1st Year Past Papers Punjab Board, Economics MCQs Paper 11th Class Annual 2023 Objective New Course Paper 2023 Group 2nd Bahawalpur Board, Past Papers Group 2nd, First Annual Examination 2023 Solved Questions with Answers download Pdf Bahawalpur Board.

11th Class Economics MCQs Paper Annual 2023
BISE Bahawalpur Board

Economics
1st Year ( Inter Part 1)
Group 1st (Morning)
First Annual 2023
Time 30 Minutes
Objective Total Marks : 20

Note; Four possible choices A, B, C, D to each question are given. Which choice is correct, fill that circle in front of that question number .Use marker or pen to fill the circles. Cutting or filling two or more circles will result in zero mark in that question.

1. The Founder of Classical School of thought was :

(A) Robbins1
(B) Alfred Marshal
(C) Keynes
(D) Adam Smith

2. In Micro-Economics we studies :

(A) National Income 3Aia
(B) International
(C) Trade Cycle
(D) Consumer’s Behaviors

3. According to Alfred Marshal Economics is:

(A) Natural Science
(B) Social Science
(C) Reformative Science
(D) Moral Science

4. Exchange Ratio between two Goods is called

(A) Exchange Rate
(B) Marginal Rate of Substitution
(C) Marginal Rate of Technical Substitution
(D) Point of Saturation

5. Other name of Law of Equi-Marginal Utility is

(A) Law of Supply
(B) Law of Constant Returns
(C) Law of Substitution
(D) Law of Demand

6. Standard form of Quadratic Equation is :

(A) ax²+ bx + c = 0
(B) ax²+ bx² + c = 0
(C) ax²+bx+cx=0
(D) ax+bx+c=0

7. The Functional Relationship between Price and Quantity Demanded is :

(A) Increasing
(B) Decreasing
(C) Positive
(D) Infinite

8. Elasticity of Demand for Necessities of Life is :

(A) More Elastic
(B) Less Elastic
(C) Infinite Elastic
(D) Zero Elastic

9. When Supply Curve shifts rightward, it is called :

(A) Contraction in Supply
(B) Extension in Supply
(C) Fall in Supply
(D) Rise in Supply

10. If there is Equal Increase in Demand and Supply then Equilibrium Price :

(A) Decreases
(B) Increases
(C) Does not Change
(D) Becomes Zero

11. The Market is in Equilibrium, where Demand and Supply Forces are :

(A) Opposite
(B) Positive
(C) Equal
(D) Negative

12. National Capital is :

(A) Personal House
(B) Roads
(C) Personal Car
(D) Personal Land

13. The Second name of Law of Increasing Returns is :

(A) Law of Decreasing Cost
(B) Law of Increasing Cost
(C) Law of Constant Returns
(D) Law of Variable Proportions

14. The Slope of Curve of Law of Decreasing Returns is:

(A) Positive
(B) Negative
(C) Vertical
(D) Horizontal

15. The other name of Fixed Cost is :

(A) Prime Cost
(B) Variable Cost
(C) Marginal Cost
(D) Supplementary Cost

16. Average Revenue is equal to:

(A) Marginal Revenue
(B) Price
(C) Total Revenue
(D) Demand

17. The necessary condition of Firms’ Equilibrium is :

(A) MC = MR
(B) MC = FC
(C) MC = AR
(D) MC = AC

18. The number of the Firms under Perfect Competition are:

(A) 07
(B) 02
(C) A Large Number
(D) 10

19. Under Perfect Competition, Firm’s Marginal Revenue Curve is :

(A) Vertical
(B) Horizontal
(C) Positive
(D) Negative

20. The Speculative Demand for Money depends upon :

(A) Income
(B) Rate of Interest
(C) Money Supply
(D) Savings

11th Class Economics Group 2nd New Course MCQs Paper 2nd Annual Examination 2023 Group Second BISE Bahawalpur

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