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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
Which factor can not be stored
Question # 3
Second factor of production is
Question # 4
Mental or physical work undertaken for reward by human being is called
Question # 5
Number of factors of production is
Question # 6
One of the following is not called land
Question # 7
One of the following is not included in labour
Question # 8
Cannot be separated from labourer
Question # 9
When supply increases due to rise price, it is called:
Question # 10
The relationship between price and quantity supplied is:
Question # 11
Third factor of production is called
Question # 12
Which factor is oldest and basic factor of production
Question # 13
If 50% change in supply in response to 50% change in price then:
Question # 14
The most important and basic factor of production is
Question # 15
If quantity supplied changed in response to change in price, is known as:
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 -
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M Muhammad Hammad Shekhani 30 - Jun - 2021 04 Min 23 Sec 14/15 -
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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
| Sr. # | Question | Answer |
|---|---|---|
| 1 | 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 |
| 2 | 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 |
| 3 | 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 |
| 4 | Fourth factor of production is called |
A. Land B. Labour C.Capital D. Organization |
| 5 | Third factor of production is called |
A. land B. labour C.capital D. organization |
| 6 | Which factor is oldest and basic factor of production |
A. Land B. Labour C.Capital D. Organization |
| 7 | Stock means the quantity: |
A. Sold in market B. Which is offered for sale C.Which exist in warehouse D. Of total production |
| 8 | Causes of shifting in supply curve is: |
A. Change in technique B. Change in cost C.Change in tax D. All of them |
| 9 | Number of factors of production is |
A. One B. Two C.Three D. Four |
| 10 | As factor of production, river and sea are called |
A. Land B. Labour C.Capital D. Organization |
| 11 | If 30% change in supply in response to 50% change in price then: |
A. Es = 0 B. Es = 1 C.Es > 1 D. Es < 1 |
| 12 | 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 |
| 13 | Which factor can not be stored |
A. Land B. Labour C.Capital D. Organization |
| 14 | When price increases, supply: |
A. Contracts B. Expands C.Remains fixed D. Becomes zero |
| 15 | All the factors of production can be hired except |
A. Land B. Labour C.Capital D. Organization |
Test Questions
