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This online test contains MCQs about following topics:
. Economics is a Science of wealth . Economics is a Science of Material Welfare . Economics is a Science of Scarcity and Choice . Coparison of the definitions of Marshall and Robbins . Scope of Economics . Subject matter of economics . Individual or collective behaviour . Question of likes or diklikes of wants| . Economics Law
ICOM Part 1 Economics Ch 1 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test
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Question # 1
Which is not studied in micro economics
Question # 2
Methods of deriving economic laws are
Question # 3
Micro economics related to
Question # 4
State laws are of
Question # 5
Which economist introduced economics as a science for the first time
Question # 6
Who said that economics is the science of wealth ?
Question # 7
In macro economics, what kind of problems can be discussed
Question # 8
Economics is basically divided into two parts
Question # 9
Economic problem arises because human wants
Question # 10
New classical economist is
Question # 11
Economic laws are:
Question # 12
Who did write the book named "General theory of employment, interest and money
Question # 13
Economics is concerned with the attainment of material requisites
Question # 14
The goods which are directly consumed by the human-being, are called
Question # 15
Which economist said that abundance of definitions has pressed the neck of economics
Prepare Complete Set Wise Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers
11th Principle of Economics Chapter 1 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 1 Definition of Economics Test. Click the button for 100% free full practice test.
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M Musa Aziz 07 - May - 2026 01 Min 28 Sec 15/15 -
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N Nazish Shakeel 15 - Apr - 2026 02 Min 57 Sec 14/15 -
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M Muhammad Hassan 11 - Aug - 2024 01 Min 43 Sec 11/15 -
N Nabeeha Khan 04 - Dec - 2024 02 Min 30 Sec 11/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Who said that economics is science of wealth |
A. Adam smith
B. Robbins
C. Marshall
D. Pigou
|
| 2 | Ceteris paribus means: |
A. Other things remain the same
B. Assumptions of the law
C. Conditions of the law
D. All of them
|
| 3 | Founder of Classical school of thought was: |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 4 | Who is father of economics |
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
|
| 5 | The science in which conditions and incidents are checked from a particular point of view, is called |
A. Positive science
B. Normative science
C. Social science
D. All of three
|
| 6 | In which year the book named "Principles of Economics" was written |
A. 1805
B. 1890
C. 1903
D. 1915
|
| 7 | Which is not studied in micro economics |
A. Theory of consumer behavior
B. Price theory
C. Theory of money
D. Theory of distribution of wealth
|
| 8 | Economics according to its scope is: |
A. Science
B. Art
C. Science & Art
D. Only positive science
|
| 9 | Inductive method of deriving economic laws |
A. We move from general conditions to particulars conditions
B. We move from particular conditions to general conditions
C. Facts are stated in simple and easy way
D. Stated in general way
|
| 10 | Which side of life of human being is analysed in economics |
A. Political
B. Social
C. Economic
D. Moral
|
Test Questions
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