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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
Who criticized economics as "dismal Science".
Question # 2
According to Alfred Marshall, Economics should be taken as:
Question # 3
One of the following is not studied in Micro economics.
Question # 4
Which type of problems are brought under discussion in micro economics .
Question # 5
Who was the founder of classical school of thought?
Question # 6
One of the following is not a characteristics of economic laws.
Question # 7
Economic problems arises because of.
Question # 8
Which laws are implemented with an executive authority .
Question # 9
Which statement relates to macroeconomics
Question # 10
One of the following is not a part of macro economics.
Question # 11
All the products which are priced in the market are.
Question # 12
The basic economic problem to all societies is
Question # 13
Economics problems arise because of
Question # 14
Wealth of Nations was written in
Question # 15
Economics is a science which studies.
Question # 16
Economics laws
Question # 17
Economics is a science
Question # 18
Robbins definition of economics spell out the existence of
Question # 19
Robbins in his definition
Question # 20
The products which are not priced in the market are called .
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 | Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
A. 1776
B. 1998
C. 1931
D. 1936
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| 2 | Three basic economics problems are |
A. what, how and for whom
B. why, where and when
C. what, which and how much
D. what, which and why
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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
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| 4 | Scarcity exists |
A. in only poor countries
B. in a country that uses resources inefficiently
C. in all countries of the world
D. when society produces unimportant goods
|
| 5 | Which laws are always subjected to certain conditions. |
A. Social
B. Political
C. Moral
D. Economic
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| 6 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
|
| 7 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
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| 8 | 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
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| 9 | Who was the exponent of macro economics in recent times. |
A. Adam Smith
B. J.M. Keynes
C. Marshall
D. Maithus
|
| 10 | Wealth of Nations was written by |
A. Adam Smith
B. Malthus
C. Marshall
D. Newton
|
Test Questions
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Afzal Rehmani
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28 Apr 2017Good
Mir Abdulrehman
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