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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
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Question # 1
Ceteris paribus means
Question # 2
Robbins definition of economics spell out the existence of
Question # 3
All non materials products which can satisfy human wants are called.
Question # 4
Who was the exponent of macro economics in recent times.
Question # 5
Economics
Question # 6
Prof. Marshall thinks
Question # 7
One of the following is not studied in Micro economics.
Question # 8
Economics laws are:
Question # 9
Micro economics concentrates
Question # 10
Economic problems arises because of.
Question # 11
Who said that "Economics is a science of human welfare"
Question # 12
Adam smith was a
Question # 13
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 14
Economics laws
Question # 15
According to Alfred Marshall, Economics should be taken as:
Question # 16
Which laws are implemented with an executive authority .
Question # 17
One or more persons living together and having a common budget is called
Question # 18
The basic economic problem to all societies is
Question # 19
In which year Alfred Marshall wrote a book entitled "Principle of economics"
Question # 20
Wealth of Nations was written by
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 | Wealth of Nations was written in |
A. 1976
B. 1876
C. 1776
D. 1676
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| 2 | Everyone should study economics is a |
A. positive statement
B. normative statement
C. true statement
D. nonsense
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| 3 | The products which are not priced in the market are called . |
A. Economic goods
B. Non-economic goods
C. Merit goods
D. Social goods
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| 4 | Scope of economics is defined as: |
A. Individual and aggregate economic behaviour of the people.
B. Subject matter of economics.
C. Welfare Economics.
D. All of the abpove
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| 5 | Market system means |
A. Socialism
B. Capitalism
C. a place where goods are traded
D. all of the above
|
| 6 | He described economics as a science of material welfare |
A. Robbins
B. Marshall
C. Ricardo
D. Keyness
|
| 7 | 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
|
| 8 | All non materials products which can satisfy human wants are called. |
A. Economic goods
B. Services
C. Non-economics goods
D. Services
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| 9 | 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
|
| 10 | Wealth of nations |
A. is another name for united nations
B. is name of a book
C. indicates total wealth of rich countries
D. contains formulas to earn wealth
|
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.