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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
Ceteris paribus means
Question # 3
Economics is a science
Question # 4
Which one is the non-economic activity.
Question # 5
Wants are unlimited for:
Question # 6
All the products which are priced in the market are.
Question # 7
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 8
normative economics
Question # 9
Economics is a science which studies.
Question # 10
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 11
Scarcity of goods means
Question # 12
One of the following is not a part of macro economics.
Question # 13
Who said that "Economics is a science of human welfare"
Question # 14
He described economics as a science of material welfare
Question # 15
Wealth of Nations was written in
Question # 16
One or more persons living together and having a common budget is called
Question # 17
Father of the political economy
Question # 18
Economics theory means
Question # 19
Which type of problems are brought under discussion in micro economics .
Question # 20
One of the following is not studied in Micro 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 -
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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 | 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 | Who was the founder of classical school of thought? |
A. Adam Smith
B. Marshall
C. Keynes
D. Maithus
|
| 3 | Wants are unlimited for: |
A. Poor person
B. Rich person
C. All persons
D. None of them
|
| 4 | Who said that "Economics is a science of human welfare" |
A. Adam Smith
B. Carlyle and Ruskin
C. Alfred Marshall
D. Malthus
|
| 5 | Adam smith was a |
A. President of France
B. a modern economist
C. good sports man
D. classical economist
|
| 6 | Which laws are implemented with an executive authority . |
A. Economic laws
B. Moral laws
C. State laws
D. Physical laws
|
| 7 | Which one is not doing an economic activity. |
A. One who is offering prayers.
B. One who works for wage.
C. One who rents out his property .
D. One who is an employee of Government
|
| 8 | Wealth of Nations was written by |
A. Adam Smith
B. Malthus
C. Marshall
D. Newton
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| 9 | Marshall is his definition of economics |
A. uses the concept of material welfare
B. dislikes wealth
C. accuses Adam smith
D. Praises Robbins
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| 10 | 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.
|
Test Questions