I.Com Part 1 Principles of Economics Chapter 1 Definition of Economics Short Question Preparation


11th Class Principles of Economics
Chapter 1 Definition of Economics Preparation

Start Chapter 1 Test

11th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 1 "ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation "

Try The Short Questions For ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation

  • Total Questions10

  • Available Sets4

Start Test Download PDF

Principles of Economics ( English Medium) - ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation

Question # 1

Write down any five practical importance of the study of economics.

  • Ans 1: 1. Solution of economic problems.
    2. Guidance for consumers.
    3. Helpful for producers.
    4. Guidance for businessman to trade.
    5. Importance for finance minister.
Submit

Prepare Complete Set Wise Questions For Chapter 1 "ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation "

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 1

Question # 1

Write down any five practical importance of the study of economics.

  • Ans 1: 1. Solution of economic problems.
    2. Guidance for consumers.
    3. Helpful for producers.
    4. Guidance for businessman to trade.
    5. Importance for finance minister.
Submit

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 2

Question # 1

What is exchange of wealth ?

  • Ans 1: When wealth passes from one person to another person or it transfers from one country to another country, is known as exchange of wealth.
Submit

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 3

Question # 1

What is normative Science ?

  • Ans 1: Facts are observed, analyzed and stated with personal opinions and advices. Subject of social sciences like Psychology, Philosophy and education are the examples of normative science.
Submit

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 4

Question # 1

Define Organization.

  • Ans 1: Organization is a person or group of persons, who combines the other three factors land, labour, capital and produce goods and services.
Submit

ic

11th Class Principles of Economics Chapter 1 Preparation