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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
Which statement is true?
Question # 2
Which laws are implemented with an executive authority .
Question # 3
Scarcity means
Question # 4
Wealth of nations
Question # 5
Which laws are always subjected to certain conditions.
Question # 6
Who was the founder of classical school of thought?
Question # 7
Wealth of Nations was written in
Question # 8
Scarcity exists
Question # 9
normative economics
Question # 10
Who was the exponent of welfare economics.
Question # 11
Which statement relates to macroeconomics
Question # 12
All non materials products which can satisfy human wants are called.
Question # 13
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 14
Which type of problems are brought under discussion in micro economics .
Question # 15
A positive statement
Question # 16
He described economics as a science of material welfare
Question # 17
Who said that "Economics is a science of human welfare"
Question # 18
Economics theory means
Question # 19
Select the correct statement
Question # 20
Wants are unlimited for:
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 -
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 -
A Atiya Zahid 14 - Dec - 2024 02 Min 38 Sec 14/20
ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Everyone should study economics is a |
A. positive statement
B. normative statement
C. true statement
D. nonsense
|
| 2 | One or more persons living together and having a common budget is called |
A. union
B. organisation
C. household
D. house members
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| 3 | Which laws are always subjected to certain conditions. |
A. Social
B. Political
C. Moral
D. Economic
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| 4 | All non materials products which can satisfy human wants are called. |
A. Economic goods
B. Services
C. Non-economics goods
D. Services
|
| 5 | Economic principle are also called |
A. economic law
B. economic theory
C. economic model
D. all of the above
|
| 6 | In economics, assumptions |
A. make economics theory useless
B. mean other things equal
C. enable economics to simplify reality
D. used in micro and not in macroeconomics
|
| 7 | He described economics as a science of material welfare |
A. Robbins
B. Marshall
C. Ricardo
D. Keyness
|
| 8 | Which laws are implemented with an executive authority . |
A. Economic laws
B. Moral laws
C. State laws
D. Physical laws
|
| 9 | 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
|
| 10 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
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.