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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Eman 19 - Jul - 2024 02 Min 36 Sec 16/20
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King Anas 21 - May - 2024 09 Min 29 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
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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	Economics	A. is more important than mathematics B. is a social science C. should be made compulsory for every student D. is difficult to study
2	Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.	A. 1784 B. 1792 C. 1776 D. 1796
3	Which laws are always subjected to certain conditions.	A. Social B. Political C. Moral D. Economic
4	All materials goods which can satisfy humans wants are called.	A. Non economic goods B. Economic goods C. Capital goods D. Services
5	Robbins in his definition	A. talks of scarcity of resources B. preached moral values C. supports Adam smith view D. none of the above
6	Scarcity means	A. non availability of goods B. high price of goods C. less supply than demand D. high profit of the firms
7	Wealth of Nations was written by	A. Adam Smith B. Malthus C. Marshall D. Newton
8	Father of the political economy	A. Adam smith B. Malthus C. Marshall D. Samuelson
9	The basic economic problem to all societies is	A. elimination of scarcity B. what how and for whom to produce C. equal distribution of wealth D. to develop agriculture
10	Economics theory means	A. economic policy B. economic principles C. descriptive economics D. economics facts

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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

The basic economic problem to all societies is

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

Which laws are always subjected to certain conditions.

All materials goods which can satisfy humans wants are called.

normative economics

Everyone should study economics is a

Marshall is his definition of economics

Wealth of Nations was written by

One or more persons living together and having a common budget is called

Prof. Robins wrote a book in 1931 entitled.

A positive statement

Wants are unlimited for:

In economics, assumptions

Wealth of nations

Wealth of Nations was written in

Robbins definition of economics spell out the existence of

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

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

Scarcity exists

Macro economics deals with

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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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