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
The money whose face value is greater than its intrinsic value, is called
Question # 2
The shape of average cost curve in the short period is
Question # 3
Relationship between price of a commodity and demand for it exists
Question # 4
When general price level increases due to increase in aggregate demand, it is known as?
Question # 5
Finance minister in order to increase the public revenue imposes the tax on the commodities whose demand is more elastic
Question # 6
If the ratio of change in demand is equal to the ratio of change in price, elasticity of demand will be
Question # 7
Another name of unitary method is
Question # 8
According to quantity theory of money doubling the quantity of money, prices
Question # 9
Organization means an individual or institution which with optimum factor combination
Question # 10
Meteorological theory of trade cycle was presented by:
Question # 11
Unitary method is also known as:
Question # 12
If price of a commodity remains constant but its supply decreases or price increases but supply remains constant, it is called
Question # 13
If a person does not pay the amount of the tax from his own pocked on whom it is levied rather shifts its barden on some other person, then it is called
Question # 14
The percentage part of the mineral production is payable as Zakat on private owners of minerals
Question # 15
The goods which can be used in place of each other, are called
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ICom Part 1
Principles of Economics ( English Medium)
Important MCQ's
Sr.#
Question
Answer
1
Utility can not be measurable who has said
A. Marshall
B. Hicks
C. Pigue
D. Adam Smith
2
Third factor of production is called
A. land
B. labour
C. capital
D. organization
3
Elasticity of supply is the name of
A. Change in price
B. Change in income
C. Feature of change in supply
D. Change in price and income
4
One of the following is not included in labour
A. Teaching of a teacher in a school
B. Working of a clerk in an office
C. To follow a case by a lawyer
D. To look after the child by his mother
5
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
6
Which is not studied in macro economics
A. National income
B. Money and banking
C. Price theory
D. Public finance
7
Wages of permanent labourers are:
A. Fixed cost
B. Marginal cost
C. Total cost
D. Variable cost
8
When marginal utility is positive, total utility:
A. Decreases
B. Increases
C. Zero
D. All of them
9
Which is considered as a transfer payment
A. wages
B. salaries
C. prices
D. unemployment allowances
10
If demand falls more proportionately then that of supply then
A. Equilibrium price increases
B. Equilibrium price decreases
C. Equilibrium price does not change
D. Equilibrium quantity increases
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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Share your comments & questions here
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