ICS Part 1 Economics Chapter 1 MCQs Test

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First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

This online test contains MCQs about following topics:

Economics Ics Part 1 English Medium Chapter 1 Online Test

Try the Economics Ics Part 1 English Medium Chapter 1 Online Test.

  • Total Questions20

  • Time Allowed30

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Human Wants,Utility,Scarcity,Defination By Adam Smith,Marshall and Robbins,Modern View of Economics ,Comparison of Defination , Methods of Economics ,Economics Theory, Economic Principle ,Policy Economics , Micro Vs Macroeconomics ,Economics Laws Deductive and Inductive Methods

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Economics Ics Part 1 English Medium Online Test 662 Download PDF MCQ Answers Launch Test
1 Economics Ics Part 1 English Medium Chapter 1 Online Test 66 Download PDF MCQ Answers Launch Test
2 Economics Ics Part 1 English Medium Chapter 2 Online Test 37 Download PDF MCQ Answers Launch Test
3 Economics Ics Part 1 English Medium Chapter 3 Online Test 38 Download PDF MCQ Answers Launch Test
4 Economics Ics Part 1 English Medium Chapter 4 Online Test 46 Download PDF MCQ Answers Launch Test
5 Economics Ics Part 1 English Medium Chapter 5 Online Test 41 Download PDF MCQ Answers Launch Test
6 Economics Ics Part 1 English Medium Chapter 6 Online Test 32 Download PDF MCQ Answers Launch Test
7 Economics Ics Part 1 English Medium Chapter 7 Online Test 36 Download PDF MCQ Answers Launch Test
8 Economics Ics Part 1 English Medium Chapter 8 Online Test 31 Download PDF MCQ Answers Launch Test
9 Economics Ics Part 1 English Medium Chapter 9 Online Test 24 Download PDF MCQ Answers Launch Test
10 Economics Ics Part 1 English Medium Chapter 10 Online Test 51 Download PDF MCQ Answers Launch Test
11 Economics Ics Part 1 English Medium Chapter 11 Online Test 40 Download PDF MCQ Answers Launch Test
12 Economics Ics Part 1 English Medium Chapter 12 Online Test 39 Download PDF MCQ Answers Launch Test

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Economics Ics Part 1 English Medium Chapter 1 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 One of the following is not a characteristics of economic laws. Economic laws lack exactitude Economic laws lack predictability They are not universa! They are not optional
2 The basic economic problem to all societies is elimination of scarcity what how and for whom to produce equal distribution of wealth to develop agriculture
3 Economics laws are: Statements of tendencies in economic behaviour Unrealistic to deal with real economic problems. Absolute and certain like the laws of physical science Used to forecast the growth rate of an economy.
4 Economics laws are exact approximate brief definite
5 Wealth of nations is another name for united nations is name of a book indicates total wealth of rich countries contains formulas to earn wealth
6 Economics theory means economic policy economic principles descriptive economics economics facts
7 Market system means Socialism Capitalism a place where goods are traded all of the above
8 All non materials products which can satisfy human wants are called. Economic goods Services Non-economics goods Services
9 Which of the following is the subject matter of Economics. Optimum use of limited resources for the satisfaction of unlimited human wants. Economic problems of the developing countries. Labour problems. Balance of payment problems.
10 Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in. 1784 1792 1776 1796
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