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

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Zafar Ali 22 - May - 2024 00 Min 10 Sec 19/20
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Aiman Sadaqet 30 - Apr - 2026 04 Min 32 Sec 15/20
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Qazi Mohid 09 - Jun - 2026 06 Min 25 Sec 15/20

ICS Part 1 Economics Chapter 1 Important MCQ's

Sr.#	Question	Answer
1	Basic economic problem is	A. inflation B. unemployment C. scarcity D. lack of money
2	Who criticized economics as "dismal Science".	A. Alfred Marshall B. Lionel Robbins C. Carlyle and Ruskin D. J.M. Keynes.
3	Economics laws are	A. exact B. approximate C. brief D. definite
4	Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.	A. 1784 B. 1792 C. 1776 D. 1796
5	Which one is not doing an economic activity.	A. One who is offering prayers. B. One who works for wage. C. One who rents out his property . D. One who is an employee of Government
6	Robbins in his definition	A. talks of scarcity of resources B. preached moral values C. supports Adam smith view D. none of the above
7	Father of the political economy	A. Adam smith B. Malthus C. Marshall D. Samuelson
8	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
9	One or more persons living together and having a common budget is called	A. union B. organisation C. household D. house members
10	Who said that "Economics is a science of human welfare"	A. Adam Smith B. Carlyle and Ruskin C. Alfred Marshall D. Malthus

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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

Select the correct statement

Who was the founder of classical school of thought?

Adam smith was a

Which statement relates to macroeconomics

Who said that "Economics is a science of human welfare"

The basic economic problem to all societies is

Economics

Father of the political economy

Economics is a science which studies.

Which of the following is the subject matter of Economics.

Three basic economics problems are

Economic problems arises because of.

The products which are not priced in the market are called .

Economics laws are

Economics laws are:

Which one is the non-economic activity.

Ceteris paribus means

All materials goods which can satisfy humans wants are called.

One of the following is not studied in Micro economics.

Who was the exponent of welfare economics.

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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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