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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
Select the correct statement
Question # 2
Marshall is his definition of economics
Question # 3
One of the following is not studied in Micro economics.
Question # 4
Who was the exponent of macro economics in recent times.
Question # 5
Economics theory means
Question # 6
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 7
Wealth of Nations was written in
Question # 8
All non materials products which can satisfy human wants are called.
Question # 9
Economics laws
Question # 10
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 11
Who criticized economics as "dismal Science".
Question # 12
Economic problems arises because of.
Question # 13
Robbins in his definition
Question # 14
Wealth of nations
Question # 15
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 16
One or more persons living together and having a common budget is called
Question # 17
Wants are unlimited for:
Question # 18
normative economics
Question # 19
Prof. Marshall thinks
Question # 20
Economics
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 -
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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
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| 2 | The products which are not priced in the market are called . |
A. Economic goods
B. Non-economic goods
C. Merit goods
D. Social goods
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| 3 | One or more persons living together and having a common budget is called |
A. union
B. organisation
C. household
D. house members
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| 4 | Basic economic problem is |
A. inflation
B. unemployment
C. scarcity
D. lack of money
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| 5 | Which one is not doing an economic activity. |
A. One who is offering prayers.
B. One who works for wage.
C. One who rents out his property .
D. One who is an employee of Government
|
| 6 | Who was the exponent of welfare economics. |
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
|
| 7 | Who criticized economics as "dismal Science". |
A. Alfred Marshall
B. Lionel Robbins
C. Carlyle and Ruskin
D. J.M. Keynes.
|
| 8 | Prof. Robins wrote a book in 1931 entitled. |
A. General Theory of employment. Interest and money.
B. An inquiry into the nature and causes of wealth of nations.
C. Principle of economics.
D. Nature and Significance of economic science.
|
| 9 | 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
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| 10 | Which one is the non-economic activity. |
A. Service of a doctor
B. Morning walk
C. Service of teacher
D. Service of an advocate
|
Test Questions
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