Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
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"
-
Total Questions20
-
Time Allowed30
Economics Ics Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 2
Who was the founder of classical school of thought?
Question # 3
Economics is a science
Question # 4
Ceteris paribus means
Question # 5
The products which are not priced in the market are called .
Question # 6
He described economics as a science of material welfare
Question # 7
Which laws are always subjected to certain conditions.
Question # 8
Which of the following is the subject matter of Economics.
Question # 9
Which statement relates to macroeconomics
Question # 10
Robbins definition of economics spell out the existence of
Question # 11
Scarcity exists
Question # 12
Wealth of nations
Question # 13
Three basic economics problems are
Question # 14
Scarcity means
Question # 15
Who was the exponent of welfare economics.
Question # 16
Father of the political economy
Question # 17
Validity of economics theories can never be proved with 100 percent certainty, because
Question # 18
Who criticized economics as "dismal Science".
Question # 19
normative economics
Question # 20
All the products which are priced in the market are.
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
-
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 -
A Abdullah Safdar 23 - Jun - 2026 02 Min 44 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 -
K King Anas 21 - May - 2024 09 Min 29 Sec 16/20 -
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 Aiman Sadaqet 30 - Apr - 2026 04 Min 32 Sec 15/20 -
Q Qazi Mohid 09 - Jun - 2026 06 Min 25 Sec 15/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which laws are always subjected to certain conditions. |
A. Social
B. Political
C. Moral
D. Economic
|
| 2 | Wants are unlimited for: |
A. Poor person
B. Rich person
C. All persons
D. None of them
|
| 3 | One of the following is not a characteristics of economic laws. |
A. Economic laws lack exactitude
B. Economic laws lack predictability
C. They are not universa!
D. They are not optional
|
| 4 | Three basic economics problems are |
A. what, how and for whom
B. why, where and when
C. what, which and how much
D. what, which and why
|
| 5 | Father of the political economy |
A. Adam smith
B. Malthus
C. Marshall
D. Samuelson
|
| 6 | One of the following is not studied in Micro economics. |
A. Equilibrium to the firm
B. Distribution of rewards to factors of productions
C. Banking system
D. Market equilibrium
|
| 7 | All materials goods which can satisfy humans wants are called. |
A. Non economic goods
B. Economic goods
C. Capital goods
D. Services
|
| 8 | Wealth of Nations was written in |
A. 1976
B. 1876
C. 1776
D. 1676
|
| 9 | Adam smith was a |
A. President of France
B. a modern economist
C. good sports man
D. classical economist
|
| 10 | The products which are not priced in the market are called . |
A. Economic goods
B. Non-economic goods
C. Merit goods
D. Social goods
|
Test Questions