Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
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"
-
Total Questions15
-
Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test
00:00
Question # 1
When price decreases, supply:
Question # 2
Stock means the quantity:
Question # 3
Factor of production which is used to earn more income, is called
Question # 4
Tractor, harvester, thrasher etc are the examples of factor of production
Question # 5
If 50% change in supply in response to 50% change in price then:
Question # 6
When price increases, supply:
Question # 7
If an entrepreneur does service, in economics it is called
Question # 8
Mental or physical work undertaken for reward by human being is called
Question # 9
Perfectly inelastic supply curve is:
Question # 10
One of the following is not included in the characteristics of labour
Question # 11
Quantity of a commodity which is offered for sale in a market is called:
Question # 12
In economics, every mental or physical struggle undertaken for reward, is called
Question # 13
Immortal factor production is
Question # 14
In case of horizontal supply curve, Es is:
Question # 15
If 30% change in supply in response to 50% change in price then:
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
-
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 -
F fatima raja 26 - Nov - 2023 01 Min 41 Sec 14/15 -
H Huzaira Azam 13 - Nov - 2023 02 Min 17 Sec 14/15 -
F Farnaz Azam 11 - Nov - 2023 02 Min 26 Sec 14/15 -
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 | Perfectly inelastic supply curve is: |
A. Vertical
B. Rise upward
C. Horizontal
D. Fall downward
|
| 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 | 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
|
| 4 | Tractor, harvester, thrasher etc are the examples of factor of production |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | 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
|
| 6 | Which factor can not be stored |
A. Land
B. Labour
C. Capital
D. Organization
|
| 7 | Blessings like air, rain existing on land are included in factor of production |
A. Labour or human resources
B. Capital or monetary resources
C. Land or natural resources
D. Organisation
|
| 8 | When price increases, supply: |
A. Contracts
B. Expands
C. Remains fixed
D. Becomes zero
|
| 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 | As factor of production, river and sea are called |
A. Land
B. Labour
C. Capital
D. Organization
|
Test Questions