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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.

11th Class I.Com Part 1 Principles of Economics MCQ Test With Answer for Principles of Economics Full Book

As we know that the examination season is coming near so that is why all the students are looking busy in preparing themselves for final examination. Students who are sincere with their career and life know better what is the importance of good preparation or practice? Students are to inform that this is the good practice that allow you to sit in the examination hall with no sign of worry on your face. Obviously, when you perform well in the examination you get the exceptional result at the end. So, you are to inform that do what the strategic or planning you have made for your practice. But you are suggested that include one thing into your practice planning. Yes, we are offering you the online test system. No doubt, this test system can be the true promise of your good practice. ICOM students can find English Subject Online Test, Commerce Subject Online Test, and test of all other subjects. Here at this page, you are going to appear for Principles of Economics test just after clicking the below-mentioned button of Start Test.

 

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Top Scorers of Principles of Economics Icom Part 1 English Medium Online Test

W

Waj Khan

Lahore07 - Dec - 2023

11/15
06 Mins 05 Sec
M

Muhammad Rehmani

Lahore19 - Dec - 2023

9/15
03 Mins 49 Sec

11th Class I.Com Part 1 Principles of Economics MCQ Test With Answer for Principles of Economics Full Book

Sr. # Questions Answers Choice
1 Firm earns maximum profit at the point where
  • A. Difference between total costs and total revenue is highest and the total revenue curve is above
  • B. Total costs and total revenue curves intersect each other
  • C. Total costs curve is above the total revenue curve
  • D. Difference between total costs and total revenue is minimum
2 The exchange of goods and services from country to country is called
  • A. Foreign
  • B. National trade
  • C. Corporate trade
  • D. Domestic trade
3 When total utility is decreasing, marginal utility is
  • A. Zero
  • B. Positive
  • C. Negative
  • D. Maximum
4 How many kinds of costs are in the short period
  • A. Two
  • B. Three
  • C. Four
  • D. Five
5 Who does determine the reserve price
  • A. Buyer
  • B. Seller
  • C. Government
  • D. District adminitration
6 Initial utility of a product is:
  • A. Highest
  • B. Lowest
  • C. Constant
  • D. All of these
7 If supply does not change, then due to rise of demand
  • A. Equilibrium price increases
  • B. Equilibrium price decreases
  • C. Equilibrium price does not change
  • D. Equilibrium quantity decreases
8 The cause of extension and contraction of demand is
  • A. Income
  • B. Price
  • C. Population
  • D. Technology
9 The money whose face value is greater than its intrinsic value, is called
  • A. Standard metallic money
  • B. Paper money
  • C. Token money
  • D. Near money
10 "A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
  • A. Prof Keynes
  • B. Prof Mitchall
  • C. Prof Hanson
  • D. Prof Haberler

Share your comments questions here
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  • Z

    Zaheer Hussain

    13 Oct 2019

    which answers of given questions were wrong in my online test?

    Like
    Reply
  • T

    Taha Shah

    06 Aug 2019

    I love this website i may help the young genretion.

    Like (1)
    Reply
  • I

    Ibrahim

    24 Mar 2019

    Need economic full book mcqs

    Like (3)
    Reply
  • F

    Fahid Ali

    13 Mar 2019

    I like it

    Like (1)
    Reply
  • G

    Guest User

    10 Mar 2019

    kabhi kabhi obtained Mark's wrong hotey hein

    Like (1)
    Reply
  • A

    Amir

    11 Nov 2018

    nice

    Like (2)
    Reply
  • J

    Jansher

    04 Nov 2018

    no question

    Like (1)
    Reply
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