ICS Part 1 Economics Chapter 6 MCQs Test

image
image
image

First Year Economics Chapter 6 Online MCQ Test for 1st Year Economics Chapter 6 (Market Equilibrium)

This online test contains MCQs about following topics:

Economics Ics Part 1 English Medium Chapter 6 Online Test

Try the Economics Ics Part 1 English Medium Chapter 6 Online Test.

  • Total Questions20

  • Time Allowed30

Start Test

Determination of Market Pice ,Changes in Demand and Supply Cinditions ,Market Price ,Normal Price

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

Top Scorers of Online MCQ Test for Biology Class 10

  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12

Economics Ics Part 1 English Medium Chapter 6 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 Perfectly inelastic supply curve is: Parallel to vertical axis Parallel to horizontal axis Rises upward to the right Falls downward to the right
2 When the price of a product increase by 100 percent and as a consequence, its quantity supplied increase by 125 percent, Its elasticity of supply will be. Less than unity Greater than unity Equal to unity Equal to zero
3 The price and sales of sugar both increase. What could be the cause of this? a decrease in the income of the consumers. a decrease in the tax on sugar An increase in the wages of workers in the sugar industry An increase in the price of sugar substitutes
4 Market equilibrium means number of buyers and sellers are equal demand and supply of commodity are equal no price is changing prices rise very slowly
5 A decrease in demand causes the equilibrium price to rise fall remain constant indeterminate
6 When the supply curve of a product is parallel to the vertical axis, it would mean that; Different quantities of a product are supplied at the same price. Different quantities of a product are supplied at different price. Same quantities of a product are supplied at different price. None of three
7 A change in price brings in quantity supplied. it will be. Rise in supply Contraction of supply Fall in supply Extension of supply
8 If price is set above equilibrium level, there will be surplus commodity in the market shortage of commodity in the market supply curve will shift demand curve will shift
9 One of the following is not an assumption of law of supply. Political system should not changed Cost of production should not changed Production technique should not changed Cost of raw material should not changed
10 If equilibrium price rises but equilibrium quantity is unchanged, the cause is supply and demand both increase equally supply and demand decrease equally supply curve is vertical and demand increases supply increases and demand is same
×