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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
Feature of a commodity to satisfy human want, is called
Question # 2
Writing of the same behavior of the people in particular arrangement and words is called
Question # 3
Market value of all final goods and services is known as:
Question # 4
Rent of the building, interest of the capital and salaries of the permanent staff etc are called
Question # 5
Depreciation means:
Question # 6
If tax rate increases with increase in income level:
Question # 7
In Macro economies the vital role is played by:
Question # 8
Which factor can not be stored
Question # 9
Wages of temporary labourers are
Question # 10
Cause of movement along the supply curve is
Question # 11
Deductive method of economic study.
Question # 12
If the demand for commodity being produced increases, then a firm in the short run ------- its variable factors
Question # 13
Kinds of public expenditures are
Question # 14
Which factor is oldest and basic factor of production
Question # 15
"The study of nature and principles of government expenditures and revenue is called public finance"
"The study of nature and principles of government expenditures and revenue is called public finance"
This definition is stated by
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 | Public finance and private finance are of each other |
A. Opposite
B. Synonymous
C. Similar & different
D. None of three
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| 2 | If price decreases but supply remains constant, it is called: |
A. Fall in supply
B. Contraction in supply
C. Expansion in supply
D. Rise in supply
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| 3 | When supply curve shifts rightward or down it is called |
A. Rise of supply
B. Fall of supply
C. Extension of supply
D. Contraction of supply
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| 4 | Which economist stated that utility is not measurable |
A. Adam Smith
B. Marshall
C. Cannon
D. Hicks
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| 5 | In which phase of a trade cycle national product, wages, prices and profits reach at their peak |
A. Recovery
B. Boom
C. Recession
D. Depression
|
| 6 | Which one of the following is direct tax |
A. Sales tax
B. Import duty
C. Export duty
D. Income tax
|
| 7 | According to comparative cost theory conditions ------------- in goods and labour market exist |
A. of monopoly
B. of duopoly
C. Monopolistic competition
D. of perfect competition
|
| 8 | Who is the Founder of macro economics ? |
A. Marshall
B. Malthus
C. Adam smith
D. Keynes
|
| 9 | When total revenue and total cost of a firm are equal, the firm earns |
A. Abnormal profit
B. Normal profit
C. Normal loss
D. Abnormal loss
|
| 10 | Usher is levied on |
A. Cash amount
B. Goats and sheep
C. Trading goods
D. Agricultural 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.
Test Questions
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