1st Chapter

ICS Part 1 Economics Chapter 1 MCQs Test

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

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

Sr. # Questions Answers Choice
1 Wants are unlimited for:
  • A. Poor person
  • B. Rich person
  • C. All persons
  • D. None of them
2 Who was the founder of classical school of thought?
  • A. Adam Smith
  • B. Marshall
  • C. Keynes
  • D. Maithus
3 Economics is a science
  • A. Spiritual
  • B. Social
  • C. dismal
  • D. moral
4 Robbins definition of economics spell out the existence of
  • A. Economics problem
  • B. Social problem
  • C. Political problem
  • D. Moral problem
5 Economics problems arise because of
  • A. greed
  • B. scarcity
  • C. dishonesty
  • D. laziness
6 Select the correct statement
  • A. Economics affects politics
  • B. Economics affects history
  • C. Geography affects economics
  • D. all of the above are true
7 He described economics as a science of material welfare
  • A. Robbins
  • B. Marshall
  • C. Ricardo
  • D. Keyness
8 Economic problems arises because of.
  • A. Unlimited wants.
  • B. Scarcity of resources.
  • C. Alternative use of resources.
  • D. All of the above
9 Everyone should study economics is a
  • A. positive statement
  • B. normative statement
  • C. true statement
  • D. nonsense
10 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

Top Scorers of Economics Ics Part 1 English Medium Chapter 1 Online Test

A

Abdul Haleem

Lahore05 - May - 2025

20/20
45 Sec
A

Abdul Haleem

Lahore05 - May - 2025

20/20
45 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

20/20
01 Mins 35 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

20/20
01 Mins 55 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

19/20
02 Mins 11 Sec
A

Abdul Haleem

Lahore05 - May - 2025

18/20
45 Sec
U

Umme Ruman

Lahore26 - May - 2025

18/20
02 Mins 09 Sec
X

Xiao Jea

Lahore08 - Jul - 2025

18/20
05 Mins 23 Sec
A

Abdul Haleem

Lahore05 - May - 2025

17/20
45 Sec
A

Abdul Haleem

Lahore05 - May - 2025

17/20
45 Sec
M

Malik Waqas

Lahore21 - May - 2025

17/20
01 Mins 01 Sec
M

Muhammad Hassan

Lahore06 - May - 2025

17/20
01 Mins 34 Sec
U

Umme Ruman

Lahore26 - May - 2025

17/20
01 Mins 44 Sec
M

Muhammad Hassan

Lahore06 - May - 2025

17/20
01 Mins 46 Sec
A

Abid Iqbal

Lahore10 - Jul - 2025

17/20
02 Mins 28 Sec

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  • Afzal Rehmani

    02 Apr 2024

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    24 Dec 2019

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    01 Jul 2018

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    28 Apr 2017

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    27 Feb 2016

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