1st Chapter

ICS Part 1 Economics Chapter 1 MCQs Test

First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

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

ICS Part 1 Economics Chapter 1 Test

Start Chapter 1 Test

First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

Sr. # Questions Answers Choice
1 Select the correct statement
  • A. Economics affects politics
  • B. Economics affects history
  • C. Geography affects economics
  • D. all of the above are true
2 Which type of problems are brought under discussion in micro economics .
  • A. Consumer's behaviour
  • B. International trade
  • C. Balance of payment
  • D. Public finance
3 Wealth of Nations was written in
  • A. 1976
  • B. 1876
  • C. 1776
  • D. 1676
4 Adam smith was a
  • A. President of France
  • B. a modern economist
  • C. good sports man
  • D. classical economist
5 One of the following is not a part of macro economics.
  • A. Public finance
  • B. International trade.
  • C. Consumer behaviour.
  • D. National income.
6 Robbins definition of economics spell out the existence of
  • A. Economics problem
  • B. Social problem
  • C. Political problem
  • D. Moral problem
7 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
8 Economics problems arise because of
  • A. greed
  • B. scarcity
  • C. dishonesty
  • D. laziness
9 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
10 Economics laws
  • A. must be followed
  • B. are hated by people
  • C. show economic behavior of people
  • D. are unscientific

Top Scorers of Economics Ics Part 1 English Medium Chapter 1 Online Test

A

Abdul Haleem

Lahore05 - May - 2025

20/20
45 Sec
A

Abdul Haleem

Lahore05 - May - 2025

20/20
45 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

20/20
01 Mins 35 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

20/20
01 Mins 55 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

19/20
02 Mins 11 Sec
J

Jaweria Zarmeen

Lahore16 - Apr - 2025

19/20
03 Mins 24 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
45 Sec
U

Umme Ruman

Lahore26 - May - 2025

18/20
02 Mins 09 Sec
X

Xiao Jea

Lahore08 - Jul - 2025

18/20
05 Mins 23 Sec
A

Abdul Haleem

Lahore05 - May - 2025

17/20
45 Sec
A

Abdul Haleem

Lahore05 - May - 2025

17/20
45 Sec
M

Malik Waqas

Lahore21 - May - 2025

17/20
01 Mins 01 Sec
M

Muhammad Hassan

Lahore06 - May - 2025

17/20
01 Mins 34 Sec
U

Umme Ruman

Lahore26 - May - 2025

17/20
01 Mins 44 Sec
M

Muhammad Hassan

Lahore06 - May - 2025

17/20
01 Mins 46 Sec

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  • Afzal Rehmani

    02 Apr 2024

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    24 Dec 2019

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    01 Jul 2018

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    28 Apr 2017

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    27 Feb 2016

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