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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
In economics, assumptions
Question # 2
Scarcity means
Question # 3
Economics laws
Question # 4
Which laws are implemented with an executive authority .
Question # 5
Three basic economics problems are
Question # 6
All non materials products which can satisfy human wants are called.
Question # 7
Who criticized economics as "dismal Science".
Question # 8
Which one is not doing an economic activity.
Question # 9
Economic principle are also called
Question # 10
Wants are unlimited for:
Question # 11
Scarcity exists
Question # 12
One or more persons living together and having a common budget is called
Question # 13
Economics laws are
Question # 14
Which laws are always subjected to certain conditions.
Question # 15
Robbins in his definition
Question # 16
Marshall wrote the book
Question # 17
Which statement relates to macroeconomics
Question # 18
Select the correct statement
Question # 19
Economics laws are:
Question # 20
normative 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 -
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 | Select the correct statement |
A. Economics affects politics
B. Economics affects history
C. Geography affects economics
D. all of the above are true
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| 2 | Economic problems arises because of. |
A. Unlimited wants.
B. Scarcity of resources.
C. Alternative use of resources.
D. All of the above
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| 3 | 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
|
| 4 | Economics laws are |
A. exact
B. approximate
C. brief
D. definite
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| 5 | Economics laws are: |
A. Statements of tendencies in economic behaviour
B. Unrealistic to deal with real economic problems.
C. Absolute and certain like the laws of physical science
D. Used to forecast the growth rate of an economy.
|
| 6 | One of the following is not a part of macro economics. |
A. Public finance
B. International trade.
C. Consumer behaviour.
D. National income.
|
| 7 | 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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| 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 | 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
|
| 10 | He described economics as a science of material welfare |
A. Robbins
B. Marshall
C. Ricardo
D. Keyness
|
Test Questions
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Afzal Rehmani
02 Apr 2024How to make selected ch mcqz test
jarrar
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Hammad gujjar
28 Apr 2017Good
Mir Abdulrehman
27 Feb 2016Nice web.