Principles of Economics MCQs with Answer|I.COM Part 1

Principles of economics MCQs with answer keys. Download chapter-wise solved MCQs of economics part 1 in Urdu and English. I.COM part 1 economics important short questions unit-wise. List of all chapters with solved MCQs and important short questions.

  • Definition of Economics
  • Consumer’s Behavior
  • Demand and Supply
  • Factors of Production
  • Laws of Return
  • Firm’s Cost of Production & Revenue
  • Determination of Price & Output
  • Determination of Rewards of
  • Production of Factors
  • National Income

Principles of Economics Short Questions:

Here are some sample important short questions from a chapter.

  • what is meant by international trade?
  • what is home trade?
  • State the difference between home and foreign trade?
  • Write two disadvantages of foreign trade.
  • Define balance of trade.
  • What is meant by balance of payment?
  • What is the difference between balance of payment
  • and balance of trade?
  • What are visible items?
  • What are invisible items?
  • Define exchange rate.
  • State the purpose of establishing international
  • monetary fund.
  • What is meant by protection policy?

Download complete chapter wise solved MCQs

Hopefully the notes of Principles of economics MCQs will help you in the examination. If you are looking for Principles of commerce I.COM part 1 download from this page.Principles of commerce file also contain solved MCQs chapter-wise.

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