11th class Economics chapter 1 online mcq test with answers for ICS part 1 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

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ICS Part 1 Economics Chapter Wise Test

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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	Robbins definition of economics spell out the existence of	A. Economics problem B. Social problem C. Political problem D. Moral problem
3	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
4	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
5	Economic problems arises because of.	A. Unlimited wants. B. Scarcity of resources. C. Alternative use of resources. D. All of the above
6	Who was the exponent of welfare economics.	A. Alfred Marshall. B. Adam smith. C. Lionel Robbins D. J.M. Keynes.
7	All non materials products which can satisfy human wants are called.	A. Economic goods B. Services C. Non-economics goods D. Services
8	According to Alfred Marshall, Economics should be taken as:	A. Positive economics B. Normative economics C. Welfare economics D. Applied economics
9	Everyone should study economics is a	A. positive statement B. normative statement C. true statement D. nonsense
10	Father of the political economy	A. Adam smith B. Malthus C. Marshall D. Samuelson

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First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

ICS Part 1 Economics 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"

Economics Ics Part 1 English Medium Chapter 1 Online Test

Economic laws can be define as .

Which one is not doing an economic activity.

Economics laws are:

In economics, assumptions

Economics is a science which studies.

Prof. Robins wrote a book in 1931 entitled.

Economics

Which statement relates to macroeconomics

Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.

Scarcity means

Robbins in his definition

Micro economics concentrates

One of the following is not a part of macro economics.

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

Three basic economics problems are

Scarcity of goods means

All materials goods which can satisfy humans wants are called.

All the products which are priced in the market are.

Which one is the non-economic activity.

In which year Alfred Marshall wrote a book entitled "Principle of economics"

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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

ICS Part 1 Economics Chapter 1 Important MCQ's

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