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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
Who said that "Economics is a science of human welfare"
Question # 3
One or more persons living together and having a common budget is called
Question # 4
Everyone should study economics is a
Question # 5
Market system means
Question # 6
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 7
Select the correct statement
Question # 8
Economic problems arises because of.
Question # 9
Wealth of nations
Question # 10
Economics problems arise because of
Question # 11
In economics, assumptions
Question # 12
Scarcity means
Question # 13
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 14
Which of the following is the subject matter of Economics.
Question # 15
Scarcity of goods means
Question # 16
Which one is the non-economic activity.
Question # 17
Prof. Marshall thinks
Question # 18
Economics
Question # 19
Economic laws can be define as .
Question # 20
Three basic economics problems are
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 -
A Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20 -
A Abdullah Safdar 21 - Jun - 2026 03 Min 09 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 -
Q Qazi Mohid 09 - Jun - 2026 06 Min 25 Sec 15/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Economics laws |
A. must be followed
B. are hated by people
C. show economic behavior of people
D. are unscientific
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| 2 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
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| 3 | All the products which are priced in the market are. |
A. Non economic products
B. Economic products
C. Private products
D. Public products
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| 4 | Scarcity exists |
A. in only poor countries
B. in a country that uses resources inefficiently
C. in all countries of the world
D. when society produces unimportant goods
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| 5 | According to Alfred Marshall, Economics should be taken as: |
A. Positive economics
B. Normative economics
C. Welfare economics
D. Applied economics
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| 6 | One or more persons living together and having a common budget is called |
A. union
B. organisation
C. household
D. house members
|
| 7 | Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
A. 1776
B. 1998
C. 1931
D. 1936
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| 8 | Which type of problems are brought under discussion in micro economics . |
A. Consumer's behaviour
B. International trade
C. Balance of payment
D. Public finance
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| 9 | Which laws are always subjected to certain conditions. |
A. Social
B. Political
C. Moral
D. Economic
|
| 10 | All non materials products which can satisfy human wants are called. |
A. Economic goods
B. Services
C. Non-economics goods
D. Services
|
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.