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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
Free gift of nature is
Question # 2
Cannot be separated from labourer
Question # 3
One of the following is not called land
Question # 4
All the factors of production can be hired except
Question # 5
The factor of production which is used to produce more wealth or increase income is called
Question # 6
Stock means the quantity:
Question # 7
One of the following is not included in the characteristics of land
Question # 8
If price increases but supply remains constant, it is called:
Question # 9
Blessings like air, rain existing on land are included in factor of production
Question # 10
The most important and basic factor of production is
Question # 11
When supply decreases due to fall in price, it is called:
Question # 12
Number of factors of production is
Question # 13
Tractor, harvester, thrasher etc are the examples of factor of production
Question # 14
When price decreases, supply:
Question # 15
In modern term, factors of production are called
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.
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S Subtain Ahmed Raza 21 - Jul - 2023 01 Min 18 Sec 15/15 -
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O Oneeza 26 - Aug - 2021 10 Min 50 Sec 13/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | River, sea, forests, rain are called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 2 | When supply increases due to rise price, 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 | In modern term, factors of production are called |
A. Inputs
B. Productive services
C. Inputs and productive services
D. Production of goods and services
|
| 5 | The most important and basic factor of production is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 6 | When supply decreases due to fall in price, it is called: |
A. Fall in supply
B. Contraction in supply
C. Expansion in supply
D. Rise in supply
|
| 7 | 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
|
| 8 | Which factor has no pre-determined reward |
A. Land
B. Labour
C. Capital
D. Organization
|
| 9 | Cannot be separated from labourer |
A. Land
B. Labour
C. Capital
D. Organization
|
| 10 | Mental or physical work undertaken for reward by human being is called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 11 | Causes of shifting in supply curve is: |
A. Change in technique
B. Change in cost
C. Change in tax
D. All of them
|
| 12 | Number of factors of production is |
A. One
B. Two
C. Three
D. Four
|
| 13 | One of the following is not called land |
A. Rain
B. Mountain
C. Forests
D. Mangla Dam
|
| 14 | If an entrepreneur does service, in economics it is called |
A. Organization
B. Discipline
C. Labour
D. Wage
|
| 15 | If 50% change in supply in response to 50% change in price then: |
A. Es = 0
B. Es = 1
C. Es > 1
D. Es < 1
|
Test Questions
