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

ICS Part 1 Economics Chapter 9 Test

Start Chapter 9 Test

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

Sr. # Questions Answers Choice
1 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
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 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
4 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
5 How many functions of capital
  • A. 6
  • B. 5
  • C. 4
  • D. 7
6 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
7 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
8 Which is true
  • A. capital depreciates
  • B. capital is primary factor of production
  • C. capital in not hireable
  • D. human capital is real capital
9 Which of the following is a producer good
  • A. pen
  • B. cycle
  • C. mobile phone
  • D. hammer
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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