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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
Scarcity exists
Question # 2
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 3
Adam smith was a
Question # 4
Economic laws can be define as .
Question # 5
Who was the exponent of macro economics in recent times.
Question # 6
Scope of economics is defined as:
Question # 7
normative economics
Question # 8
Prof. Marshall thinks
Question # 9
Economics is a science
Question # 10
He described economics as a science of material welfare
Question # 11
One of the following is not studied in Micro economics.
Question # 12
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 13
Economics laws are
Question # 14
Wealth of Nations was written in
Question # 15
One or more persons living together and having a common budget is called
Question # 16
One of the following is not a part of macro economics.
Question # 17
All materials goods which can satisfy humans wants are called.
Question # 18
The products which are not priced in the market are called .
Question # 19
Ceteris paribus means
Question # 20
Which statement relates to macroeconomics
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 -
A Abdullah Safdar 23 - Jun - 2026 02 Min 44 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 -
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 | 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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| 2 | Economics laws |
A. must be followed
B. are hated by people
C. show economic behavior of people
D. are unscientific
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| 3 | Economics |
A. is more important than mathematics
B. is a social science
C. should be made compulsory for every student
D. is difficult to study
|
| 4 | Father of the political economy |
A. Adam smith
B. Malthus
C. Marshall
D. Samuelson
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| 5 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
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| 6 | In which year Alfred Marshall wrote a book entitled "Principle of economics" |
A. 1850
B. 190
C. 1870
D. 1890
|
| 7 | One of the following is not a part of macro economics. |
A. Public finance
B. International trade.
C. Consumer behaviour.
D. National income.
|
| 8 | 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
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| 9 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
|
| 10 | 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
|
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.