Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.gif)
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"
-
Total Questions20
-
Time Allowed30
Economics Ics Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Economic laws can be define as .
Question # 2
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 3
One of the following is not a part of macro economics.
Question # 4
Which laws are always subjected to certain conditions.
Question # 5
Economic principle are also called
Question # 6
Who said that "Economics is a science of human welfare"
Question # 7
Which one is the non-economic activity.
Question # 8
Three basic economics problems are
Question # 9
Wants are unlimited for:
Question # 10
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 11
Wealth of Nations was written by
Question # 12
Who was the founder of classical school of thought?
Question # 13
Market system means
Question # 14
Macro economics deals with
Question # 15
He described economics as a science of material welfare
Question # 16
All materials goods which can satisfy humans wants are called.
Question # 17
Wealth of nations
Question # 18
One or more persons living together and having a common budget is called
Question # 19
Scarcity exists
Question # 20
All non materials products which can satisfy human wants are called.
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
-
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 | Wealth of Nations was written in |
A. 1976
B. 1876
C. 1776
D. 1676
|
| 2 | 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
|
| 3 | Economics laws are: |
A. Statements of tendencies in economic behaviour
B. Unrealistic to deal with real economic problems.
C. Absolute and certain like the laws of physical science
D. Used to forecast the growth rate of an economy.
|
| 4 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 5 | The basic economic problem to all societies is |
A. elimination of scarcity
B. what how and for whom to produce
C. equal distribution of wealth
D. to develop agriculture
|
| 6 | Prof. Marshall thinks |
A. Economics studies national welfare
B. Economics studies personal welfare
C. Economics studies total welfare
D. Economics studies material welfare
|
| 7 | Which one is the non-economic activity. |
A. Service of a doctor
B. Morning walk
C. Service of teacher
D. Service of an advocate
|
| 8 | Economics theory means |
A. economic policy
B. economic principles
C. descriptive economics
D. economics facts
|
| 9 | Robbins in his definition |
A. talks of scarcity of resources
B. preached moral values
C. supports Adam smith view
D. none of the above
|
| 10 | 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
|
Test Questions
Share your comments & questions here
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.