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Principles of Economics Icom Part 1 English Medium Online Test
Try The Principles of Economics Icom Part 1 English Medium Online Test
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Online Test
00:00
Question # 1
In between how many countries international trade takes place under comparative cost theory
Question # 2
Production of a commodity depends upon four factors of production i.e. land, labour, capital and organization
Question # 3
In order to satisfy some wants, more than one commodities are needed. Demand for such commodities is called
Question # 4
If an entrepreneur does service, in economics it is called
Question # 5
Which economist explained the absolute difference of cost of two good between two countries
Question # 6
During depression, increases
Question # 7
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 8
Quantity of a commodity offered for sale in a market at a certain price during a given period of time, is called
Question # 9
Inconvertible paper money is issued by
Question # 10
To derive economic laws inductive method was adopted by
Question # 11
Utility attained by all the units of a commodity consumed
Question # 12
Which one is comparatively the most important factor ?
Question # 13
Under monopoly the price is always equal to:
Question # 14
What remains after the deduction of direct tax from the personal income
Question # 15
Which laws are framed by parliament
Here is List Of Chapter Wise Tests
| Ch. # | Test Name | MCQs Available | PDF File | Launch Test |
|---|---|---|---|---|
| 1 | Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test | 130 | Download PDF | Launch Test |
| 2 | Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test | 68 | Download PDF | Launch Test |
| 3 | Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test | 194 | Download PDF | Launch Test |
| 4 | Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test | 46 | Download PDF | Launch Test |
| 5 | Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test | 50 | Download PDF | Launch Test |
| 6 | Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test | 64 | Download PDF | Launch Test |
| 7 | Principles of Economics Icom Part 1 English Medium Chapter 7 Online Test | 49 | Download PDF | Launch Test |
| 8 | Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test | 36 | Download PDF | Launch Test |
| 9 | Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test | 67 | Download PDF | Launch Test |
| 10 | Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test | 85 | Download PDF | Launch Test |
| 11 | Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test | 46 | Download PDF | Launch Test |
| 12 | Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test | 66 | Download PDF | Launch Test |
| 13 | Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test | 76 | Download PDF | Launch Test |
Top Scorers of Principles of Economics Icom Part 1 English Medium Online Test
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M Minahil Asif 08 - Jun - 2024 00 Min 51 Sec 14/15 -
S Sumaiya Alvi 23 - May - 2024 00 Min 19 Sec 12/15 -
F fatima raja 22 - May - 2024 02 Min 31 Sec 12/15 -
J jahanzaib kafi 22 - May - 2024 03 Min 19 Sec 12/15 -
I ishrat fatima 08 - Jun - 2024 02 Min 09 Sec 11/15 -
A Aisha Kashif 17 - Nov - 2024 03 Min 02 Sec 11/15 -
Z Zainab Malik 15 - May - 2024 03 Min 51 Sec 11/15 -
A Abdul Majeed 29 - Sep - 2025 06 Min 57 Sec 11/15 -
E Eman Fatima 07 - Jun - 2024 17 Min 18 Sec 11/15 -
S Shahmeer Malik 20 - Jul - 2024 02 Min 15 Sec 10/15 -
R Rose City 15 - May - 2024 02 Min 38 Sec 10/15 -
A Arif Nawaz 22 - May - 2024 03 Min 26 Sec 10/15 -
S Shad Ali Shah 31 - Jul - 2024 04 Min 26 Sec 10/15 -
G Ghazanfar Hero 08 - Jun - 2024 05 Min 10 Sec 10/15 -
M Malik Razzaq 15 - May - 2024 01 Min 42 Sec 9/15
ICom Part 1 Principles of Economics ( English Medium) Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The rate of usher on product of canal land is |
A. 5%
B. 10%
C. 20%
D. 2.5%
|
| 2 | One of the following is not substitute good: |
A. Mobile and charger
B. Petrol and CNG
C. Burger and Shawarma
D. Both b & c
|
| 3 | Utility attained by consuming an additional or last unit of a commodity |
A. Positive utility
B. Negative utility
C. Zero utility
D. Marginal utility
|
| 4 | Degree of change in quantity supplied due to change in price is called |
A. Extension of supply
B. Rise of supply
C. Elasticity of supply
D. None of three
|
| 5 | MC cuts AC at: |
A. Maximum point
B. Minimum point
C. Increasing point
D. Decreasing point
|
| 6 |
"Public finance is that branch of economics which studies the revenue and expenditures of governments institutions, their inter-relationship and financial administration" This definition is stated by |
A. Bastable
B. Armitage Smith
C. Marshall
D. Pigou
|
| 7 | Finance minister imposes tax on the goods having more elastic demand |
A. At low rate
B. At high rate
C. At the same rate
D. At zero rate
|
| 8 | Behavior adopted on the basis of unlimited wants and limited means, is named |
A. Science
B. Art
C. Economics
D. Struggle
|
| 9 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
| 10 | If the total expenditure of the consumer increases due to increase in price, then nature of elasticity of demand will be |
A. Equal to unity
B. Less than unity
C. More than unity
D. Elasticity of demand = zero
|
11th Class Principles of Economics Online Test
Here you can prepare 11th Class Prin. of Economics English Medium Online Test. Click the button for 11th Class Prin. of Economics English Medium 100% free full practice test.
Test Questions
Share your comments & questions here
zaheer hussain
13 Oct 2019which answers of given questions were wrong in my online test?
Taha shah
06 Aug 2019I love this website i may help the young genretion.
Ibrahim
24 Mar 2019Need economic full book mcqs
Fahid ali
13 Mar 2019I like it
User0
10 Mar 2019kabhi kabhi obtained Mark's wrong hotey hein