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 true
  • A. capital depreciates
  • B. capital is primary factor of production
  • C. capital in not hireable
  • D. human capital is real capital
2 Qd = 50 - 5P people will demand 50 when price of the product is:
  • A. Very high
  • B. Very low
  • C. Zero
  • D. Unity
3 Which of the following is capital
  • A. toy of a child
  • B. plough of the farmer
  • C. calculator of the student
  • D. novel book in the library
4 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
5 Which of the following is capital
  • A. tractor
  • B. TV station
  • C. tarbela dam
  • D. all 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 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
8 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
9 Which of the following is <i>NOT </i>capital as economists use the term
  • A. an office building
  • B. machinery in a factory
  • C. an industrial robot
  • D. money
10 How many various forms of capital
  • A. 7
  • B. 8
  • C. 9
  • D. 10

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