ICS Part 1 Economics Chapter 5 MCQs Test

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First Year Economics Chapter 5 Online MCQ Test for 1st Year Economics Chapter 5 (Supply)

This online test contains MCQs about following topics:

Economics Ics Part 1 English Medium Chapter 5 Online Test

Try the Economics Ics Part 1 English Medium Chapter 5 Online Test.

  • Total Questions20

  • Time Allowed30

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Supply Vs Stock,law of Supply ,Changes in Supply,Elasticity of Supply

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 5 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 It describes the law of supply supply curve supply schedule supply equation all the three
2 With a fall in the price of a Giffen good or inferior good its quantity demand will. Fall Rise Remain unchanged None of three
3 The elasticity f demand in case of substitute is called. Income elasticity of demand Priceelasticity of demand Crosselasticity of demand None of the three
4 If the price of a product increase from Rs. 12 per unit and as a consequence quantity demand of the product falls from 100 units to 50 units . The price elasticity of the product will be. 2.5 0.5 1.5 3.5
5 The quantities of a commodity offered for sale at different prices during a given period of time are called Supply Demand Stock None of these
6 The price of a product double due to which its quantity demand falls to one half. The elasticity of demand for product will be: Equal to unity Lass than unity Greater than unity Equal to zero
7 The composite demand for a product is generally: Elastic Inelastic Equal to unity Equal to zero
8 Other things remaining the same, quantity supplied of a commodity increases with rise in price and decreases with fall in price are called Law of Supply Law of Demand Law of equilibrium None of these
9 Supply curve will shift when price falls price rises demand shifts technology changes
10 The method to measure the elasticity of demand is : Percentage method Total outlay approach Geometric approch All the three