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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
Which factor has no pre-determined reward
Question # 2
Mental or physical work undertaken for reward by human being is called
Question # 3
The factor which is needed to produce goods by the combination of land, labour and capital is called
Question # 4
Third factor of production is called
Question # 5
When price increases, supply:
Question # 6
If 30% change in supply in response to 50% change in price then:
Question # 7
One of the following is not called land
Question # 8
If price decreases but supply remains constant, it is called:
Question # 9
River, sea, forests, rain are called
Question # 10
Causes of shifting in supply curve is:
Question # 11
Immortal factor production is
Question # 12
When price decreases, supply:
Question # 13
The factor of production which is used to produce more wealth or increase income is called
Question # 14
In case of horizontal supply curve, Es is:
Question # 15
Quantity of a commodity which is offered for sale in a market is 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.
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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H Huzaira Azam 13 - Nov - 2023 02 Min 17 Sec 14/15 -
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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 -
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 -
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 | In modern term, factors of production are called |
A. Inputs
B. Productive services
C. Inputs and productive services
D. Production of goods and services
|
| 2 | One of the following is not called land |
A. Rain
B. Mountain
C. Forests
D. Mangla Dam
|
| 3 | Which factor is oldest and basic factor of production |
A. Land
B. Labour
C. Capital
D. Organization
|
| 4 | Tractor, harvester, thrasher etc are the examples of factor of production |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | Cannot be separated from labourer |
A. Land
B. Labour
C. Capital
D. Organization
|
| 6 | Number of factors of production is |
A. One
B. Two
C. Three
D. Four
|
| 7 | One of the following is not included in the characteristics of land |
A. Land is a gift of nature
B. All the pieces of land are not equal infertility
C. Productive capacity of land is limited
D. Supply of land is unlimited
|
| 8 | All the factors of production can be hired except |
A. Land
B. Labour
C. Capital
D. Organization
|
| 9 | Stock means the quantity: |
A. Sold in market
B. Which is offered for sale
C. Which exist in warehouse
D. Of total production
|
| 10 | 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
|
Test Questions