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

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

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Sikander Mughal 17 - Nov - 2024 04 Min 37 Sec 20/20
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Laiba Muqaddas 25 - Jul - 2024 04 Min 48 Sec 20/20
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Zafar Ali 22 - May - 2024 00 Min 10 Sec 19/20
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Salman Malik 24 - Jul - 2024 04 Min 12 Sec 17/20
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Eman 19 - Jul - 2024 02 Min 36 Sec 16/20
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Faiqa Shahid 20 - Jul - 2024 03 Min 24 Sec 15/20
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rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20
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Aiman Sadaqet 30 - Apr - 2026 04 Min 32 Sec 15/20
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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	normative economics	A. deals solely with the facts B. is never studied in colleges C. involves opinions and interpretations D. is clearly preferable to positive economics
2	Which statement is true?	A. Economics is a physical and normative science B. Economics is a social and natural science C. Economics is physical and positive science D. Economics is a social and normative science
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	Marshall is his definition of economics	A. uses the concept of material welfare B. dislikes wealth C. accuses Adam smith D. Praises Robbins
5	Market system means	A. Socialism B. Capitalism C. a place where goods are traded D. all of the above
6	Which one is the non-economic activity.	A. Service of a doctor B. Morning walk C. Service of teacher D. Service of an advocate
7	All materials goods which can satisfy humans wants are called.	A. Non economic goods B. Economic goods C. Capital goods D. Services
8	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
9	Economics theory means	A. economic policy B. economic principles C. descriptive economics D. economics facts
10	Economics laws	A. must be followed B. are hated by people C. show economic behavior of people D. are unscientific

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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

Validity of economics theories can never be proved with 100 percent certainty, because

One of the following is not a part of macro economics.

According to Alfred Marshall, Economics should be taken as:

Ceteris paribus means

Prof. Marshall thinks

Economic laws can be define as .

Which type of problems are brought under discussion in micro economics .

Basic economic problem is

Macro economics deals with

One of the following is not studied in Micro economics.

A positive statement

Marshall wrote the book

Which one is not doing an economic activity.

Which statement relates to macroeconomics

Wealth of Nations was written in

normative economics

Wealth of nations

Scope of economics is defined as:

Everyone should study economics is a

The products which are not priced in the market are called .

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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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