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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
Which of the following is the subject matter of Economics.
Question # 2
Economics laws are:
Question # 3
All materials goods which can satisfy humans wants are called.
Question # 4
The products which are not priced in the market are called .
Question # 5
Economics is a science which studies.
Question # 6
Scarcity exists
Question # 7
Marshall is his definition of economics
Question # 8
normative economics
Question # 9
Macro economics deals with
Question # 10
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 11
Who said that "Economics is a science of human welfare"
Question # 12
One of the following is not a part of macro economics.
Question # 13
Select the correct statement
Question # 14
Scope of economics is defined as:
Question # 15
Who was the exponent of welfare economics.
Question # 16
Which statement is true?
Question # 17
Economic problems arises because of.
Question # 18
Three basic economics problems are
Question # 19
One of the following is not a characteristics of economic laws.
Question # 20
In which year Alfred Marshall wrote a book entitled "Principle of economics"
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 -
A Abdullah Safdar 23 - Jun - 2026 02 Min 44 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 -
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 -
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 | Prof. Marshall thinks |
A. Economics studies national welfare
B. Economics studies personal welfare
C. Economics studies total welfare
D. Economics studies material welfare
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| 2 | Prof. Robins wrote a book in 1931 entitled. |
A. General Theory of employment. Interest and money.
B. An inquiry into the nature and causes of wealth of nations.
C. Principle of economics.
D. Nature and Significance of economic science.
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| 3 | Economics laws are |
A. exact
B. approximate
C. brief
D. definite
|
| 4 | Economics is a science |
A. Spiritual
B. Social
C. dismal
D. moral
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| 5 | Basic economic problem is |
A. inflation
B. unemployment
C. scarcity
D. lack of money
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| 6 | Who was the exponent of welfare economics. |
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
|
| 7 | Economics |
A. is more important than mathematics
B. is a social science
C. should be made compulsory for every student
D. is difficult to study
|
| 8 | Market system means |
A. Socialism
B. Capitalism
C. a place where goods are traded
D. all of the above
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| 9 | 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
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| 10 | Scarcity exists |
A. in only poor countries
B. in a country that uses resources inefficiently
C. in all countries of the world
D. when society produces unimportant goods
|
Test Questions
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Afzal Rehmani
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