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
Economics laws are:
Question # 2
Economics laws are
Question # 3
Robbins in his definition
Question # 4
One of the following is not a characteristics of economic laws.
Question # 5
Which laws are implemented with an executive authority .
Question # 6
Economics is a science
Question # 7
Scarcity exists
Question # 8
Which type of problems are brought under discussion in micro economics .
Question # 9
Ceteris paribus means
Question # 10
Economics laws
Question # 11
Father of the political economy
Question # 12
Economics is a science which studies.
Question # 13
Economics problems arise because of
Question # 14
Who said that "Economics is a science of human welfare"
Question # 15
Which laws are always subjected to certain conditions.
Question # 16
Which statement relates to macroeconomics
Question # 17
Wealth of Nations was written in
Question # 18
Everyone should study economics is a
Question # 19
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 20
A positive statement
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 | 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
|
| 2 | Market system means |
A. Socialism
B. Capitalism
C. a place where goods are traded
D. all of the above
|
| 3 | Marshall is his definition of economics |
A. uses the concept of material welfare
B. dislikes wealth
C. accuses Adam smith
D. Praises Robbins
|
| 4 | Economics is a science which studies. |
A. Distribution of income
B. Optimum use of scarce resources.
C. Production of wealth only
D. Exchange of wealth only
|
| 5 | 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
|
| 6 | In which year Alfred Marshall wrote a book entitled "Principle of economics" |
A. 1850
B. 190
C. 1870
D. 1890
|
| 7 | Economics laws |
A. must be followed
B. are hated by people
C. show economic behavior of people
D. are unscientific
|
| 8 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
|
| 9 | Economics laws are |
A. exact
B. approximate
C. brief
D. definite
|
| 10 | Robbins in his definition |
A. talks of scarcity of resources
B. preached moral values
C. supports Adam smith view
D. none of the above
|
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.