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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Najma Yaqoob 09 - Jan - 2025 03 Min 40 Sec 16/20
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Mohammad Akhlaq 17 - Oct - 2024 03 Min 58 Sec 16/20
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King Anas 21 - May - 2024 09 Min 29 Sec 16/20
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Hassan Raza 14 - May - 2024 02 Min 02 Sec 15/20
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Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20
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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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Atiya Zahid 14 - Dec - 2024 02 Min 38 Sec 14/20

ICS Part 1 Economics Chapter 1 Important MCQ's

Sr.#	Question	Answer
1	The products which are not priced in the market are called .	A. Economic goods B. Non-economic goods C. Merit goods D. Social goods
2	Market system means	A. Socialism B. Capitalism C. a place where goods are traded D. all of the above
3	Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.	A. 1776 B. 1998 C. 1931 D. 1936
4	All materials goods which can satisfy humans wants are called.	A. Non economic goods B. Economic goods C. Capital goods D. Services
5	Economics laws	A. must be followed B. are hated by people C. show economic behavior of people D. are unscientific
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	All the products which are priced in the market are.	A. Non economic products B. Economic products C. Private products D. Public products
8	Which one is the non-economic activity.	A. Service of a doctor B. Morning walk C. Service of teacher D. Service of an advocate
9	Wealth of Nations was written by	A. Adam Smith B. Malthus C. Marshall D. Newton
10	Wants are unlimited for:	A. Poor person B. Rich person C. All persons D. None of them

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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

According to Alfred Marshall, Economics should be taken as:

Who was the exponent of macro economics in recent times.

Macro economics deals with

Economics

All non materials products which can satisfy human wants are called.

One of the following is not studied in Micro economics.

Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.

A positive statement

Who criticized economics as "dismal Science".

Marshall wrote the book

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

He described economics as a science of material welfare

Economic problems arises because of.

One of the following is not a characteristics of economic laws.

Economic laws can be define as .

Wealth of Nations was written in

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

In economics, assumptions

All the products which are priced in the market are.

Basic economic problem is

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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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