First Year Principles of Economics Chapter 4 Online MCQ Test for 1st Year Principles of Economics Chapter 4 (Factors of Production)

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
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Online MCQ`s Test For Chapter 4 "Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test"

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  • Total Questions15

  • Time Allowed20

Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test

00:00
Question # 1

Tractor, harvester, thrasher etc are the examples of factor of production

Question # 2

The factor of production which is used to produce more wealth or increase income is called

Question # 3

If quantity supplied changed in response to change in price, is known as:

Question # 4

Causes of shifting in supply curve is:

Question # 5

Immortal factor production is

Question # 6

When supply increases due to rise price, it is called:

Question # 7

In case of horizontal supply curve, Es is:

Question # 8

Third factor of production is called

Question # 9

River, sea, forests, rain are called

Question # 10

Which factor can not be stored

Question # 11

One of the following is not included in the characteristics of labour

Question # 12

When price increases, supply:

Question # 13

Production of a commodity depends upon four factors of production i.e. land, labour, capital and organization

Question # 14

Second factor of production is

Question # 15

The factor which is needed to produce goods by the combination of land, labour and capital is called

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