9th Chapter

ICS Part 1 Economics Chapter 9 MCQs Test

First Year Economics Chapter 9 Online MCQ Test for 1st Year Economics Chapter 9 (Capital Resources)

This online test contains MCQs about following topics:

Forms of Capital - Functions of Capital - Productivity of Capital - Capital Formation - Capital Formation in Pakistan

ICS Part 1 Economics Chapter 9 Test

Start Chapter 9 Test

First Year Economics Chapter 9 Online MCQ Test for 1st Year Economics Chapter 9 (Capital Resources)

Sr. # Questions Answers Choice
1 Which is <i>NOT </i>a cause of slow capital formation in Pakistan
  • A. poverty
  • B. illiteracy
  • C. bad governance
  • D. low rate of taxes
2 It is function of capital
  • A. provision of machinery
  • B. payment of wages
  • C. establish good relation with employees
  • D. a and b of above
3 How many various forms of capital
  • A. 7
  • B. 8
  • C. 9
  • D. 10
4 The difference between iron ore deposits and the steel produced illustrates the difference between
  • A. labour and natural resources
  • B. labour and capital
  • C. natural resources and capital
  • D. natural resources and entrepreneurship
5 q = 4 + 2P it is a functional equation of.
  • A. Demand
  • B. Supply
  • C. Equilibrium of demand as supply
  • D. None of the three
6 The part of wealth, other than natural resources, which can be used for further production of wealth are called
  • A. Capital
  • B. Revenue
  • C. Fundamentals of economics
  • D. None of these
7 Consists of all kinds of wealth, other than free gifts of nature, which yield income are called
  • A. Capital
  • B. Productivity of capital
  • C. Both a and b
  • D. None of these
8 The government constructed a new water reservoir for the purpose of irrigation; this might be taken as
  • A. increase in supply of capital
  • B. increase in supply of land
  • C. increase in supply of land and supply of capital
  • D. increase in natural resources
9 To the economist, investment refers to
  • A. sale of real estate
  • B. creation of new capital
  • C. purchase of a prize bond
  • D. decrease in inventories
10 How many functions of capital
  • A. 6
  • B. 5
  • C. 4
  • D. 7

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