Principles of Economics Icom Part 1 English Medium Online Test With Answers

Principles of Economics Icom Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 All the factors production can be hired except. Land Labour Capital Organization
2 What is the reward of Organization ? Rent Wage Interest Profit
3 Reward of capital is called Rent Wage Interest Profit
4 What is the reward of Labour ? Rent Wage Interest Profit
5 Reward of Land is called. Rent Wage Interest Profit
6 One of the following is not land: White house Sub continents Power house Both (a) and (b)
7 Which factor combines other three factors ? Land Labour Capital Organization
8 Which factor is helpful for earning more income ? Land Labour Capital Organization
9 One of the following is considered as capital: Land Labour Raw material Both (a) and (b)
10 Which one is immobile factor ? Land Labour Capital Organization
11 One of the following is a fixed capital: Raw material Machinery Saving certificate None of these
12 Which one is comparatively the most important factor ? Land Labour Capital Organization
13 Which one factor is free gift of nature ? Land Labour Capital Organization
14 Which on factor is the basic factor ? Land Labour Capital Organization
15 If supply does not change, then due to rise in demand, equilibrium price. Increases Decreases Does not change Becomes zero
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