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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
Economics problems arise because of
Question # 2
Prof. Marshall thinks
Question # 3
Economic problems arises because of.
Question # 4
Economic laws can be define as .
Question # 5
According to Alfred Marshall, Economics should be taken as:
Question # 6
Scarcity means
Question # 7
Which one is the non-economic activity.
Question # 8
Scarcity exists
Question # 9
Which laws are always subjected to certain conditions.
Question # 10
Economics is a science which studies.
Question # 11
normative economics
Question # 12
Robbins in his definition
Question # 13
Who said that "Economics is a science of human welfare"
Question # 14
Market system means
Question # 15
Ceteris paribus means
Question # 16
Economics theory means
Question # 17
Economics
Question # 18
One of the following is not a part of macro economics.
Question # 19
Economics laws
Question # 20
Wealth of Nations was written in
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 -
Z Zaina Ch 10 - May - 2024 02 Min 02 Sec 17/20 -
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 -
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K King Anas 21 - May - 2024 09 Min 29 Sec 16/20 -
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F Faiqa Shahid 20 - Jul - 2024 03 Min 24 Sec 15/20 -
R rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Economic laws can be define as . |
A. A statement of social behaviour
B. Laws implement by an executive
C. Laws of the state
D. Statement of general economic tendencies
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| 2 | 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
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| 3 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
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| 4 | Scarcity exists |
A. in only poor countries
B. in a country that uses resources inefficiently
C. in all countries of the world
D. when society produces unimportant goods
|
| 5 | Father of the political economy |
A. Adam smith
B. Malthus
C. Marshall
D. Samuelson
|
| 6 | 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
|
| 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 | Economics is a science |
A. Spiritual
B. Social
C. dismal
D. moral
|
| 9 | Economics laws |
A. must be followed
B. are hated by people
C. show economic behavior of people
D. are unscientific
|
| 10 | One or more persons living together and having a common budget is called |
A. union
B. organisation
C. household
D. house members
|
Test Questions