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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
Robbins definition of economics spell out the existence of
Question # 2
Economics laws
Question # 3
Scarcity means
Question # 4
normative economics
Question # 5
Three basic economics problems are
Question # 6
Marshall wrote the book
Question # 7
All materials goods which can satisfy humans wants are called.
Question # 8
Scope of economics is defined as:
Question # 9
Who said that "Economics is a science of human welfare"
Question # 10
Which one is the non-economic activity.
Question # 11
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 12
Basic economic problem is
Question # 13
Marshall is his definition of economics
Question # 14
He described economics as a science of material welfare
Question # 15
Economics problems arise because of
Question # 16
One of the following is not a characteristics of economic laws.
Question # 17
Prof. Marshall thinks
Question # 18
Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.
Question # 19
Scarcity of goods means
Question # 20
Macro economics deals with
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 -
S Salman Malik 24 - Jul - 2024 04 Min 12 Sec 17/20 -
E Eman 19 - Jul - 2024 02 Min 36 Sec 16/20 -
A Abdullah Safdar 23 - Jun - 2026 02 Min 44 Sec 16/20 -
N Najma Yaqoob 09 - Jan - 2025 03 Min 40 Sec 16/20 -
M Mohammad Akhlaq 17 - Oct - 2024 03 Min 58 Sec 16/20 -
K King Anas 21 - May - 2024 09 Min 29 Sec 16/20 -
A Ainan ali 24 - Jul - 2024 02 Min 45 Sec 15/20 -
F Faiqa Shahid 20 - Jul - 2024 03 Min 24 Sec 15/20 -
R rehman khalid 30 - Jun - 2024 04 Min 02 Sec 15/20 -
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 | 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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| 2 | Economics laws are |
A. exact
B. approximate
C. brief
D. definite
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| 3 | Marshall wrote the book |
A. Classical economics
B. Introduction to economics
C. Micro economics theory
D. Principles of economics
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| 4 | Who was the exponent of welfare economics. |
A. Alfred Marshall.
B. Adam smith.
C. Lionel Robbins
D. J.M. Keynes.
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| 5 | Macro economics deals with |
A. how to buy groceries
B. aggregate economics activity
C. establishment of a new firm
D. industrial activity
|
| 6 | Wealth of Nations was written by |
A. Adam Smith
B. Malthus
C. Marshall
D. Newton
|
| 7 | In economics, assumptions |
A. make economics theory useless
B. mean other things equal
C. enable economics to simplify reality
D. used in micro and not in macroeconomics
|
| 8 | Wants are unlimited for: |
A. Poor person
B. Rich person
C. All persons
D. None of them
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| 9 | All non materials products which can satisfy human wants are called. |
A. Economic goods
B. Services
C. Non-economics goods
D. Services
|
| 10 | Economic laws can be define as . |
A. A statement of social behaviour
B. Laws implement by an executive
C. Laws of the state
D. Statement of general economic tendencies
|
Test Questions
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Afzal Rehmani
02 Apr 2024How to make selected ch mcqz test
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Mir Abdulrehman
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