ICOM Part 1 Principles of Economics English Medium Chapter 4 MCQ's Test

11th Class Principles of Economics English Medium Online MCQ Test for Chapter 4 (Factors of Production)

ICOM Part 1 Principles of Economics English Medium Chapter 4 MCQ's Test

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ICOM Part 1 Principles of Economics Chapter Wise Test (English Medium)

11th Class Principles of Economics English Medium Online MCQ Test for Chapter 4 (Factors of Production)

Sr. # Questions Answers Choice
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 As factor of production, river and sea are called
  • A. Land
  • B. Labour
  • C. Capital
  • D. Organization
3 Tractor, harvester, thrasher etc are the examples of factor of production
  • A. Land
  • B. Labour
  • C. Capital
  • D. Organization
4 When price decreases, supply:
  • A. Contracts
  • B. Expands
  • C. Remains fixed
  • D. Becomes zero
5 Cannot be separated from labourer
  • A. Land
  • B. Labour
  • C. Capital
  • D. Organization
6 If an entrepreneur does service, in economics it is called
  • A. Organization
  • B. Discipline
  • C. Labour
  • D. Wage
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 Perfectly inelastic supply curve is:
  • A. Vertical
  • B. Rise upward
  • C. Horizontal
  • D. Fall downward
9 When price increases, supply:
  • A. Contracts
  • B. Expands
  • C. Remains fixed
  • D. Becomes zero
10 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

Top Scorers of Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test

A

Abdullah Amir

Lahore16 - May - 2025

10/15
06 Mins 11 Sec

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