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"

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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

Who said that economics is positive science ?

Question # 3

Which economist did name economics as neutral science

Question # 4

Which one is not studied in micro economic

Question # 5

Who said that economics is science of unlimited wants and limited means

Question # 6

To derive economic laws inductive method was adopted by

Question # 7

Which characteristic is not found in economic laws

Question # 8

Propounder of economics was

Question # 9

How many kinds are of positive economics

Question # 10

Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?

Question # 11

In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written

Question # 12

To derive economic laws deductive method was adopted by

Question # 13

Who said that economics is the science of wealth ?

Question # 14

Study of large aggregated of economic system is called

Question # 15

In how many parts professor Adam smith divided his book "Wealth of nations"

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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 Who did say that Economics is science of material welfare
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
2 Economics is basically divided into two parts
A. Micro and macro economics
B. Micro and applied economics
C. Theoretical and applied economics
D. Welfare and applied economics
3 Which economist said that abundance of definitions has pressed the neck of economics
A. Adam Smith
B. Robbins
C. Keynes
D. Pigou
4 Who is called founder of modern school of thought
A. Robbins
B. Cannon
C. Keynes
D. Malthus
5 Methods to derive economic laws:
A. One
B. Two
C. Three
D. Four
6 In which punishment is not applicable for the disobedience, the laws are
A. Moral laws
B. Laws of state
C. Political laws
D. Economic laws
7 Points of Robbins definition are
A. Two points
B. Four points
C. Economic points
D. Practical points
8 State laws are of
A. Regional nature
B. Country nature
C. International nature
D. Non of three
9 Study of large units of the economy is known as:
A. Micro economics
B. Macro ecnomics
C. Applied economics
D. All of them
10 Laws which reflect religion of society
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws

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