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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
Micro economics concentrates
Question # 2
Who was the exponent of welfare economics.
Question # 3
All materials goods which can satisfy humans wants are called.
Question # 4
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 5
normative economics
Question # 6
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 7
All the products which are priced in the market are.
Question # 8
Scarcity means
Question # 9
Which one is the non-economic activity.
Question # 10
Which type of problems are brought under discussion in micro economics .
Question # 11
Prof. Marshall thinks
Question # 12
Economics
Question # 13
Economic laws can be define as .
Question # 14
Three basic economics problems are
Question # 15
Select the correct statement
Question # 16
One of the following is not studied in Micro economics.
Question # 17
The basic economic problem to all societies is
Question # 18
Who was the exponent of macro economics in recent times.
Question # 19
Economic problems arises because of.
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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L Laiba Muqaddas 25 - Jul - 2024 04 Min 48 Sec 20/20 -
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ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | All non materials products which can satisfy human wants are called. |
A. Economic goods
B. Services
C. Non-economics goods
D. Services
|
| 2 | In which year Alfred Marshall wrote a book entitled "Principle of economics" |
A. 1850
B. 190
C. 1870
D. 1890
|
| 3 | Which statement is true? |
A. Economics is a physical and normative science
B. Economics is a social and natural science
C. Economics is physical and positive science
D. Economics is a social and normative science
|
| 4 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 5 | Scarcity means |
A. non availability of goods
B. high price of goods
C. less supply than demand
D. high profit of the firms
|
| 6 | Economics laws |
A. must be followed
B. are hated by people
C. show economic behavior of people
D. are unscientific
|
| 7 | 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
|
| 8 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
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| 9 | Who criticized economics as "dismal Science". |
A. Alfred Marshall
B. Lionel Robbins
C. Carlyle and Ruskin
D. J.M. Keynes.
|
| 10 | Basic economic problem is |
A. inflation
B. unemployment
C. scarcity
D. lack of money
|
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.