First Year Principles of Economics Chapter 1 Online MCQ Test for 1st Year Principles of Economics Chapter 1 (Definition of Economics)

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
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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"

  • Total Questions15

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Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test

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Question # 1

In which year the book named "Principles of Economics" was written

Question # 2

Who is the Founder of macro economics ?

Question # 3

Who did write the book named "Principles of Economics" was written

Question # 4

Which book is named "Bible of Capitalism"

Question # 5

Founder of neo-classical school of thought:

Question # 6

How many are kinds of theoretical economics

Question # 7

Who did write the book named "General theory of employment, interest and money"

Question # 8

Who did criticise the definition of Robbins

Question # 9

Ceteris paribus means:

Question # 10

Laws cannot be predicted

Question # 11

How many are kinds of economics

Question # 12

Which laws are definite and universal

Question # 13

Micro economics studies related to

Question # 14

Marshall belonged to the country

Question # 15

Propounder of economics was

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11th Principle of Economics Chapter 1 Test

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ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's

Sr.# Question Answer
1 Which one is not studied in micro economic
A. National income
B. Consumer behavior
C. Market equilibrium
D. Firm's equilibrium
2 How many kinds of science are
A. Two
B. Three
C. Four
D. Five
3 Walker, senior and Malthus belonged to school of thought
A. Classical
B. Neo classical
C. Keynesian
D. None of these
4 Who said that economics is positive science
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
5 Laws cannot be predicted
A. Scientific laws
B. Moral laws
C. Economic laws
D. Natural laws
6 Laws which reflect religion of society
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws
7 Which economist did present the concept of macro economics
A. Adam Smith
B. Marshall
C. Pigou
D. Keynes
8 In which year the book named "Principles of Economics" was written
A. 1805
B. 1890
C. 1903
D. 1915
9 When after the observation and analysis of the conditions, they are stated as they are, is called
A. Normative science
B. Positive science
C. Vegetation science
D. Science of Prediction
10 Which economist introduced economics as a science for the first time
A. Adam Smith
B. Robbins
C. Marshall
D. Pigou

Test Questions

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