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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
Which statement relates to macroeconomics
Question # 2
All materials goods which can satisfy humans wants are called.
Question # 3
Three basic economics problems are
Question # 4
Scarcity of goods means
Question # 5
He described economics as a science of material welfare
Question # 6
Ceteris paribus means
Question # 7
Select the correct statement
Question # 8
Economic principle are also called
Question # 9
Market system means
Question # 10
One of the following is not a part of macro economics.
Question # 11
The products which are not priced in the market are called .
Question # 12
All the products which are priced in the market are.
Question # 13
Which laws are always subjected to certain conditions.
Question # 14
normative economics
Question # 15
Wealth of nations
Question # 16
Wants are unlimited for:
Question # 17
Who was the exponent of welfare economics.
Question # 18
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 19
Economics laws are:
Question # 20
Father of the political economy
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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ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Scope of economics is defined as: |
A. Individual and aggregate economic behaviour of the people.
B. Subject matter of economics.
C. Welfare Economics.
D. All of the abpove
|
| 2 | 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
|
| 3 | All materials goods which can satisfy humans wants are called. |
A. Non economic goods
B. Economic goods
C. Capital goods
D. Services
|
| 4 | Economics laws are |
A. exact
B. approximate
C. brief
D. definite
|
| 5 | Scarcity means |
A. non availability of goods
B. high price of goods
C. less supply than demand
D. high profit of the firms
|
| 6 | 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
|
| 7 | He described economics as a science of material welfare |
A. Robbins
B. Marshall
C. Ricardo
D. Keyness
|
| 8 | Who was the exponent of welfare economics. |
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
|
| 9 | Who was the founder of classical school of thought? |
A. Adam Smith
B. Marshall
C. Keynes
D. Maithus
|
| 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
02 Apr 2024How to make selected ch mcqz test
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Mir Abdulrehman
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