Question # 1

A product which has value price in the market has.

Choose an answer

Utility

Scarcity

Transferability

All the three

Which one of the following is a functional equation of demand:

Choose an answer

Q - 20 + 2P = 0

Q - 3 - 3P = 0

Q + -2P = 0

None of the three

How many various forms of capital

Choose an answer

7

8

9

10

Marshall wrote the book

Choose an answer

Introduction to economics

Principles of economics

Classical economics

Micro economics theory

To the economist, investment refers to

Choose an answer

sale of real estate

creation of new capital

purchase of a prize bond

decrease in inventories

One of the following is not an exception to the law of diminishing marginal utility .

Choose an answer

Money

Knowledge

Music

Non of them

All the following are U-shape except

Choose an answer

AVC

AFC

AC

MC

The value of a product depends upon.

Choose an answer

The number of dollars

The numbers of dollars which can be given in exchange for it

The current exchange rate.

None of them

Which is NOT a cause of slow capital formation in Pakistan

Choose an answer

poverty

illiteracy

bad governance

low rate of taxes

Productivity of land can be raised by

Choose an answer

decreasing farm size

intensive cultivation

better marketing

increasing money supply

The number of goods and services which one unit of a product can command in exchange for it is its.

Choose an answer

Value of money

Value in exchange

Price

Utility

Some economists say that profit earner is a kind of

Choose an answer

rent receiver

interest receiver

wage earner

govt. officer

It describes the law of supply

Choose an answer

supply curve

supply schedule

supply equation

all the three

When total product falls, marginal product is.

Choose an answer

Zero

Positive

Negative

Falling

A factory is an example of

Choose an answer

capital

natural resources

entrepreneurship

none of the above

Who was the exponent of macro economics in recent times.

Choose an answer

Adam Smith

J.M. Keynes

Marshall

Maithus

The necessary condition for equilibrium of firm is

Choose an answer

AVC = AFC

AR = MR

MC = MR

TVC = TFC

How many types of organization

Choose an answer

5

6

7

8

Indifference curves are convex to the origin because

Choose an answer

two goods are perfect substitutes

two goods are imperfect substitutes

two goods are perfect complementary goods

goods area jointly demanded

A consumer's spending is restricted because of

Choose an answer

marginal utility

budget constraint

demand curve

unlimited wants

When the classify data on the basis of income there will be

Choose an answer

class intervals

class numbers

groups

sections

More Classes

Other Links

Economics Ics Part 1 English Medium Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer