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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
If an entrepreneur does service, in economics it is called
Question # 2
One of the following is not included in labour
Question # 3
If 30% change in supply in response to 50% change in price then:
Question # 4
Blessings like air, rain existing on land are included in factor of production
Question # 5
The relationship between price and quantity supplied is:
Question # 6
Tractor, harvester, thrasher etc are the examples of factor of production
Question # 7
Mental or physical work undertaken for reward by human being is called
Question # 8
Second factor of production is
Question # 9
Which factor can not be stored
Question # 10
The factor which is needed to produce goods by the combination of land, labour and capital is called
Question # 11
As factor of production, river and sea are called
Question # 12
If the rate of change in price and quantity supplied is equal then:
Question # 13
In modern term, factors of production are called
Question # 14
All the factors of production can be hired except
Question # 15
Stock means the quantity:
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 -
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H Huzaira Azam 13 - Nov - 2023 02 Min 17 Sec 14/15 -
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S Samar 14 - Jul - 2021 02 Min 27 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
ICom Part 1 Principles of Economics ( English Medium) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Organization means an individual or institution which with optimum factor combination |
A. Lays foundation of business always earning profit
B. Lays foundation of business but does not accept the responsibility of profit and loss
C. Lays foundation of business but accepts the responsibility of profit and loss
D. Serves as a manger in the business and receives remuneration
|
| 2 | If price increases but supply remains constant, it is called: |
A. Fall in supply
B. Contraction in supply
C. Expansion in supply
D. Rise in supply
|
| 3 | Free gift of nature is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 4 | Cannot be separated from labourer |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | Perfectly inelastic supply curve is: |
A. Vertical
B. Rise upward
C. Horizontal
D. Fall downward
|
| 6 | Quantity of a commodity which is offered for sale in a market is called: |
A. Trade
B. Supply
C. Demand
D. Stock
|
| 7 | Which factor is oldest and basic factor of production |
A. Land
B. Labour
C. Capital
D. Organization
|
| 8 | One of the following is not called land |
A. Rain
B. Mountain
C. Forests
D. Mangla Dam
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| 9 | As factor of production, river and sea are called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 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