11th Class Economics MCQ Test With Answer for Economics Full Book

Economics is the main subject for the ICS students. Economics is widely taught in all college and universities by expert and professional teachers. Students of Arts can choose the subject according to their choice. It is up to the choice of the students.

ICS Part 1 Economics Full Book Test

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Economics Ics Part 1 English Medium Online Test

Try The Economics Ics Part 1 English Medium Online Test

  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Online Test

00:00
Question # 1

With a fall in the price of a Giffen good or inferior good its quantity demand will.

Question # 2

Internal economies of scale include

Question # 3

Other things remaining the same, quantity supplied of a commodity increases with rise in price and decreases with fall in price are called

Question # 4

Which of the following saying describes diminishing marginal returns in the short run?

Question # 5

When MP curve cuts AP curve, the AP is at its.

Question # 6

A firm attains equilibrium under monopoly if:

Question # 7

Economic development of a country requires

Question # 8

When demand rises more than supply price of the product will.

Question # 9

In case of perfectly elastic demand curve, the demand curve will be parallel to the :

Question # 10

The utility of an additional unit of a product is

Question # 11

Who was the founder of classical school of thought?

Question # 12

If quantity demanded is completely unresponsive to changes in price, demand is

Question # 13

Total profit = ?

Question # 14

Land means nature resources which are available.

Question # 15

In case of perfect competition in the market

Question # 16

Stock exchange is market where we can buy:

Question # 17

Production of wealth takes place by:

Question # 18

Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.

Question # 19

A consumer's spending is restricted because of

Question # 20

:It is not possible to separate marginal revenue product of each factor of production:. It was said by:


Topic Test

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 Economics Ics Part 1 English Medium Chapter 1 Online Test 66 Download PDF Launch Test
2 Economics Ics Part 1 English Medium Chapter 2 Online Test 37 Download PDF Launch Test
3 Economics Ics Part 1 English Medium Chapter 3 Online Test 38 Download PDF Launch Test
4 Economics Ics Part 1 English Medium Chapter 4 Online Test 46 Download PDF Launch Test
5 Economics Ics Part 1 English Medium Chapter 5 Online Test 41 Download PDF Launch Test
6 Economics Ics Part 1 English Medium Chapter 6 Online Test 32 Download PDF Launch Test
7 Economics Ics Part 1 English Medium Chapter 7 Online Test 36 Download PDF Launch Test
8 Economics Ics Part 1 English Medium Chapter 8 Online Test 31 Download PDF Launch Test
9 Economics Ics Part 1 English Medium Chapter 9 Online Test 24 Download PDF Launch Test
10 Economics Ics Part 1 English Medium Chapter 10 Online Test 51 Download PDF Launch Test
11 Economics Ics Part 1 English Medium Chapter 11 Online Test 40 Download PDF Launch Test
12 Economics Ics Part 1 English Medium Chapter 12 Online Test 39 Download PDF Launch Test

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ICS Part 1 Economics Important MCQ's

Sr.# Question Answer
1 The reward of their services cannot be fixed
A. wage earner
B. rent receiver
C. interest receiver
D. profit earner
2 If elasticity of supply is greater than one. supply curve will be
A. horizontal
B. vertical
C. passing through origin
D. touching y-axis
3 One of the following is not an exception the law of demand.
A. Very high price products
B. Very low price products
C. Ignorance of consumers
D. Non of the above
4 In the long-run a firm attains under monopoly;
A. Normal profit
B. Super normal profit
C. Sub-normal profit
D. Any on of the above
5 Land means nature resources which are available.
A. On the soil
B. Above the soil
C. Below the soil
D. All the above
6 A ______ is something which is measurable and can take on different values
A. Variable
B. Constant
C. Both a and b
D. None of these
7 A competitive firm is in equilibrium in the long-run where:
A. ME = AR = LMC = P
B. MR = AR = LMC = LAC
C. MR < AR = LMC <LAC
D. None of the three
8 Geographical mobility is not possible for
A. land
B. labour
C. capital
D. wealth
9 Given the demand curve, a rise in supply will.
A. Increase quantity supplied
B. Price will fall
C. Price will rise
D. Both (a) and (b)
10 The goods used to produce income or wealth are.,
A. Consumer goods
B. Manufactured goods
C. Merit goods
D. Capital goods
ic

11th Class Economics English Medium Test

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Test Questions

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  • Guest User

    Guest User

    10 Dec 2019

    very good

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  • Arbaz khan

    Arbaz khan

    25 Jul 2019

    if you have a job for 10 class students So.....!

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  • ali raza siddiqui

    ali raza siddiqui

    18 Jul 2019

    good

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  • Fahad

    Fahad

    04 Jan 2019

    Now

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  • Asad bhatti

    Asad bhatti

    09 Dec 2018

    hmmm

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