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

ICS Part 1 Economics Chapter Wise Test

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

Start Test Download PDF

Economics Ics Part 1 English Medium Chapter 1 Online Test

00:00
Question # 1

All the products which are priced in the market are.

Question # 2

Robbins in his definition

Question # 3

Economics laws are

Question # 4

Scarcity means

Question # 5

Economic problems arises because of.

Question # 6

The products which are not priced in the market are called .

Question # 7

Father of the political economy

Question # 8

Prof. Robins wrote a book in 1931 entitled.

Question # 9

Scope of economics is defined as:

Question # 10

Wealth of Nations was written in

Question # 11

Economics problems arise because of

Question # 12

One of the following is not studied in Micro economics.

Question # 13

One of the following is not a characteristics of economic laws.

Question # 14

Ceteris paribus means

Question # 15

Market system means

Question # 16

Basic economic problem is

Question # 17

Which laws are implemented with an executive authority .

Question # 18

Three basic economics problems are

Question # 19

Wants are unlimited for:

Question # 20

Which statement relates to macroeconomics

Submit

Prepare Complete Set Wise Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

00:00
Submit
ic-science-white
Economics
1st Chapter

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 Who was the exponent of welfare economics.
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
2 Who criticized economics as "dismal Science".
A. Alfred Marshall
B. Lionel Robbins
C. Carlyle and Ruskin
D. J.M. Keynes.
3 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
4 Which laws are always subjected to certain conditions.
A. Social
B. Political
C. Moral
D. Economic
5 Economics laws are:
A. Statements of tendencies in economic behaviour
B. Unrealistic to deal with real economic problems.
C. Absolute and certain like the laws of physical science
D. Used to forecast the growth rate of an economy.
6 Economics theory means
A. economic policy
B. economic principles
C. descriptive economics
D. economics facts
7 Prof. Robins wrote a book in 1931 entitled.
A. General Theory of employment. Interest and money.
B. An inquiry into the nature and causes of wealth of nations.
C. Principle of economics.
D. Nature and Significance of economic science.
8 Market system means
A. Socialism
B. Capitalism
C. a place where goods are traded
D. all of the above
9 Wants are unlimited for:
A. Poor person
B. Rich person
C. All persons
D. None of them
10 Everyone should study economics is a
A. positive statement
B. normative statement
C. true statement
D. nonsense

Test Questions