ICS Part 1 Economics English Medium Chapter 1 Online Short Questions Test with Answers

Online Short Questions For Chapter 1 "ICS Part 1 Economics English Medium Chapter 1 Short Questions Test "

Try The Short Questions For ICS Part 1 Economics English Medium Chapter 1 Short Questions Test

  • Total Questions10

  • Available Sets4

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Economics - ICS Part 1 Economics English Medium Chapter 1 Short Questions Test

Question # 1

Define Economics as science of wealth.

  • Ans 1: Adam smith is the pioneer of classical economics. By classical economics we mean the group oof earlier economist Which include adam simth and his floowers of 19th centrue Admai Smith considred that Economics is a scienc eof welth
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Prepare Complete Set Wise Questions For Chapter 1 "ICS Part 1 Economics English Medium Chapter 1 Short Questions Test "

ICS Part 1 Economics English Medium Chapter 1 Short Questions Test - Set 1

Question # 1

Define Economics as science of wealth.

  • Ans 1: Adam smith is the pioneer of classical economics. By classical economics we mean the group oof earlier economist Which include adam simth and his floowers of 19th centrue Admai Smith considred that Economics is a scienc eof welth
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ICS Part 1 Economics English Medium Chapter 1 Short Questions Test - Set 2

Question # 1

Define Economicsa as Science and Art.

  • Ans 1: Science means a systematic body of knowledge accoriding to this definece economics is science. Economists use the scienteific method as used by sciences like physics and chemistry.
  • Ans 2: Economics as an Art Art is the applied side of a subject. Modern economists agree that it has art side too economcis revolves roudn the problem of scarcity.
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ICS Part 1 Economics English Medium Chapter 1 Short Questions Test - Set 3

Question # 1

Define Utlity is relative term

  • Ans 1: Utility is a realative term beacuse it change according to circumstance Utility of a good is different when time and place of use change.
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ICS Part 1 Economics English Medium Chapter 1 Short Questions Test - Set 4

Question # 1

Define Metits.

  • Ans 1: Robbins completely changed the line of thingking about economcis. His defiintion is superior to earlier ones on many points.
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Economics
1st Chapter

ICS Part 1 Economics Short Questions Test

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