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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
The basic economic problem to all societies is
Question # 2
Wealth of nations
Question # 3
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 4
Scarcity means
Question # 5
Wealth of Nations was written in
Question # 6
The products which are not priced in the market are called .
Question # 7
Which of the following is the subject matter of Economics.
Question # 8
Prof. Robins wrote a book in 1931 entitled.
Question # 9
Which one is not doing an economic activity.
Question # 10
One of the following is not a characteristics of economic laws.
Question # 11
Three basic economics problems are
Question # 12
Robbins definition of economics spell out the existence of
Question # 13
Which laws are always subjected to certain conditions.
Question # 14
normative economics
Question # 15
Who criticized economics as "dismal Science".
Question # 16
A positive statement
Question # 17
Who was the exponent of macro economics in recent times.
Question # 18
All the products which are priced in the market are.
Question # 19
Economics is a science
Question # 20
In which year Alfred Marshall wrote a book entitled "Principle of 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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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 -
E Eman 19 - Jul - 2024 02 Min 36 Sec 16/20 -
N Najma Yaqoob 09 - Jan - 2025 03 Min 40 Sec 16/20 -
M Mohammad Akhlaq 17 - Oct - 2024 03 Min 58 Sec 16/20 -
A Ahmed Palijo 11 - May - 2024 04 Min 54 Sec 16/20 -
K King Anas 21 - May - 2024 09 Min 29 Sec 16/20 -
H Hassan Raza 14 - May - 2024 02 Min 02 Sec 15/20 -
A Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20 -
F Faiqa Shahid 20 - Jul - 2024 03 Min 24 Sec 15/20 -
R rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20 -
A Anila Zaib 10 - May - 2024 12 Min 27 Sec 15/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 2 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
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| 3 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
|
| 4 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
| 5 | 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
|
| 6 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
|
| 7 | Scarcity of goods means |
A. non availability of goods
B. high price of goods
C. People don't want to get such goods
D. the good is available but it is not free
|
| 8 | One of the following is not a part of macro economics. |
A. Public finance
B. International trade.
C. Consumer behaviour.
D. National income.
|
| 9 | Who criticized economics as "dismal Science". |
A. Alfred Marshall
B. Lionel Robbins
C. Carlyle and Ruskin
D. J.M. Keynes.
|
| 10 | According to Alfred Marshall, Economics should be taken as: |
A. Positive economics
B. Normative economics
C. Welfare economics
D. Applied economics
|
Test Questions