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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
Prof. Marshall thinks
Question # 2
All materials goods which can satisfy humans wants are called.
Question # 3
Robbins definition of economics spell out the existence of
Question # 4
All non materials products which can satisfy human wants are called.
Question # 5
Who said that "Economics is a science of human welfare"
Question # 6
According to Alfred Marshall, Economics should be taken as:
Question # 7
The products which are not priced in the market are called .
Question # 8
Economics laws are
Question # 9
Which laws are always subjected to certain conditions.
Question # 10
Economics is a science which studies.
Question # 11
Economics theory means
Question # 12
Who was the exponent of macro economics in recent times.
Question # 13
Scarcity means
Question # 14
Which statement relates to macroeconomics
Question # 15
Which of the following is the subject matter of Economics.
Question # 16
Which one is the non-economic activity.
Question # 17
Marshall is his definition of economics
Question # 18
The basic economic problem to all societies is
Question # 19
Market system means
Question # 20
Economics problems arise because of
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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S Sikander Mughal 17 - Nov - 2024 04 Min 37 Sec 20/20 -
L Laiba Muqaddas 25 - Jul - 2024 04 Min 48 Sec 20/20 -
Z Zafar Ali 22 - May - 2024 00 Min 10 Sec 19/20 -
A Ali Jutt 31 - May - 2024 05 Min 02 Sec 18/20 -
S Salman Malik 24 - Jul - 2024 04 Min 12 Sec 17/20 -
E Eman 19 - Jul - 2024 02 Min 36 Sec 16/20 -
N Najma Yaqoob 09 - Jan - 2025 03 Min 40 Sec 16/20 -
M Mohammad Akhlaq 17 - Oct - 2024 03 Min 58 Sec 16/20 -
K King Anas 21 - May - 2024 09 Min 29 Sec 16/20 -
H Hassan Raza 14 - May - 2024 02 Min 02 Sec 15/20 -
A Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20 -
F Faiqa Shahid 20 - Jul - 2024 03 Min 24 Sec 15/20 -
R rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20 -
A Aiman Sadaqet 30 - Apr - 2026 04 Min 32 Sec 15/20 -
A Atiya Zahid 14 - Dec - 2024 02 Min 38 Sec 14/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
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| 2 | Market system means |
A. Socialism
B. Capitalism
C. a place where goods are traded
D. all of the above
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| 3 | Macro economics deals with |
A. how to buy groceries
B. aggregate economics activity
C. establishment of a new firm
D. industrial activity
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| 4 | Which statement is true? |
A. Economics is a physical and normative science
B. Economics is a social and natural science
C. Economics is physical and positive science
D. Economics is a social and normative science
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| 5 | Wealth of nations |
A. is another name for united nations
B. is name of a book
C. indicates total wealth of rich countries
D. contains formulas to earn wealth
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| 6 | Marshall is his definition of economics |
A. uses the concept of material welfare
B. dislikes wealth
C. accuses Adam smith
D. Praises Robbins
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| 7 | Which of the following is the subject matter of Economics. |
A. Optimum use of limited resources for the satisfaction of unlimited human wants.
B. Economic problems of the developing countries.
C. Labour problems.
D. Balance of payment problems.
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| 8 | He described economics as a science of material welfare |
A. Robbins
B. Marshall
C. Ricardo
D. Keyness
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| 9 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
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| 10 | In economics, assumptions |
A. make economics theory useless
B. mean other things equal
C. enable economics to simplify reality
D. used in micro and not in macroeconomics
|
Test Questions
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Afzal Rehmani
02 Apr 2024How to make selected ch mcqz test
jarrar
01 Jul 2018omda web
Hammad gujjar
28 Apr 2017Good
Mir Abdulrehman
27 Feb 2016Nice web.