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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
Scarcity exists
Question # 2
Economic principle are also called
Question # 3
Who criticized economics as "dismal Science".
Question # 4
Which statement is true?
Question # 5
normative economics
Question # 6
A positive statement
Question # 7
Economics is a science which studies.
Question # 8
Who was the exponent of welfare economics.
Question # 9
The products which are not priced in the market are called .
Question # 10
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 11
Economics theory means
Question # 12
Micro economics concentrates
Question # 13
Economic laws can be define as .
Question # 14
Who was the founder of classical school of thought?
Question # 15
Prof. Robins wrote a book in 1931 entitled.
Question # 16
Wealth of Nations was written in
Question # 17
Robbins definition of economics spell out the existence of
Question # 18
Who was the exponent of macro economics in recent times.
Question # 19
Economics problems arise because of
Question # 20
Economics laws
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 -
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
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Economic principle are also called |
A. economic law
B. economic theory
C. economic model
D. all of the above
|
| 2 | Which of the following is the subject matter of Economics. |
A. Optimum use of limited resources for the satisfaction of unlimited human wants.
B. Economic problems of the developing countries.
C. Labour problems.
D. Balance of payment problems.
|
| 3 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
|
| 4 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
| 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 | 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 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
|
| 8 | Economics laws |
A. must be followed
B. are hated by people
C. show economic behavior of people
D. are unscientific
|
| 9 | 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
|
| 10 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
Test Questions
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Afzal Rehmani
02 Apr 2024How to make selected ch mcqz test
jarrar
01 Jul 2018omda web
Hammad gujjar
28 Apr 2017Good
Mir Abdulrehman
27 Feb 2016Nice web.