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

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  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 9 Online Test

00:00
Question # 1

How many various forms of capital

Question # 2

Productivity of capital depends upon

Question # 3

The difference between iron ore deposits and the steel produced illustrates the difference between

Question # 4

A factory is an example of

Question # 5

Consists of all kinds of wealth, other than free gifts of nature, which yield income are called

Question # 6

These are kinds of capital EXCEPT

Question # 7

Which is true

Question # 8

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

Question # 9

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

Question # 10

To the economist, investment refers to

Question # 11

Capital formation lakes place when

Question # 12

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

Question # 13

Which of the following is capital

Question # 14

How many functions of capital

Question # 15

Which of the following is capital

Question # 16

Net investment equals Gross investment MINUS

Question # 17

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

Question # 18

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

Question # 19

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

Question # 20

It is function of capital

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9th Chapter

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 These are kinds of capital EXCEPT
A. fixed capital
B. expensive capital
C. working capital
D. real capital
2 q = 4 + 2P it is a functional equation of.
A. Demand
B. Supply
C. Equilibrium of demand as supply
D. None of the three
3 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
4 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
5 Productivity of capital depends upon
A. quality of labour
B. quality of raw materials
C. quality of management
D. all of the above
6 Which is NOT a cause of slow capital formation in Pakistan
A. poverty
B. illiteracy
C. bad governance
D. low rate of taxes
7 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
8 How many functions of capital
A. 6
B. 5
C. 4
D. 7
9 Which of the following is a producer good
A. pen
B. cycle
C. mobile phone
D. hammer
10 The government constructed a new water reservoir for the purpose of irrigation; this might be taken as
A. increase in supply of capital
B. increase in supply of land
C. increase in supply of land and supply of capital
D. increase in natural resources

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