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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
Wealth of Nations was written by
Question # 2
Micro economics concentrates
Question # 3
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 4
Marshall wrote the book
Question # 5
Select the correct statement
Question # 6
Who was the founder of classical school of thought?
Question # 7
Wealth of nations
Question # 8
Which one is not doing an economic activity.
Question # 9
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 10
Robbins definition of economics spell out the existence of
Question # 11
normative economics
Question # 12
Economics problems arise because of
Question # 13
Economic problems arises because of.
Question # 14
Who was the exponent of macro economics in recent times.
Question # 15
Scarcity exists
Question # 16
Economic laws can be define as .
Question # 17
The products which are not priced in the market are called .
Question # 18
All non materials products which can satisfy human wants are called.
Question # 19
All the products which are priced in the market are.
Question # 20
Scarcity of goods means
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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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 -
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M Mohammad Akhlaq 17 - Oct - 2024 03 Min 58 Sec 16/20 -
K King Anas 21 - May - 2024 09 Min 29 Sec 16/20 -
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A Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20 -
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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 | Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
A. 1776
B. 1998
C. 1931
D. 1936
|
| 2 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
| 3 | Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in. |
A. 1784
B. 1792
C. 1776
D. 1796
|
| 4 | Who was the exponent of welfare economics. |
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
|
| 5 | 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
|
| 6 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
|
| 7 | Three basic economics problems are |
A. what, how and for whom
B. why, where and when
C. what, which and how much
D. what, which and why
|
| 8 | Wealth of nations |
A. is another name for united nations
B. is name of a book
C. indicates total wealth of rich countries
D. contains formulas to earn wealth
|
| 9 | Economic problems arises because of. |
A. Unlimited wants.
B. Scarcity of resources.
C. Alternative use of resources.
D. All of the above
|
| 10 | Who criticized economics as "dismal Science". |
A. Alfred Marshall
B. Lionel Robbins
C. Carlyle and Ruskin
D. J.M. Keynes.
|
Test Questions