Top Scorers Of Chapter 5 "Economics Ics Part 1 English Medium Chapter 5 Online Test" MCQ`s Test
A
Anum Fatima19 - Jun - 2023
00 Min 15 Sec
20/20
L
Laiba Muqaddas26 - Jul - 2024
04 Min 11 Sec
18/20
R
romana 23 - Jun - 2021
08 Min 00 Sec
18/20
A
Ali Hassan10 - Sep - 2022
03 Min 38 Sec
17/20
H
hamza abid02 - Sep - 2021
10 Min 50 Sec
16/20
M
M Akram11 - Aug - 2021
04 Min 11 Sec
15/20
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zainab nouman18 - Apr - 2024
04 Min 46 Sec
15/20
H
Hanif Wazir30 - May - 2022
05 Min 29 Sec
15/20
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Naveera 02 - Jun - 2021
07 Min 28 Sec
15/20
S
Samar 26 - Jun - 2021
10 Min 14 Sec
15/20
T
Tazmeen Afaq08 - Aug - 2023
06 Min 42 Sec
14/20
Z
Zaina Ch10 - May - 2024
00 Min 10 Sec
12/20
D
Duaa 22 - Nov - 2021
03 Min 52 Sec
12/20
E
ekta 05 - Aug - 2021
04 Min 00 Sec
12/20
M
M.Attiq-U-Rehman 24 - Nov - 2023
04 Min 03 Sec
12/20
Sr. #
Question
Answer
1
The total quantity of a commodity available in or near the market which can be brought for sale at a short notice
A. Stock
B. Supply
C.Demand
D. None of these
2
Which of the following shifts supply curve of cars to the right
A. tax on new cars
B. increase in wages of workers
C.decrease in steel price
D. a successful promotion campaign by sellers
3
The price of a product double due to which its quantity demand falls to one half. The elasticity of demand for product will be:
A. Equal to unity
B. Lass than unity
C.Greater than unity
D. Equal to zero
4
Elasticity of a demand for product will be greater then unity if, with a fall in its price, total expenditure of consumer.
A. Increase
B. Falls
C.Remains the same
D. None of the three
5
An increases in demand would cause supply curve to
A. shift to the left
B. shift to the right
C.change in slope of supply curve
D. no effect on supply
6
If a change in demand is brought by a change in income, of demand will be.
A. Income elasticity
B. Price elasticity
C.Cross elasticity
D. Arcelasticity
7
Who present the Arc Elasticity formula for the measurement of elasticity of demand.
A. R.G.D Allen
B. Pareto
C.J.R. Hicks
D. Robbins
8
The composite demand for a product is generally:
A. Elastic
B. Inelastic
C.Equal to unity
D. Equal to zero
9
Supply of a commodity means
A. willingness to sell a certain quantity
B. physical stocks available
C.planned production
D. total production in a given period
10
The method to measure the elasticity of demand by the unitary method was introduced by.
A. Alfred Marshall
B. Robbins
C.Adam Smith
D. Malthus
11
With a fall in price quantity demand changes in such a way that total expenditure of the consumer remain constant, elasticity of demand will be.
A. Equal to unity
B. Greater than unity
C.Less than unity
D. Equal to zero
12
If a firm makes 200 units of a good available at a price of Rs. 10 per unit, the elasticity is
A. 0.05
B. 10
C.20
D. indeterminate
13
If elasticity of supply is one, supply curve will be
A. horizontal
B. vertical
C.passing through origin
D. touching x-axis
14
In May 2012, firm was supplying 1000 kg of sugar at market price of Rs. 60/- per kg. During June 2012, firm's supply of sugar had decreased to 900 kg at price Rs. 40/- per kg. These changes show that supply of sugar is
A. Perfectly elastic
B. Perfectly inelastic
C.Less elastic
D. More elastic
15
If price changes by one % and supply changes by 2% then supply is
A. elastic
B. inelastic
C.indeterminate
D. static
16
If the price of a product rises, quantity demand if its substitute will.
A. Fall
B. Rise
C.Remain unchanged
D. Fluctuate
17
Which one is increasing function of price
A. demand
B. utility
C.supply
D. consumption
18
When a supply of a commodity increases without change in price it is called
A. fall in supply
B. expansion in supply
C.contraction in supply in
D. rise in supply
19
With a fall in the price of a Giffen good or inferior good its quantity demand will.
A. Fall
B. Rise
C.Remain unchanged
D. None of three
20
Which one of the following pairs represent complementary demand for a product.
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