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This online test contains MCQs about following topics:
Human Wants,Utility,Scarcity,Defination By Adam Smith,Marshall and Robbins,Modern View of Economics ,Comparison of Defination , Methods of Economics ,Economics Theory, Economic Principle ,Policy Economics , Micro Vs Macroeconomics ,Economics Laws Deductive and Inductive Methods
MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Basic economic problem is
Question # 2
The products which are not priced in the market are called .
Question # 3
The basic economic problem to all societies is
Question # 4
Which statement is true?
Question # 5
Economic problems arises because of.
Question # 6
Everyone should study economics is a
Question # 7
Prof. Marshall thinks
Question # 8
Who was the exponent of welfare economics.
Question # 9
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 10
Ceteris paribus means
Question # 11
He described economics as a science of material welfare
Question # 12
Prof. Robins wrote a book in 1931 entitled.
Question # 13
Father of the political economy
Question # 14
Which one is not doing an economic activity.
Question # 15
Macro economics deals with
Question # 16
Wealth of Nations was written in
Question # 17
Robbins in his definition
Question # 18
Micro economics concentrates
Question # 19
Economic laws can be define as .
Question # 20
Scope of economics is defined as:
ICS Part 1 Economics Chapter 1 MCQs Test
Top Scorers Of Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test" MCQ`s Test
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L Laiba Muqaddas 25 - Jul - 2024 04 Min 48 Sec 20/20 -
Z Zafar Ali 22 - May - 2024 00 Min 10 Sec 19/20 -
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Q Qazi Mohid 09 - Jun - 2026 06 Min 25 Sec 15/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
| 2 | Who was the founder of classical school of thought? |
A. Adam Smith
B. Marshall
C. Keynes
D. Maithus
|
| 3 | A positive statement |
A. concerns what is
B. is always accurate
C. deals with values and opinions
D. cannot be tested in the real world
|
| 4 | Economics laws are |
A. exact
B. approximate
C. brief
D. definite
|
| 5 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
|
| 6 | Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in. |
A. 1784
B. 1792
C. 1776
D. 1796
|
| 7 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
|
| 8 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
|
| 9 | Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
A. 1776
B. 1998
C. 1931
D. 1936
|
| 10 | All the products which are priced in the market are. |
A. Non economic products
B. Economic products
C. Private products
D. Public products
|
Test Questions