11th class Economics chapter 1 online mcq test with answers for ICS part 1 Economics chapter 1 (Nature and Scope)

This online test contains MCQs about following topics:

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

ICS Part 1 Economics Chapter 1 Test

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ICS Part 1 Economics Chapter Wise Test

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Qazi Mohid 09 - Jun - 2026 06 Min 25 Sec 15/20

ICS Part 1 Economics Chapter 1 Important MCQ's

Sr.#	Question	Answer
1	Who criticized economics as "dismal Science".	A. Alfred Marshall B. Lionel Robbins C. Carlyle and Ruskin D. J.M. Keynes.
2	Which type of problems are brought under discussion in micro economics .	A. Consumer's behaviour B. International trade C. Balance of payment D. Public finance
3	Macro economics deals with	A. how to buy groceries B. aggregate economics activity C. establishment of a new firm D. industrial activity
4	All non materials products which can satisfy human wants are called.	A. Economic goods B. Services C. Non-economics goods D. Services
5	Wants are unlimited for:	A. Poor person B. Rich person C. All persons D. None of them
6	Economics	A. is more important than mathematics B. is a social science C. should be made compulsory for every student D. is difficult to study
7	Scope of economics is defined as:	A. Individual and aggregate economic behaviour of the people. B. Subject matter of economics. C. Welfare Economics. D. All of the abpove
8	Wealth of Nations was written by	A. Adam Smith B. Malthus C. Marshall D. Newton
9	One of the following is not a part of macro economics.	A. Public finance B. International trade. C. Consumer behaviour. D. National income.
10	Which laws are implemented with an executive authority .	A. Economic laws B. Moral laws C. State laws D. Physical laws

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

ICS Part 1 Economics Chapter 1 Test

ICS Part 1 Economics Chapter Wise Test

MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"

Economics Ics Part 1 English Medium Chapter 1 Online Test

Economic problems arises because of.

One or more persons living together and having a common budget is called

Wealth of Nations was written by

Wants are unlimited for:

All the products which are priced in the market are.

Wealth of nations

Who said that "Economics is a science of human welfare"

Adam smith was a

Prof. Marshall thinks

Macro economics deals with

Wealth of Nations was written in

Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.

Which statement relates to macroeconomics

In economics, assumptions

normative economics

Marshall wrote the book

Robbins in his definition

Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.

In which year Alfred Marshall wrote a book entitled "Principle of economics"

Who criticized economics as "dismal Science".

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ICS Part 1 Economics Chapter 1 MCQs Test

Top Scorers Of Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test" MCQ`s Test

ICS Part 1 Economics Chapter 1 Important MCQ's

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