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Online Tests
Economics Ics Part 1 English Medium Chapter 9 Online Test MCQs With Answers
Question # 1
Which is true
Choose an answer
capital depreciates
capital is primary factor of production
capital in not hireable
human capital is real capital
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Question # 2
Net investment equals Gross investment MINUS
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fixed capital
capital depreciation
capital appreciation
capital formation
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Question # 3
Qd = 50 - 5P people will demand 50 when price of the product is:
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Very high
Very low
Zero
Unity
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Question # 4
A factory is an example of
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capital
natural resources
entrepreneurship
none of the above
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Question # 5
Which one of the following is a functional equation of demand:
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Q - 20 + 2P = 0
Q - 3 - 3P = 0
Q + -2P = 0
None of the three
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Question # 6
These are kinds of capital EXCEPT
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fixed capital
expensive capital
working capital
real capital
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Question # 7
Which is
NOT
a cause of slow capital formation in Pakistan
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poverty
illiteracy
bad governance
low rate of taxes
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Question # 8
Productivity of capital depends upon
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quality of labour
quality of raw materials
quality of management
all of the above
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Question # 9
How many various forms of capital
Choose an answer
7
8
9
10
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Question # 10
Q
d
= 12 - 2P
Q
s
= -4 + 6P in this market model, P and Q are respectively.
Choose an answer
2 & 8
4 & 8
4 & 10
None of the three
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Question # 11
To the economist, investment refers to
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sale of real estate
creation of new capital
purchase of a prize bond
decrease in inventories
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Question # 12
q = 4 + 2P it is a functional equation of.
Choose an answer
Demand
Supply
Equilibrium of demand as supply
None of the three
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Question # 13
The part of wealth, other than natural resources, which can be used for further production of wealth are called
Choose an answer
Capital
Revenue
Fundamentals of economics
None of these
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Question # 14
It is function of capital
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provision of machinery
payment of wages
establish good relation with employees
a and b of above
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Question # 15
Which of the following is
NOT
capital as economists use the term
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an office building
machinery in a factory
an industrial robot
money
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Question # 16
The government constructed a new water reservoir for the purpose of irrigation; this might be taken as
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increase in supply of capital
increase in supply of land
increase in supply of land and supply of capital
increase in natural resources
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Question # 17
How many functions of capital
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6
5
4
7
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Question # 18
Which of the following is a producer good
Choose an answer
pen
cycle
mobile phone
hammer
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Question # 19
Capital formation lakes place when
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people save a part of their incomes
saved amount is invested
investors expect good return
all of the three
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Question # 20
Consists of all kinds of wealth, other than free gifts of nature, which yield income are called
Choose an answer
Capital
Productivity of capital
Both a and b
None of these
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Question # 21
An example of money capital is
Choose an answer
cash
money in a savings account
prize bond
golden ring
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Question # 22
Which of the following is capital
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tractor
TV station
tarbela dam
all of the three
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Question # 23
The difference between iron ore deposits and the steel produced illustrates the difference between
Choose an answer
labour and natural resources
labour and capital
natural resources and capital
natural resources and entrepreneurship
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Question # 24
Which of the following is capital
Choose an answer
toy of a child
plough of the farmer
calculator of the student
novel book in the library
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