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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
Who was the founder of classical school of thought?
Question # 2
Robbins in his definition
Question # 3
Micro economics concentrates
Question # 4
All materials goods which can satisfy humans wants are called.
Question # 5
Adam smith was a
Question # 6
Wealth of Nations was written by
Question # 7
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 8
A positive statement
Question # 9
Prof. Robins wrote a book in 1931 entitled.
Question # 10
The products which are not priced in the market are called .
Question # 11
Economics
Question # 12
Which of the following is the subject matter of Economics.
Question # 13
Who was the exponent of macro economics in recent times.
Question # 14
One of the following is not a part of macro economics.
Question # 15
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 16
Which statement is true?
Question # 17
Prof. Marshall thinks
Question # 18
Marshall is his definition of economics
Question # 19
Which type of problems are brought under discussion in micro economics .
Question # 20
Wealth of Nations was written in
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 -
A Ahmed Palijo 11 - May - 2024 04 Min 54 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 -
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R rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20 -
A Anila Zaib 10 - May - 2024 12 Min 27 Sec 15/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Three basic economics problems are |
A. what, how and for whom
B. why, where and when
C. what, which and how much
D. what, which and why
|
| 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 | Which statement relates to macroeconomics |
A. Oil prices are rising in Pakistan
B. Profit rate is high in textile industry
C. The firms try to make huge profits
D. The government had failed to control inflation
|
| 4 | Which laws are always subjected to certain conditions. |
A. Social
B. Political
C. Moral
D. Economic
|
| 5 | Economic principle are also called |
A. economic law
B. economic theory
C. economic model
D. all of the above
|
| 6 | The products which are not priced in the market are called . |
A. Economic goods
B. Non-economic goods
C. Merit goods
D. Social goods
|
| 7 | 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.
|
| 8 | 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.
|
| 9 | Which one is the non-economic activity. |
A. Service of a doctor
B. Morning walk
C. Service of teacher
D. Service of an advocate
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| 10 | Which laws are implemented with an executive authority . |
A. Economic laws
B. Moral laws
C. State laws
D. Physical laws
|
Test Questions