Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test With Answers

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Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test

Sr. # Questions Answers Choice
1 Supply curve slope is: Positive Vertical Negative Horizontal
2 Quantity of a commodity which is offered for sale in a market is called: Trade Supply Demand Stock
3 Which factor is oldest and basic factor of production Land Labour Capital Organization
4 Which factor has no pre-determined reward Land Labour Capital Organization
5 All the factors of production can be hired except Land Labour Capital Organization
6 The factor of production which is used to produce more wealth or increase income is called Land Labour Capital Organization
7 Immortal factor production is Land Labour Capital Organization
8 In economics, every mental or physical struggle undertaken for reward, is called Land Labour Capital Organization
9 As factor of production, river and sea are called Land Labour Capital Organization
10 Cannot be separated from labourer Land Labour Capital Organization
11 Which factor can not be stored Land Labour Capital Organization
12 The factor which is needed to produce goods by the combination of land, labour and capital is called Land Labour Capital Organization
13 Mental or physical work undertaken for reward by human being is called Land Labour Capital Organization
14 Free gift of nature is Land Labour Capital Organization
15 River, sea, forests, rain are called Land Labour Capital Organization
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