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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
Which factor can not be stored
Question # 2
All the factors of production can be hired except
Question # 3
Which factor has no pre-determined reward
Question # 4
When supply decreases due to fall in price, it is called:
Question # 5
Second factor of production is
Question # 6
Cannot be separated from labourer
Question # 7
The factor which is needed to produce goods by the combination of land, labour and capital is called
Question # 8
If an entrepreneur does service, in economics it is called
Question # 9
In economics, every mental or physical struggle undertaken for reward, is called
Question # 10
When supply increases due to rise price, it is called:
Question # 11
Which factor is oldest and basic factor of production
Question # 12
The relationship between price and quantity supplied is:
Question # 13
Stock means the quantity:
Question # 14
Production of a commodity depends upon four factors of production i.e. land, labour, capital and organization
Question # 15
Tractor, harvester, thrasher etc are the examples of factor of production
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 -
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 | One of the following is not included in labour |
A. Teaching of a teacher in a school
B. Working of a clerk in an office
C. To follow a case by a lawyer
D. To look after the child by his mother
|
| 2 | River, sea, forests, rain are called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 3 | Blessings like air, rain existing on land are included in factor of production |
A. Labour or human resources
B. Capital or monetary resources
C. Land or natural resources
D. Organisation
|
| 4 | Which factor is oldest and basic factor of production |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | Third factor of production is called |
A. land
B. labour
C. capital
D. organization
|
| 6 | Cannot be separated from labourer |
A. Land
B. Labour
C. Capital
D. Organization
|
| 7 | Number of factors of production is |
A. One
B. Two
C. Three
D. Four
|
| 8 | When price decreases, supply: |
A. Contracts
B. Expands
C. Remains fixed
D. Becomes zero
|
| 9 | If price decreases but supply remains constant, it is called: |
A. Fall in supply
B. Contraction in supply
C. Expansion in supply
D. Rise in supply
|
| 10 | 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
|
Test Questions
