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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Ali Jutt 31 - May - 2024 05 Min 02 Sec 18/20
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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	Scarcity means	A. non availability of goods B. high price of goods C. less supply than demand D. high profit of the firms
2	Which type of problems are brought under discussion in micro economics .	A. Consumer's behaviour B. International trade C. Balance of payment D. Public finance
3	Prof. Marshall thinks	A. Economics studies national welfare B. Economics studies personal welfare C. Economics studies total welfare D. Economics studies material welfare
4	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
5	All materials goods which can satisfy humans wants are called.	A. Non economic goods B. Economic goods C. Capital goods D. Services
6	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
7	Basic economic problem is	A. inflation B. unemployment C. scarcity D. lack of money
8	Who criticized economics as "dismal Science".	A. Alfred Marshall B. Lionel Robbins C. Carlyle and Ruskin D. J.M. Keynes.
9	Which one is not doing an economic activity.	A. One who is offering prayers. B. One who works for wage. C. One who rents out his property . D. One who is an employee of Government
10	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

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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

Wealth of Nations was written in

normative economics

Adam smith was a

Economic principle are also called

The basic economic problem to all societies is

In economics, assumptions

Economics theory means

Economics is a science which studies.

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

Economics laws are

According to Alfred Marshall, Economics should be taken as:

Three basic economics problems are

Select the correct statement

Macro economics deals with

Scarcity of goods means

Market system means

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

Economic laws can be define as .

Economics problems arise because of

Scope of economics is defined as:

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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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