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

  • Total Questions15

  • Time Allowed20

Principles of Economics Icom Part 1 English Medium Online Test

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Question # 1

"What performs the functions of money, is money"
This definition of money is stated by

Question # 2

Price and demand has a relationship:

Question # 3

If the rate of tax increase with the increase of level of income, is called

Question # 4

The second name of law of constant return is

Question # 5

Guides finance minister for levying tax on the income of the people

Question # 6

If the demand for a commodity is less elastic, then an entrepreneur in order to increase his profit

Question # 7

Inflation will be useful for

Question # 8

When total utility is decreasing, marginal utility is

Question # 9

Which on factor is the basic factor ?

Question # 10

Total utility always:

Question # 11

Deflation means:

Question # 12

The second name of law of increasing return is

Question # 13

Zakat can not be given

Question # 14

Duopoly refers to:

Question # 15

The shape of average cost curve in the short period is


Topic Test

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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

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Sr.# Question Answer
1 Fixed costs are those costs of production which
A. Rise with quantity of output
B. Do not change with any amount of production
C. Decline with rising production
D. None of these
2 Public finance and private finance are of each other
A. Opposite
B. Synonymous
C. Similar & different
D. None of three
3 When Ac is rising:
A. AC = MC
B. MC > AC
C. MC < AC
D. Both (b) and (c)
4 Economics is concerned with the attainment of material requisites
A. Robbins
B. Marshall
C. Pareto
D. Senior
5 Rate of Zakat is
A. 1 %
B. 2%
C. 2.5%
D. 5%
6 The coins whose current price is greater than their intrinsic value, are called
A. Standard coins
B. Paper money
C. Token money
D. Credit money
7 In law of constant return, marginal product
A. Increases
B. Decreases
C. Remains constant
D. Remains changing
8 If the rate of change in price and quantity demand is in equal ratio, then Elasticity of demand is:
A. Equal to zero
B. Equal to one
C. Smaller than one
D. Greater than one
9 The goods which are jointly demanded to satisfy a want, are called
A. Complimentary goods
B. Substitute goods
C. Alternative goods
D. inferior goods
10 If the rate of tax increase with the increase of level of income, is called
A. Progressive tax
B. Proportional tax
C. Regressive tax
D. Value added tax
ic

11th Class Principles of Economics Online Test

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