Solved Past Paper

NAT - ICOM Commerce Economics Practice MCQs

Practice and review NAT - ICOM Commerce Economics Practice MCQs with verified questions, correct answer keys, and detailed solutions. Economics subject MCQs from ilmkidunya NAT-ICOM online practice test. No verified answer key for displayed questions; correct_option left null.

Total Questions 18 Qs
Duration Limit 120 Min
Negative Mark 0.00
Attempt Count 0

Solved Questions & Explanations

18 questions (1 solved, 17 official sample questions)

1

In monopoly the number of firms is

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2

Which Economists presented the law of diminishing marginal utility

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3

National income does not include

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4

What remains after deduction of direct taxes from the personal income

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5

The supply of land is

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6

Marginal cost curve always intersects average cost curve at

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7

The methods of measuring elasticity of supply are

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8

National income period is

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9

Factors of productions are

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10

Personal income means

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11

The elasticity of demand of durable goods is

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12

Income elasticity show the relationship between

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13

The other name of law of decreasing return is

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14

International trade has the benefits

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15

Who described Economics as a science of wealth

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16

Inflation will be useful for

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17

Who wrote The Nature and Significance of Economics

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18

Due to devaluation exports become

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About This Paper

Economics subject MCQs from ilmkidunya NAT-ICOM online practice test. No verified answer key for displayed questions; correct_option left null.

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Topic Weightage

Organisation for Economic Co-operation and Development (OECD) 66.7%
National Symbols 16.7%
World Leaders in News 11.1%
Relations Between Major Powers 5.6%