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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
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 2
All materials goods which can satisfy humans wants are called.
Question # 3
Which laws are implemented with an executive authority .
Question # 4
A positive statement
Question # 5
Ceteris paribus means
Question # 6
The products which are not priced in the market are called .
Question # 7
Economic laws can be define as .
Question # 8
One or more persons living together and having a common budget is called
Question # 9
Economics theory means
Question # 10
One of the following is not a characteristics of economic laws.
Question # 11
Wealth of Nations was written in
Question # 12
Which type of problems are brought under discussion in micro economics .
Question # 13
Economics problems arise because of
Question # 14
Marshall wrote the book
Question # 15
Which statement relates to macroeconomics
Question # 16
Economics is a science
Question # 17
Which of the following is the subject matter of Economics.
Question # 18
Scarcity means
Question # 19
Father of the political economy
Question # 20
Who said that "Economics is a science of human welfare"
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 -
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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 | Scarcity of goods means |
A. non availability of goods
B. high price of goods
C. People don't want to get such goods
D. the good is available but it is not free
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| 2 | Macro economics deals with |
A. how to buy groceries
B. aggregate economics activity
C. establishment of a new firm
D. industrial activity
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| 3 | 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
|
| 4 | Economics is a science |
A. Spiritual
B. Social
C. dismal
D. moral
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| 5 | Micro economics concentrates |
A. on inflation
B. international economics relations
C. individual economics units
D. economics development of Pakistan
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| 6 | 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
|
| 7 | Who criticized economics as "dismal Science". |
A. Alfred Marshall
B. Lionel Robbins
C. Carlyle and Ruskin
D. J.M. Keynes.
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| 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
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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
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| 10 | Select the correct statement |
A. Economics affects politics
B. Economics affects history
C. Geography affects economics
D. all of the above are true
|
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.