separated from labourer |
A. Land
B. Labour
C. Capital
D. Organization
|
| 7 | Second factor of production is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 8 | If the rate of change in price and quantity supplied is equal then: |
A. Es = 0
B. Es = 1
C. Es > 1
D. Es < 1
|
| 9 | Supply curve slope is: |
A. Positive
B. Vertical
C. Negative
D. Horizontal
|
| 10 | Production of a commodity depends upon four factors of production i.e. land, labour, capital and organization |
A. According to classical economists
B. According to Neo classical economists
C. According to modern economists
D. According to Austrian school of thought
|
Test Questions