1st Chapter

ICS Part 1 Economics Chapter 1 MCQs Test

First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

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

ICS Part 1 Economics Chapter 1 Test

Start Chapter 1 Test

First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

Sr. # Questions Answers Choice
1 Economic laws can be define as .
  • A. A statement of social behaviour
  • B. Laws implement by an executive
  • C. Laws of the state
  • D. Statement of general economic tendencies
2 Scope of economics is defined as:
  • A. Individual and aggregate economic behaviour of the people.
  • B. Subject matter of economics.
  • C. Welfare Economics.
  • D. All of the abpove
3 Which laws are always subjected to certain conditions.
  • A. Social
  • B. Political
  • C. Moral
  • D. Economic
4 Who said that "Economics is a science of human welfare"
  • A. Adam Smith
  • B. Carlyle and Ruskin
  • C. Alfred Marshall
  • D. Malthus
5 Who was the founder of classical school of thought?
  • A. Adam Smith
  • B. Marshall
  • C. Keynes
  • D. Maithus
6 Robbins in his definition
  • A. talks of scarcity of resources
  • B. preached moral values
  • C. supports Adam smith view
  • D. none of the above
7 Robbins definition of economics spell out the existence of
  • A. Economics problem
  • B. Social problem
  • C. Political problem
  • D. Moral problem
8 Wants are unlimited for:
  • A. Poor person
  • B. Rich person
  • C. All persons
  • D. None of them
9 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.
10 All non materials products which can satisfy human wants are called.
  • A. Economic goods
  • B. Services
  • C. Non-economics goods
  • D. Services

Top Scorers of Economics Ics Part 1 English Medium Chapter 1 Online Test

A

Abdul Haleem

Lahore05 - May - 2025

20/20
45 Sec
A

Abdul Haleem

Lahore05 - May - 2025

20/20
45 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

20/20
01 Mins 35 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

20/20
01 Mins 55 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

19/20
02 Mins 11 Sec
J

Jaweria Zarmeen

Lahore16 - Apr - 2025

19/20
03 Mins 24 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
45 Sec
U

Umme Ruman

Lahore26 - May - 2025

18/20
02 Mins 09 Sec
X

Xiao Jea

Lahore08 - Jul - 2025

18/20
05 Mins 23 Sec
A

Abdul Haleem

Lahore05 - May - 2025

17/20
45 Sec
A

Abdul Haleem

Lahore05 - May - 2025

17/20
45 Sec
M

Malik Waqas

Lahore21 - May - 2025

17/20
01 Mins 01 Sec
M

Muhammad Hassan

Lahore06 - May - 2025

17/20
01 Mins 34 Sec
U

Umme Ruman

Lahore26 - May - 2025

17/20
01 Mins 44 Sec
M

Muhammad Hassan

Lahore06 - May - 2025

17/20
01 Mins 46 Sec

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  • Afzal Rehmani

    02 Apr 2024

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    24 Dec 2019

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    01 Jul 2018

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    28 Apr 2017

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    27 Feb 2016

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