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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
Economic principle are also called
Question # 2
Economics theory means
Question # 3
Prof. Robins wrote a book in 1931 entitled.
Question # 4
Economics laws are
Question # 5
Scarcity of goods means
Question # 6
Economics problems arise because of
Question # 7
Which type of problems are brought under discussion in micro economics .
Question # 8
A positive statement
Question # 9
Robbins in his definition
Question # 10
Economics
Question # 11
All the products which are priced in the market are.
Question # 12
The products which are not priced in the market are called .
Question # 13
According to Alfred Marshall, Economics should be taken as:
Question # 14
Basic economic problem is
Question # 15
Scope of economics is defined as:
Question # 16
Wealth of Nations was written by
Question # 17
normative economics
Question # 18
Who was the founder of classical school of thought?
Question # 19
All materials goods which can satisfy humans wants are called.
Question # 20
Economic problems arises because of.
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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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 -
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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 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 2 | Wealth of Nations was written in |
A. 1976
B. 1876
C. 1776
D. 1676
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| 3 | 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
|
| 4 | Basic economic problem is |
A. inflation
B. unemployment
C. scarcity
D. lack of money
|
| 5 | Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
A. 1776
B. 1998
C. 1931
D. 1936
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| 6 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
|
| 7 | Everyone should study economics is a |
A. positive statement
B. normative statement
C. true statement
D. nonsense
|
| 8 | Which of the following is the subject matter of Economics. |
A. Optimum use of limited resources for the satisfaction of unlimited human wants.
B. Economic problems of the developing countries.
C. Labour problems.
D. Balance of payment problems.
|
| 9 | 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
|
| 10 | Economics is a science |
A. Spiritual
B. Social
C. dismal
D. moral
|
Test Questions
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Afzal Rehmani
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Mir Abdulrehman
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