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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
One of the following is not studied in Micro economics.
Question # 2
Prof. Robins wrote a book in 1931 entitled.
Question # 3
Robbins definition of economics spell out the existence of
Question # 4
Which one is the non-economic activity.
Question # 5
The products which are not priced in the market are called .
Question # 6
A positive statement
Question # 7
According to Alfred Marshall, Economics should be taken as:
Question # 8
All materials goods which can satisfy humans wants are called.
Question # 9
Economics laws
Question # 10
One or more persons living together and having a common budget is called
Question # 11
Wealth of nations
Question # 12
In economics, assumptions
Question # 13
Economics laws are
Question # 14
Wealth of Nations was written by
Question # 15
Economics is a science which studies.
Question # 16
Basic economic problem is
Question # 17
Ceteris paribus means
Question # 18
Which laws are always subjected to certain conditions.
Question # 19
Select the correct statement
Question # 20
Economics theory 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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ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
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| 2 | 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
|
| 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 | Ceteris paribus means |
A. other things equal
B. all variable are independent
C. all relationships are inverse
D. that no other assumptions are made
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| 5 | All materials goods which can satisfy humans wants are called. |
A. Non economic goods
B. Economic goods
C. Capital goods
D. Services
|
| 6 | In which year Alfred Marshall wrote a book entitled "Principle of economics" |
A. 1850
B. 190
C. 1870
D. 1890
|
| 7 | 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
|
| 8 | 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
|
| 9 | Economic problems arises because of. |
A. Unlimited wants.
B. Scarcity of resources.
C. Alternative use of resources.
D. All of the above
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| 10 | A positive statement |
A. concerns what is
B. is always accurate
C. deals with values and opinions
D. cannot be tested in the real world
|
Test Questions