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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
In balance of payments are included:
Question # 2
To determine consumer's equilibrium, professor Marshall got help from the law
Question # 3
Which is subtracted from gross national product to find gross domestic product
Question # 4
Applied on agriculture immediately
Question # 5
The second name of law of increasing return is
Question # 6
Other things remaining the same, marginal utility of a commodity diminishes with its continuous consumption. This law is called
Question # 7
As factor of production, river and sea are called
Question # 8
If demand changes by 10% due to 10% change in price, then elasticity of demand is called
Question # 9
Change in total production is called
Question # 10
That particular price below which price the seller is not ready to sell his commodity, is called
Question # 11
Cheque is which kind of money:
Question # 12
The trade that takes place between the inhabitants of two countries is called
Question # 13
Which is the Demand Curve of a frim
Question # 14
Relationship of level of prices and quantity of money
Question # 15
Marginal utility curve moves
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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G Ghazanfar Hero 08 - Jun - 2024 05 Min 10 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Blessings like air, rain existing on land are included in factor of production |
A. Labour or human resources
B. Capital or monetary resources
C. Land or natural resources
D. Organisation
|
| 2 | If supply does not change, then due to fall of demand |
A. Equilibrium price decreases
B. Equilibrium price increases
C. Equilibrium price does not change
D. Equilibrium quantity increases
|
| 3 | If the ratio of change in demand is less than the ratio of change in price, elasticity of demand will be |
A. More than unity
B. Less than unity
C. Equal to unity
D. Zero
|
| 4 | Who said that economics is science of unlimited wants and limited means |
A. Adam Smith
B. Marshall
C. Pigou
D. Robbins
|
| 5 | When price decreases, supply |
A. Extends
B. Contracts
C. Becomes zero
D. Remains fixed
|
| 6 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
| 7 | Which is not studied in micro economics |
A. Theory of consumer behavior
B. Price theory
C. Theory of money
D. Theory of distribution of wealth
|
| 8 | This paper notes which can be converted into gold, silver or foreign exchange are called |
A. Standard money
B. Unlimited legal tender money
C. Convertible paper money
D. Inconvertible paper money
|
| 9 | Private individuals are not allowed to fullfil their needs |
A. To get loans from the friends
B. To get financial help from the relatives
C. To get loans from the domestic financial institutions
D. To print notes
|
| 10 | Human wants are: |
A. Limited
B. Unlimited
C. Re-appear
D. Both (b) 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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