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ICOM Part 1 Principles of Economics English Medium MCQ's Test

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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.

ICOM Part 1 Principles of Economics English Medium Full Book MCQ's Test

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ICOM Part 1 Principles of Economics Chapter Wise Test (English Medium)

 

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

A

Ahsan Ikram

Lahore21 - May - 2025

15/15
03 Mins 29 Sec
M

M Asif

Lahore15 - Jun - 2025

14/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

14/15
30 Sec
S

Sadia6560 Noman

Lahore14 - May - 2025

14/15
02 Mins 24 Sec
M

Minahil

Lahore27 - Apr - 2025

14/15
03 Mins 14 Sec
A

Ahsan Ikram

Lahore21 - May - 2025

14/15
03 Mins 29 Sec
M

M Asif

Lahore15 - Jun - 2025

13/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

13/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

13/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

13/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

12/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

12/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

12/15
30 Sec
M

M Asif

Lahore15 - Jun - 2025

12/15
30 Sec
A

Aayan Ahmad

Lahore20 - May - 2025

12/15
01 Mins 50 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 If price of a commodity constant but its supply increases or price decreases but supply remains constant, it is called
  • A. Rise of supply
  • B. Fall of supply
  • C. Extension of supply
  • D. Contraction of supply
2 According to which economist, some factors are indivisble
  • A. Adam Smith
  • B. Marshall
  • C. Davenport
  • D. Hobson
3 Which one is comparatively the most important factor ?
  • A. Land
  • B. Labour
  • C. Capital
  • D. Organization
4 Tractor, harvester, thrasher etc are the examples of factor of production
  • A. Land
  • B. Labour
  • C. Capital
  • D. Organization
5 When marginal product is zero, total product is
  • A. Maximum
  • B. Minimum
  • C. Negative
  • D. Zero
6 The demand curve for monopolist is also called
  • A. Total revenue
  • B. Average revenue
  • C. Marginal revenue
  • D. Zero revenue
7 Net national product is found by
  • A. Subtracting tax from gross national product
  • B. Subtracting transfer payments form gross national product
  • C. Subtracting depreciation allowance from gross national product
  • D. Subtracting subsidies from gross national product
8 According to Marshall, Economics is
  • A. Social Science
  • B. Correcting science
  • C. Positive science
  • D. Moral science
9 Which law provides the base of law of demand
  • A. Law of supply
  • B. Law of diminishing marginal utility
  • C. Law of equi marginal utility
  • D. Law of decreasing return
10 To derive economic laws inductive method was adopted by
  • A. Classical school of thought
  • B. Neo classical school of thought
  • C. Historical school of thought
  • D. Modern school of thought

Share your comments questions here
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  • Zaheer Hussain

    13 Oct 2019

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

    Like (2)
    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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