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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

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

Sr. # Questions Answers Choice
1 Economics theory means
  • A. economic policy
  • B. economic principles
  • C. descriptive economics
  • D. economics facts
2 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.
3 Adam smith was a
  • A. President of France
  • B. a modern economist
  • C. good sports man
  • D. classical economist
4 Who criticized economics as "dismal Science".
  • A. Alfred Marshall
  • B. Lionel Robbins
  • C. Carlyle and Ruskin
  • D. J.M. Keynes.
5 normative economics
  • A. deals solely with the facts
  • B. is never studied in colleges
  • C. involves opinions and interpretations
  • D. is clearly preferable to positive economics
6 Marshall wrote the book
  • A. Introduction to economics
  • B. Principles of economics
  • C. Classical economics
  • D. Micro economics theory
7 Who was the exponent of macro economics in recent times.
  • A. Adam Smith
  • B. J.M. Keynes
  • C. Marshall
  • D. Maithus
8 Market system means
  • A. Socialism
  • B. Capitalism
  • C. a place where goods are traded
  • D. all of the above
9 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
10 Economics laws are
  • A. exact
  • B. approximate
  • C. brief
  • D. definite

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

A

Afnan Khan

Lahore10 - May - 2023

20/20
03 Mins 17 Sec
A

Afnan Khan

Lahore10 - May - 2023

20/20
03 Mins 17 Sec
A

Afnan Khan

Lahore10 - May - 2023

19/20
02 Mins 55 Sec
H

Hashir

Lahore17 - May - 2023

19/20
03 Mins 12 Sec
A

Ayesha Gull

Lahore04 - May - 2023

19/20
03 Mins 55 Sec
H

Hashir

Lahore17 - May - 2023

19/20
04 Mins 03 Sec
S

Sara Haider

Lahore27 - Mar - 2023

17/20
02 Mins 48 Sec
A

Ayesha Gull

Lahore09 - May - 2023

17/20
03 Mins 10 Sec
A

Afnan Khan

Lahore10 - May - 2023

17/20
03 Mins 17 Sec
F

Fatima Romel

Lahore20 - Mar - 2023

17/20
03 Mins 30 Sec
?

???

Lahore16 - May - 2023

17/20
04 Mins 50 Sec
H

Hashir

Lahore17 - May - 2023

17/20
05 Mins 25 Sec
N

Nazish

Lahore09 - Apr - 2023

16/20
02 Mins 50 Sec
M

Muhammad Ahmad

Lahore07 - Jun - 2023

16/20
03 Mins 11 Sec
H

Hashir

Lahore17 - May - 2023

16/20
09 Mins 15 Sec

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