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9th Chapter

ICS Part 1 Economics Chapter 9 MCQs Test

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

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

Sr. # Questions Answers Choice
1 Q<sub>d</sub> = 12 - 2P<div>Q<sub>s</sub>= -4 + 6P in this market model, P and Q are respectively.</div>
  • A. 2 &amp; 8
  • B. 4 &amp; 8
  • C. 4 &amp; 10
  • D. None of the three
2 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
3 Which of the following is <i>NOT </i>capital as economists use the term
  • A. an office building
  • B. machinery in a factory
  • C. an industrial robot
  • D. money
4 Which is true
  • A. capital depreciates
  • B. capital is primary factor of production
  • C. capital in not hireable
  • D. human capital is real capital
5 Net investment equals Gross investment MINUS
  • A. fixed capital
  • B. capital depreciation
  • C. capital appreciation
  • D. capital formation
6 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
7 How many various forms of capital
  • A. 7
  • B. 8
  • C. 9
  • D. 10
8 Productivity of capital depends upon
  • A. quality of labour
  • B. quality of raw materials
  • C. quality of management
  • D. all of the above
9 Which one of the following is a functional equation of demand:
  • A. Q - 20 + 2P = 0
  • B. Q - 3 - 3P = 0
  • C. Q + -2P = 0
  • D. None of the three
10 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

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