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

Who said that economics is the science of wealth ?

Question # 2

Founder of Classical school of thought was:

Question # 3

Writing of the same behavior of the people in particular arrangement and words is called

Question # 4

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

Question # 5

Are included in welfare economist

Question # 6

According to Robbins, the basic concept of Economics is

Question # 7

Who did say that Economics is science of material welfare

Question # 8

Which is not studied in micro economics

Question # 9

Which book is named "Bible of Capitalism"

Question # 10

Marshall belonged to the country

Question # 11

Which economist did present the concept of macro economics

Question # 12

Laws which reflect religion of society

Question # 13

Economic law are made by:

Question # 14

Ceteris paribus means:

Question # 15

Which one is not studied in micro economic

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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 wrote the book named "An enquiry into the nature and causes of the wealth of nations ?
A. Adam Smith
B. Marshall
C. Robbins
D. Canon
2 Founder of modern school of thought:
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
3 Who did say that Economics is science of material welfare
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
4 Economics according to its scope is:
A. Science
B. Art
C. Science & Art
D. Only positive science
5 According to Marshall, Economics is
A. Social Science
B. Correcting science
C. Positive science
D. Moral science
6 Who said that economics has the place of intellectual religion
A. Cannon
B. Pigou
C. Durban
D. Robbins
7 The most clear and comprehensive definition of economics is given by
A. Adam Smith
B. Alfred Marshall
C. Robbins
D. A.C. Pigou
8 In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written
A. 1696
B. 1776
C. 1803
D. 1825
9 Who is father of economics
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
10 Who did write the book named "Nature and importance of economics"
A. Adam smith
B. Marshall
C. Robbins
D. Keynes

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