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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
MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Marshall is his definition of economics
Question # 2
All materials goods which can satisfy humans wants are called.
Question # 3
Three basic economics problems are
Question # 4
Which laws are implemented with an executive authority .
Question # 5
Who was the exponent of macro economics in recent times.
Question # 6
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 7
Which one is not doing an economic activity.
Question # 8
Which one is the non-economic activity.
Question # 9
Economics laws are:
Question # 10
Who criticized economics as "dismal Science".
Question # 11
According to Alfred Marshall, Economics should be taken as:
Question # 12
Economics laws
Question # 13
All the products which are priced in the market are.
Question # 14
Adam smith was a
Question # 15
Economic laws can be define as .
Question # 16
Economic principle are also called
Question # 17
Father of the political economy
Question # 18
Wants are unlimited for:
Question # 19
Wealth of Nations was written in
Question # 20
A positive statement
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
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S Sikander Mughal 17 - Nov - 2024 04 Min 37 Sec 20/20 -
L Laiba Muqaddas 25 - Jul - 2024 04 Min 48 Sec 20/20 -
Z Zafar Ali 22 - May - 2024 00 Min 10 Sec 19/20 -
A Ali Jutt 31 - May - 2024 05 Min 02 Sec 18/20 -
S Salman Malik 24 - Jul - 2024 04 Min 12 Sec 17/20 -
E Eman 19 - Jul - 2024 02 Min 36 Sec 16/20 -
A Abdullah Safdar 23 - Jun - 2026 02 Min 44 Sec 16/20 -
N Najma Yaqoob 09 - Jan - 2025 03 Min 40 Sec 16/20 -
M Mohammad Akhlaq 17 - Oct - 2024 03 Min 58 Sec 16/20 -
K King Anas 21 - May - 2024 09 Min 29 Sec 16/20 -
A Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20 -
F Faiqa Shahid 20 - Jul - 2024 03 Min 24 Sec 15/20 -
R rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20 -
A Aiman Sadaqet 30 - Apr - 2026 04 Min 32 Sec 15/20 -
Q Qazi Mohid 09 - Jun - 2026 06 Min 25 Sec 15/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which statement relates to macroeconomics |
A. Oil prices are rising in Pakistan
B. Profit rate is high in textile industry
C. The firms try to make huge profits
D. The government had failed to control inflation
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| 2 | Economics theory means |
A. economic policy
B. economic principles
C. descriptive economics
D. economics facts
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| 3 | Which one is not doing an economic activity. |
A. One who is offering prayers.
B. One who works for wage.
C. One who rents out his property .
D. One who is an employee of Government
|
| 4 | Wants are unlimited for: |
A. Poor person
B. Rich person
C. All persons
D. None of them
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| 5 | Robbins in his definition |
A. talks of scarcity of resources
B. preached moral values
C. supports Adam smith view
D. none of the above
|
| 6 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
|
| 7 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 8 | Economics laws |
A. must be followed
B. are hated by people
C. show economic behavior of people
D. are unscientific
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| 9 | Economics problems arise because of |
A. greed
B. scarcity
C. dishonesty
D. laziness
|
| 10 | Economic problems arises because of. |
A. Unlimited wants.
B. Scarcity of resources.
C. Alternative use of resources.
D. All of the above
|
Test Questions
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Afzal Rehmani
02 Apr 2024How to make selected ch mcqz test
jarrar
01 Jul 2018omda web
Hammad gujjar
28 Apr 2017Good
Mir Abdulrehman
27 Feb 2016Nice web.