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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
Everyone should study economics is a
Question # 2
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 3
Wealth of Nations was written in
Question # 4
He described economics as a science of material welfare
Question # 5
One or more persons living together and having a common budget is called
Question # 6
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 7
Economics is a science
Question # 8
Ceteris paribus means
Question # 9
Marshall is his definition of economics
Question # 10
Economics is a science which studies.
Question # 11
One of the following is not studied in Micro economics.
Question # 12
Economic laws can be define as .
Question # 13
The basic economic problem to all societies is
Question # 14
Which laws are always subjected to certain conditions.
Question # 15
normative economics
Question # 16
Which statement relates to macroeconomics
Question # 17
Economics laws
Question # 18
Which laws are implemented with an executive authority .
Question # 19
Who was the exponent of welfare economics.
Question # 20
The products which are not priced in the market are called .
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 -
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Q Qazi Mohid 09 - Jun - 2026 06 Min 25 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 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
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| 2 | Which laws are implemented with an executive authority . |
A. Economic laws
B. Moral laws
C. State laws
D. Physical laws
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| 3 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 4 | One of the following is not a characteristics of economic laws. |
A. Economic laws lack exactitude
B. Economic laws lack predictability
C. They are not universa!
D. They are not optional
|
| 5 | Economic principle are also called |
A. economic law
B. economic theory
C. economic model
D. all of the above
|
| 6 | Wants are unlimited for: |
A. Poor person
B. Rich person
C. All persons
D. None of them
|
| 7 | All non materials products which can satisfy human wants are called. |
A. Economic goods
B. Services
C. Non-economics goods
D. Services
|
| 8 | Who was the exponent of welfare economics. |
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
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| 9 | All materials goods which can satisfy humans wants are called. |
A. Non economic goods
B. Economic goods
C. Capital goods
D. Services
|
| 10 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
Test Questions
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Afzal Rehmani
02 Apr 2024How to make selected ch mcqz test
jarrar
01 Jul 2018omda web
Hammad gujjar
28 Apr 2017Good
Mir Abdulrehman
27 Feb 2016Nice web.