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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
Capital goods are those which can satisfy human wants:
Question # 2
Under monopoly, the slope of MR curve is:
Question # 3
Which one of the following is included in balance of trade
Question # 4
According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity
Question # 5
How many kinds of costs are in the short period
Question # 6
The second name of law of increasing return is
Question # 7
Finance minister in order to increase the public revenue, imposes tax on the commodities whose demand is less elastic
Question # 8
A firm is in equilibrium when its
Question # 9
Which economist did present, cardinal theory of utility
Question # 10
Which curve represents demand curve also
Question # 11
Who did write the book named "An enquiry into the nature and causes of the wealth of nations"
Question # 12
If quantity demanded for a commodity changes due to the change in income, it is called
Question # 13
Over investment theory is presented by
Question # 14
When price decreases, supply
Question # 15
Elasticity of demand for the commodities which have substitutes, is
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 -
E Emansohail 28 - Feb - 2026 03 Min 39 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 -
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 | Usher is levied on |
A. Cash amount
B. Goats and sheep
C. Trading goods
D. Agricultural production
|
| 2 | The amount of money which a firm gets by selling a particular quantity of output, is called |
A. Average revenue
B. Marginal revenue
C. Total revenue
D. Fixed cost
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| 3 | Which laws are definite and universal |
A. Economic laws
B. Moral laws
C. State laws
D. Scientific laws
|
| 4 | If tax rate increases with the increase in value of goods and services, it is called: |
A. Direct tax
B. Value added tax
C. Progressive tax
D. Regressive tax
|
| 5 | When total production is maximum, marginal product is: |
A. Positive
B. Negative
C. Zero
D. Infinite
|
| 6 | Reward of capital is called |
A. Rent
B. Wage
C. Interest
D. Profit
|
| 7 | If a monopolist wants to increase the sale of its product, it will have to --------- the price of its good |
A. Decrease
B. Increase
C. Keep constant
D. None of the three
|
| 8 | If the equation is this, MC=MR-AR(P)=AC, then the firm |
A. Earns normal profit
B. Earns abnormal profit
C. Bears minimum loss
D. Bears abnormal loss
|
| 9 | TU is maximum where MU of all goods is: |
A. Minimum
B. Maximum
C. Negative
D. Equal
|
| 10 | A textile mill produces 2000 meters cloth. Entrepreneur offers 1500 meters cloth to sell at price Rs 100 per meter and 500 meters cloth keeps with him. Cloth kept by the entrepreneur is called |
A. Total production
B. Supply
C. Stock
D. Surplus production
|
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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