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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
As factor of production, river and sea are called
Question # 2
River, sea, forests, rain are called
Question # 3
Immortal factor production is
Question # 4
The relationship between price and quantity supplied is:
Question # 5
Mental or physical work undertaken for reward by human being is called
Question # 6
If an entrepreneur does service, in economics it is called
Question # 7
In case of horizontal supply curve, Es is:
Question # 8
The factor of production which is used to produce more wealth or increase income is called
Question # 9
In modern term, factors of production are called
Question # 10
If quantity supplied changed in response to change in price, is known as:
Question # 11
If price increases but supply remains constant, it is called:
Question # 12
If 50% change in supply in response to 50% change in price then:
Question # 13
When price decreases, supply:
Question # 14
Production of a commodity depends upon four factors of production i.e. land, labour, capital and organization
Question # 15
One of the following is not called land
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 | In modern term, factors of production are called |
A. Inputs
B. Productive services
C. Inputs and productive services
D. Production of goods and services
|
| 2 | When price decreases, supply: |
A. Contracts
B. Expands
C. Remains fixed
D. Becomes zero
|
| 3 | Which factor can not be stored |
A. Land
B. Labour
C. Capital
D. Organization
|
| 4 | Quantity of a commodity which is offered for sale in a market is called: |
A. Trade
B. Supply
C. Demand
D. Stock
|
| 5 | Causes of shifting in supply curve is: |
A. Change in technique
B. Change in cost
C. Change in tax
D. All of them
|
| 6 | Immortal factor production is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 7 | Cannot be separated from labourer |
A. Land
B. Labour
C. Capital
D. Organization
|
| 8 | One of the following is not included in the characteristics of labour |
A. Labour and labourer cannot be separated
B. Labour can be stored
C. Labour has limited mobility
D. Supply of labour is inelastic
|
| 9 | If quantity supplied changed in response to change in price, is known as: |
A. Ed
B. Es
C. More Elastic
D. Less Elastic
|
| 10 | Which factor has no pre-determined reward |
A. Land
B. Labour
C. Capital
D. Organization
|
Test Questions