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	Validity of economics theories can never be proved with 100 percent certainty, because	A. ceteris paribus clause B. limited number of observation is possible C. very large number of economic theories proved false in the past D. b and c
2	All materials goods which can satisfy humans wants are called.	A. Non economic goods B. Economic goods C. Capital goods D. Services
3	Which laws are always subjected to certain conditions.	A. Social B. Political C. Moral D. Economic
4	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
5	Wants are unlimited for:	A. Poor person B. Rich person C. All persons D. None of them
6	Market system means	A. Socialism B. Capitalism C. a place where goods are traded D. all of the above
7	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
8	Ceteris paribus means	A. other things equal B. all variable are independent C. all relationships are inverse D. that no other assumptions are made
9	According to Alfred Marshall, Economics should be taken as:	A. Positive economics B. Normative economics C. Welfare economics D. Applied economics
10	One of the following is not studied in Micro economics.	A. Equilibrium to the firm B. Distribution of rewards to factors of productions C. Banking system D. Market equilibrium

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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

Economics

Who was the founder of classical school of thought?

In which year Alfred Marshall wrote a book entitled "Principle of economics"

Economic principle are also called

Wealth of Nations was written in

Select the correct statement

Economics is a science which studies.

Which one is the non-economic activity.

Prof. Robins wrote a book in 1931 entitled.

Basic economic problem is

Micro economics concentrates

Economics laws are:

Marshall wrote the book

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

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

Which of the following is the subject matter of Economics.

Which laws are always subjected to certain conditions.

Economics theory means

Scarcity means

Scarcity of goods means

Prepare Complete Set Wise Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers

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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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