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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
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Question # 1
Quantity of a commodity which is offered for sale in a market is called:
Question # 2
Mental or physical work undertaken for reward by human being is called
Question # 3
Fourth factor of production is called
Question # 4
Which factor is oldest and basic factor of production
Question # 5
One of the following is not included in the characteristics of labour
Question # 6
If quantity supplied changed in response to change in price, is known as:
Question # 7
If 30% change in supply in response to 50% change in price then:
Question # 8
Which factor can not be stored
Question # 9
Organization means an individual or institution which with optimum factor combination
Question # 10
If 50% change in supply in response to 50% change in price then:
Question # 11
Factor of production which is used to earn more income, is called
Question # 12
Perfectly inelastic supply curve is:
Question # 13
Free gift of nature is
Question # 14
Production of a commodity depends upon four factors of production i.e. land, labour, capital and organization
Question # 15
Number of factors of production 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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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 -
F fatima raja 26 - Nov - 2023 01 Min 41 Sec 14/15 -
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M Muhammad Hammad Shekhani 30 - Jun - 2021 04 Min 23 Sec 14/15 -
I Ibrahim Atif 15 - Dec - 2023 01 Min 46 Sec 13/15 -
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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
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which factor can not be stored |
A. Land
B. Labour
C. Capital
D. Organization
|
| 2 | Quantity of a commodity which is offered for sale in a market is called: |
A. Trade
B. Supply
C. Demand
D. Stock
|
| 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 | River, sea, forests, rain are called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | Mental or physical work undertaken for reward by human being is called |
A. Land
B. Labour
C. Capital
D. Organization
|
| 6 | Free gift of nature is |
A. Land
B. Labour
C. Capital
D. Organization
|
| 7 | 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
|
| 8 | Perfectly inelastic supply curve is: |
A. Vertical
B. Rise upward
C. Horizontal
D. Fall downward
|
| 9 | Causes of shifting in supply curve is: |
A. Change in technique
B. Change in cost
C. Change in tax
D. All of them
|
| 10 | Stock means the quantity: |
A. Sold in market
B. Which is offered for sale
C. Which exist in warehouse
D. Of total production
|
Test Questions
