ICS Part 1 Economics Chapter 4 MCQs Test

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First Year Economics Chapter 4 Online MCQ Test for 1st Year Economics Chapter 4 (Demand)

This online test contains MCQs about following topics:

Economics Ics Part 1 English Medium Chapter 4 Online Test

Try the Economics Ics Part 1 English Medium Chapter 4 Online Test.

  • Total Questions20

  • Time Allowed30

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Demand, Law of demand,Shift in Demand Curve Rise and Fall of demand ,Elasticity of demand,Measurement of elasticity ,Point Elasticity ,Arc Elasticity ,Cross Elasticity,Practical Importance of Elasticity ,Income Elasticity,Cross Elasticity,Practical Importance of Elasticity, Functional Equationof Demand

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Economics Ics Part 1 English Medium Online Test 662 Download PDF MCQ Answers Launch Test
1 Economics Ics Part 1 English Medium Chapter 1 Online Test 66 Download PDF MCQ Answers Launch Test
2 Economics Ics Part 1 English Medium Chapter 2 Online Test 37 Download PDF MCQ Answers Launch Test
3 Economics Ics Part 1 English Medium Chapter 3 Online Test 38 Download PDF MCQ Answers Launch Test
4 Economics Ics Part 1 English Medium Chapter 4 Online Test 46 Download PDF MCQ Answers Launch Test
5 Economics Ics Part 1 English Medium Chapter 5 Online Test 41 Download PDF MCQ Answers Launch Test
6 Economics Ics Part 1 English Medium Chapter 6 Online Test 32 Download PDF MCQ Answers Launch Test
7 Economics Ics Part 1 English Medium Chapter 7 Online Test 36 Download PDF MCQ Answers Launch Test
8 Economics Ics Part 1 English Medium Chapter 8 Online Test 31 Download PDF MCQ Answers Launch Test
9 Economics Ics Part 1 English Medium Chapter 9 Online Test 24 Download PDF MCQ Answers Launch Test
10 Economics Ics Part 1 English Medium Chapter 10 Online Test 51 Download PDF MCQ Answers Launch Test
11 Economics Ics Part 1 English Medium Chapter 11 Online Test 40 Download PDF MCQ Answers Launch Test
12 Economics Ics Part 1 English Medium Chapter 12 Online Test 39 Download PDF MCQ Answers Launch Test

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Economics Ics Part 1 English Medium Chapter 4 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 The demand of a commodity having many substitutes is more elastic less elastic zero elastic infinite elastic
2 If demand has unit price elasticity, a change in price causes increase in total revenue decrease in total revenue no change in total revenue indeterminate
3 Which one is the assumption of law of demand? price of the commodity should not change quantity demand should not change income of the consumer should not change none of the above
4 A horizontal demand curve has a price elasticity of zero infinity 1 variable
5 Which of the following is a demand function? Q + 4P = 20 Q = 35 + 3P Q - 2P - 15 =0 5P - Q = 4
6 Law of demand shows relation between income and price of commodity price and quantity of a commodity income and quantity demanded quantity demanded and quantity supplied
7 Market demand curve is a summation of all individual demand curves as Vertical horizontal mathematical local
8 Normally a demand curve will have the shape horizontal vertical downward sloping upward sloping
9 Demand is a function of price quantity supply none
10 This is an assumption of law of demand price of the commodity does not change quantity should not change supply should not change income of consumer should not change