11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Immortal factor production is	Land Labour Capital Organization
2	In economics, every mental or physical struggle undertaken for reward, is called	Land Labour Capital Organization
3	As factor of production, river and sea are called	Land Labour Capital Organization
4	Cannot be separated from labourer	Land Labour Capital Organization
5	Which factor can not be stored	Land Labour Capital Organization
6	The factor which is needed to produce goods by the combination of land, labour and capital is called	Land Labour Capital Organization
7	Mental or physical work undertaken for reward by human being is called	Land Labour Capital Organization
8	Free gift of nature is	Land Labour Capital Organization
9	River, sea, forests, rain are called	Land Labour Capital Organization
10	If an entrepreneur does service, in economics it is called	Organization Discipline Labour Wage
11	Intersection of demand and supply curve is called	Equilibrium of firm Equilibrium of demand Equilibrium of supply Equilibrium point
12	The price at which quantity demanded and supplied are equal	Equilibrium price Reserve price Fixed price Variable price
13	Quickly destroyable goods are called	Superior goods Inferior goods Perishable goods Giffen godds
14	The duty of a market is not to	make exchange of goods contact buyers and sellers determine price give maximum output
15	The equilibrium of the market is that demand and supply to each other are	opposite positive equal negative

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