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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
Economics is concerned with the attainment of material requisites
Question # 2
Micro economics studies related to
Question # 3
Which characteristic is not found in economic laws
Question # 4
In which punishment is not applicable for the disobedience, the laws are
Question # 5
To describe as it is, after seeing and analyzing any event, is known as
Question # 6
Who did name Economics as the science of mammon worship and dismal science
Question # 7
Founder of classical school of thought was
Question # 8
Founder of neo-classical school of thought:
Question # 9
Cannon,. Pigou and Pareto belonged to school of thought
Question # 10
Who did name economics as science of satisfying unlimited wants with limited means
Question # 11
Which one is not studied in micro economic
Question # 12
Which laws are framed by parliament
Question # 13
The most clear and comprehensive definition of economics is given by
Question # 14
Study of small units of an economic system is called
Question # 15
Who said that economics is the science of material welfare ?
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.
Top Scorers Of Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test" MCQ`s Test
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M Musa Aziz 07 - May - 2026 01 Min 28 Sec 15/15 -
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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 | Of what nature state laws are |
A. Local
B. Regional
C. National
D. International
|
| 2 | Economic problem arises due to: |
A. Unlimited wants
B. Limited resources
C. Resources have alternative use
D. All of them
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| 3 | Who did write the book named "An enquiry into the nature and causes of the wealth of nations" |
A. Adam smith
B. Marshall
C. Robbins
D. Canon
|
| 4 | 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
|
| 5 | Which economist introduced economics as a science for the first time |
A. Adam Smith
B. Robbins
C. Marshall
D. Pigou
|
| 6 | In which year the book named "Principles of Economics" was written |
A. 1805
B. 1890
C. 1903
D. 1915
|
| 7 | Founder of Classical school of thought was: |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 8 | Who is the Founder of macro economics ? |
A. Marshall
B. Malthus
C. Adam smith
D. Keynes
|
| 9 | Laws which reflect religion of society |
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws
|
| 10 | Which economist did name economics as neutral science |
A. Pigou
B. Keynes
C. Robbins
D. Marshall
|
Test Questions