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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
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 2
Prof. Robins wrote a book in 1931 entitled.
Question # 3
Which one is the non-economic activity.
Question # 4
Which statement is true?
Question # 5
Wealth of Nations was written in
Question # 6
The basic economic problem to all societies is
Question # 7
Economic laws can be define as .
Question # 8
One of the following is not a characteristics of economic laws.
Question # 9
Economics laws are:
Question # 10
Economics theory means
Question # 11
Macro economics deals with
Question # 12
One or more persons living together and having a common budget is called
Question # 13
Economic problems arises because of.
Question # 14
A positive statement
Question # 15
All the products which are priced in the market are.
Question # 16
The products which are not priced in the market are called .
Question # 17
Which statement relates to macroeconomics
Question # 18
Who said that "Economics is a science of human welfare"
Question # 19
All non materials products which can satisfy human wants are called.
Question # 20
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" 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 -
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 -
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 -
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 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 2 | 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
|
| 3 | 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
|
| 4 | Validity of economics theories can never be proved with 100 percent certainty, because |
A. ceteris paribus clause
B. limited number of observation is possible
C. very large number of economic theories proved false in the past
D. b and c
|
| 5 | Wants are unlimited for: |
A. Poor person
B. Rich person
C. All persons
D. None of them
|
| 6 | Economics laws are |
A. exact
B. approximate
C. brief
D. definite
|
| 7 | Wealth of Nations was written by |
A. Adam Smith
B. Malthus
C. Marshall
D. Newton
|
| 8 | 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
|
| 9 | In economics, assumptions |
A. make economics theory useless
B. mean other things equal
C. enable economics to simplify reality
D. used in micro and not in macroeconomics
|
| 10 | Everyone should study economics is a |
A. positive statement
B. normative statement
C. true statement
D. nonsense
|
Test Questions
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Afzal Rehmani
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Mir Abdulrehman
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