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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
Economic problems arises because of.
Question # 2
Micro economics concentrates
Question # 3
Who was the founder of classical school of thought?
Question # 4
Economics laws are:
Question # 5
Everyone should study economics is a
Question # 6
Economics laws are
Question # 7
Three basic economics problems are
Question # 8
Economics problems arise because of
Question # 9
One of the following is not studied in Micro economics.
Question # 10
Scarcity exists
Question # 11
Wealth of Nations was written in
Question # 12
Wealth of nations
Question # 13
Adam smith was a
Question # 14
Basic economic problem is
Question # 15
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 16
Who criticized economics as "dismal Science".
Question # 17
Select the correct statement
Question # 18
One of the following is not a characteristics of economic laws.
Question # 19
Economics
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 -
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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 | All the products which are priced in the market are. |
A. Non economic products
B. Economic products
C. Private products
D. Public products
|
| 2 | Father of the political economy |
A. Adam smith
B. Malthus
C. Marshall
D. Samuelson
|
| 3 | Wealth of Nations was written by |
A. Adam Smith
B. Malthus
C. Marshall
D. Newton
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| 4 | In which year Alfred Marshall wrote a book entitled "Principle of economics" |
A. 1850
B. 190
C. 1870
D. 1890
|
| 5 | Who said that "Economics is a science of human welfare" |
A. Adam Smith
B. Carlyle and Ruskin
C. Alfred Marshall
D. Malthus
|
| 6 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
| 7 | Which one is the non-economic activity. |
A. Service of a doctor
B. Morning walk
C. Service of teacher
D. Service of an advocate
|
| 8 | One or more persons living together and having a common budget is called |
A. union
B. organisation
C. household
D. house members
|
| 9 | Economic problems arises because of. |
A. Unlimited wants.
B. Scarcity of resources.
C. Alternative use of resources.
D. All of the above
|
| 10 | Prof. Robins wrote a book in 1931 entitled. |
A. General Theory of employment. Interest and money.
B. An inquiry into the nature and causes of wealth of nations.
C. Principle of economics.
D. Nature and Significance of economic science.
|
Test Questions
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Afzal Rehmani
02 Apr 2024How to make selected ch mcqz test
jarrar
01 Jul 2018omda web
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28 Apr 2017Good
Mir Abdulrehman
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