11th class Economics chapter 1 online mcq test with answers for ICS part 1 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

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ICS Part 1 Economics Chapter Wise Test

Top Scorers Of Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test" MCQ`s Test

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Sikander Mughal 17 - Nov - 2024 04 Min 37 Sec 20/20
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Laiba Muqaddas 25 - Jul - 2024 04 Min 48 Sec 20/20
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Zafar Ali 22 - May - 2024 00 Min 10 Sec 19/20
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Ali Jutt 31 - May - 2024 05 Min 02 Sec 18/20
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Salman Malik 24 - Jul - 2024 04 Min 12 Sec 17/20
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Eman 19 - Jul - 2024 02 Min 36 Sec 16/20
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Najma Yaqoob 09 - Jan - 2025 03 Min 40 Sec 16/20
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Mohammad Akhlaq 17 - Oct - 2024 03 Min 58 Sec 16/20
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King Anas 21 - May - 2024 09 Min 29 Sec 16/20
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Hassan Raza 14 - May - 2024 02 Min 02 Sec 15/20
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Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20
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Faiqa Shahid 20 - Jul - 2024 03 Min 24 Sec 15/20
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rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20
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Aiman Sadaqet 30 - Apr - 2026 04 Min 32 Sec 15/20
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Atiya Zahid 14 - Dec - 2024 02 Min 38 Sec 14/20

ICS Part 1 Economics Chapter 1 Important MCQ's

Sr.#	Question	Answer
1	Everyone should study economics is a	A. positive statement B. normative statement C. true statement D. nonsense
2	Prof. Marshall thinks	A. Economics studies national welfare B. Economics studies personal welfare C. Economics studies total welfare D. Economics studies material welfare
3	Market system means	A. Socialism B. Capitalism C. a place where goods are traded D. all of the above
4	Macro economics deals with	A. how to buy groceries B. aggregate economics activity C. establishment of a new firm D. industrial activity
5	The products which are not priced in the market are called .	A. Economic goods B. Non-economic goods C. Merit goods D. Social goods
6	All non materials products which can satisfy human wants are called.	A. Economic goods B. Services C. Non-economics goods D. Services
7	Marshall is his definition of economics	A. uses the concept of material welfare B. dislikes wealth C. accuses Adam smith D. Praises Robbins
8	Economics laws are	A. exact B. approximate C. brief D. definite
9	One of the following is not studied in Micro economics.	A. Equilibrium to the firm B. Distribution of rewards to factors of productions C. Banking system D. Market equilibrium
10	Robbins in his definition	A. talks of scarcity of resources B. preached moral values C. supports Adam smith view D. none of the above

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

ICS Part 1 Economics Chapter 1 Test

ICS Part 1 Economics Chapter Wise Test

MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"

Economics Ics Part 1 English Medium Chapter 1 Online Test

Economics is a science

Which one is the non-economic activity.

The basic economic problem to all societies is

He described economics as a science of material welfare

Who criticized economics as "dismal Science".

Market system means

Macro economics deals with

Scarcity means

Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.

Wealth of nations

Wants are unlimited for:

Micro economics concentrates

normative economics

One or more persons living together and having a common budget is called

In which year Alfred Marshall wrote a book entitled "Principle of economics"

Basic economic problem is

Wealth of Nations was written in

Marshall is his definition of economics

Economic laws can be define as .

Who was the founder of classical school of thought?

Prepare Complete Set Wise Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers

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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

ICS Part 1 Economics Chapter 1 Important MCQ's

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