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This online test contains MCQs about following topics:
Factors of production - Production Function
MCQ's Test For Chapter 7 "Economics Ics Part 1 English Medium Chapter 7 Online Test"
Try The MCQ's Test For Chapter 7 "Economics Ics Part 1 English Medium Chapter 7 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 7 Online Test
00:00
Question # 1
When both demand and supply fall in equal proportions, price of the product will .
Question # 2
Land is
Question # 3
If supply rises more than demand, price of the product will.
Question # 4
Which of the following factors takes risk, innovates and coordinates
Question # 5
The following is NOTa factor of production
Question # 6
Production in economic means
Question # 7
Which of the following input factor takes risk, innovates and coordinates
Question # 8
The transformation of resources into economic goods and services is called
Question # 9
The transformation of resources into economic gods and services is
Question # 10
Land means
Question # 11
For production of goods we need factors
Question # 12
Geographical mobility is not possible for
Question # 13
Productivity of land can be raised by
Question # 14
Which of the following is correct with respect to resources
Question # 15
Given the supply curve, a fall in demand will.
Question # 16
When demand rises more than supply price of the product will.
Question # 17
The three broad types of productive resources are
Question # 18
Given the demand curve, a rise in supply will.
Question # 19
If the government supplies a product at a price less than the equilibrium price, it will create:
Question # 20
Land, labour and capital are needed to produce goods. They are collectively called
ICS Part 1 Economics Chapter 7 MCQs Test
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Test Questions