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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
Which law provides the base of law of demand
Question # 2
If the most part of total supply of commodity is produced by one firm, it is called
Question # 3
On which of the following law of diminishing marginal utility is applicable
Question # 4
If supply curve is horizontal (parallel to x-axis) then elasticity of supply is
Question # 5
The main source of the public revenue is
Question # 6
Utility attained by the consumption of first unit of a commodity is called
Question # 7
How many are kinds of economics
Question # 8
Adam Smith presented the basic canons of taxation
Question # 9
Marginal utility at the point of satiety is
Question # 10
Firms equilibrium is at that point where
Question # 11
Fixed costs are those costs of production which
Question # 12
According to quantity theory of money one halving the quantity of money prices
Question # 13
Who did present formula to measure Arc elasticity of demand
Question # 14
When production of a firm increases then total variable costs
Question # 15
One of the following is not disadvantage of international trade
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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ICom Part 1 Principles of Economics ( English Medium) Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The kind of market, in which a single firm produces a single commodity which has no close substitute |
A. Monopoly
B. Duopoly
C. Oligopoly
D. Perfect competition
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| 2 | Which side of life of human being is analysed in economics |
A. Political
B. Social
C. Economic
D. Moral
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| 3 | Which is not studied in macro economics |
A. National income
B. Money and banking
C. Price theory
D. Public finance
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| 4 | Demand for a commodity means |
A. Desire to purchase
B. Power to purchase
C. Price of commodity
D. All the three
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| 5 | Id demand changes by less than 10% due to 10% change in price, then elasticity of demand is called |
A. Equal to unity
B. More than unity
C. Less than unity
D. Infinite
|
| 6 | Price determined with the equilibrium of demand and supply on some day |
A. Short period price
B. Long period price
C. Market price
D. Normal price
|
| 7 | If the person has to pay the tax on whom it is levied, then it is called |
A. Direct tax
B. Indirect tax
C. Proportional tax
D. Progressive tax
|
| 8 | Comparative cost theory is also called |
A. Theory of comparison cost
B. Theory of specialization of cost
C. Theory of balanced cost
D. Theory of specialization of production
|
| 9 | Kinds of public expenditures are |
A. Two
B. Three
C. Four
D. Five
|
| 10 | Law of decreasing return is also known as: |
A. Increasing cost
B. Constant cost
C. Diminishing cost
D. Both (a) and (c)
|
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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