11th Class I.Com Part 1 Principles of Economics MCQ Test With Answer for Principles of Economics Full Book
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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
Principles of Economics Icom Part 1 English Medium Online Test
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Question # 1
"National income is that part of material wealth of a nation which can be measured by the scale of money" This definition of national income is stated by the economist
Question # 2
Cost of a firm on the optimum combination of factors of production is
Question # 3
State laws are of
Question # 4
If the demand for a commodity is less elastic, then an entrepreneur in order to increase his profit
Question # 5
One condition which is not included in perfect competition conditions
Question # 6
The income which a person can use according to his will is called
Question # 7
Comparative Cost theory of international trade presented by:
Question # 8
When average cost falls marginal cost is ---------------- average cost
Question # 9
According to Prof. Jugglar a trade cycle comletes in
Question # 10
On which amount Zakat is payable
Question # 11
Monopoly refers to:
Question # 12
If tax rate increases with the increase in value of goods and services, it is called:
Question # 13
Law of increasing return is more applicable in:
Question # 14
According to Pigou national income is that part of material wealth
Question # 15
One of the following is not included in net national product
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03 Min 36 Sec
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Minahil Asif08 - Jun - 2024
00 Min 51 Sec
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Musa Aziz16 - May - 2026
02 Min 33 Sec
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Sumaiya Alvi23 - May - 2024
00 Min 19 Sec
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fatima raja22 - May - 2024
02 Min 31 Sec
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jahanzaib kafi22 - May - 2024
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Emansohail28 - Feb - 2026
03 Min 39 Sec
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ishrat fatima08 - Jun - 2024
02 Min 09 Sec
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Aisha Kashif17 - Nov - 2024
03 Min 02 Sec
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Abdul Majeed29 - Sep - 2025
06 Min 57 Sec
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Eman Fatima07 - Jun - 2024
17 Min 18 Sec
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Stvrr Lightt17 - May - 2026
02 Min 14 Sec
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Shahmeer Malik20 - Jul - 2024
02 Min 15 Sec
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Arif Nawaz22 - May - 2024
03 Min 26 Sec
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Shad Ali Shah31 - Jul - 2024
04 Min 26 Sec
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ICom Part 1
Principles of Economics ( English Medium)
Important MCQ's
Sr.#
Question
Answer
1
How many kinds of costs are in the short period
A. Two
B. Three
C. Four
D. Five
2
Walker, senior and Malthus belonged to school of thought
A. Classical
B. Neo classical
C. Keynesian
D. None of these
3
Which is subtracted from gross national product to find gross domestic product
A. Depreciation allowance
B. Net income received from foreign sources
C. Indirect taxes
D. Transfer payments
4
Income elasticity of demand is concerned with
A. Income and consumption of wealth
B. Income and demand for good
C. Price and income of the consumer
D. Price and demand for good
5
In balance of payments are included:
A. Visible items
B. Invisible items
C. Visible and invisible items
D. None of these
6
The costs which a firm bear only in case of producing commodities
A. Fixed costs
B. Variable costs
C. Total costs
D. Average fixed cost
7
Market equilibrium is determined when
A. Demand = supply
B. Demand > supply
C. Demand < supply
D. Demand = zero
8
The second name of law of increasing return is
A. Law of cost
B. Law of increasing cost
C. Law of decreasing cost
D. Law of constant cost
9
Modern theory of international trade was presented by:
A. Adam smith
B. David Ricardo
C. Hecksher and Ohlin
D. Marshall
10
Which thing of the following should be subtracted from gross national product to get net national product
A. Direct taxes
B. Indirect taxes
C. Depreciation allowance
D. Income received from foreign country
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.
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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