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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
Stock means the quantity:
Question # 2
Fourth factor of production is called
Question # 3
When price increases, supply:
Question # 4
Tractor, harvester, thrasher etc are the examples of factor of production
Question # 5
Second factor of production is
Question # 6
The most important and basic factor of production is
Question # 7
Free gift of nature is
Question # 8
River, sea, forests, rain are called
Question # 9
Number of factors of production is
Question # 10
In modern term, factors of production are called
Question # 11
If an entrepreneur does service, in economics it is called
Question # 12
When supply decreases due to fall in price, it is called:
Question # 13
One of the following is not included in the characteristics of land
Question # 14
If price decreases but supply remains constant, it is called:
Question # 15
In case of horizontal supply curve, Es is:
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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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 -
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I Ibrahim Atif 15 - Dec - 2023 01 Min 46 Sec 13/15 -
M Mavis Hayaat 24 - Mar - 2024 02 Min 18 Sec 13/15 -
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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 | 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 | 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
|
| 4 | The factor which is needed to produce goods by the combination of land, labour and capital is called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | Second factor of production is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 6 | All the factors of production can be hired except |
A. Land
B. Labour
C. Capital
D. Organization
|
| 7 | Quantity of a commodity which is offered for sale in a market is called: |
A. Trade
B. Supply
C. Demand
D. Stock
|
| 8 | Perfectly inelastic supply curve is: |
A. Vertical
B. Rise upward
C. Horizontal
D. Fall downward
|
| 9 | 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
|
| 10 | Free gift of nature is |
A. Land
B. Labour
C. Capital
D. Organization
|
Test Questions