First Year Economics Chapter 9 Online MCQ Test for 1st Year Economics Chapter 9 (Capital Resources)

This online test contains MCQs about following topics:

Forms of Capital - Functions of Capital - Productivity of Capital - Capital Formation - Capital Formation in Pakistan

ICS Part 1 Economics Chapter 9 Test

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ICS Part 1 Economics Chapter Wise Test

MCQ's Test For Chapter 9 "Economics Ics Part 1 English Medium Chapter 9 Online Test"

Try The MCQ's Test For Chapter 9 "Economics Ics Part 1 English Medium Chapter 9 Online Test"

  • Total Questions20

  • Time Allowed30

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Economics Ics Part 1 English Medium Chapter 9 Online Test

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Question # 1

Which of the following is a producer good

Question # 2

Qd = 50 - 5P people will demand 50 when price of the product is:

Question # 3

How many functions of capital

Question # 4

These are kinds of capital EXCEPT

Question # 5

To the economist, investment refers to

Question # 6

Capital formation lakes place when

Question # 7

q = 4 + 2P it is a functional equation of.

Question # 8

A factory is an example of

Question # 9

Productivity of capital depends upon

Question # 10

The government constructed a new water reservoir for the purpose of irrigation; this might be taken as

Question # 11

It is function of capital

Question # 12

The part of wealth, other than natural resources, which can be used for further production of wealth are called

Question # 13

Qd = 12 - 2P
Qs= -4 + 6P in this market model, P and Q are respectively.

Question # 14

An example of money capital is

Question # 15

Net investment equals Gross investment MINUS

Question # 16

Which is NOT a cause of slow capital formation in Pakistan

Question # 17

Which of the following is NOT capital as economists use the term

Question # 18

Which one of the following is a functional equation of demand:

Question # 19

Which of the following is capital

Question # 20

How many various forms of capital

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ICS Part 1 Economics Chapter 9 MCQs Test

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ICS Part 1 Economics Chapter 9 Important MCQ's

Sr.# Question Answer
1 Capital formation lakes place when
A. people save a part of their incomes
B. saved amount is invested
C. investors expect good return
D. all of the three
2 Which of the following is NOT capital as economists use the term
A. an office building
B. machinery in a factory
C. an industrial robot
D. money
3 A factory is an example of
A. capital
B. natural resources
C. entrepreneurship
D. none of the above
4 Which of the following is capital
A. toy of a child
B. plough of the farmer
C. calculator of the student
D. novel book in the library
5 To the economist, investment refers to
A. sale of real estate
B. creation of new capital
C. purchase of a prize bond
D. decrease in inventories
6 The difference between iron ore deposits and the steel produced illustrates the difference between
A. labour and natural resources
B. labour and capital
C. natural resources and capital
D. natural resources and entrepreneurship
7 Which of the following is capital
A. tractor
B. TV station
C. tarbela dam
D. all of the three
8 The part of wealth, other than natural resources, which can be used for further production of wealth are called
A. Capital
B. Revenue
C. Fundamentals of economics
D. None of these
9 These are kinds of capital EXCEPT
A. fixed capital
B. expensive capital
C. working capital
D. real capital
10 Consists of all kinds of wealth, other than free gifts of nature, which yield income are called
A. Capital
B. Productivity of capital
C. Both a and b
D. None of these

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