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

Economic law are made by:

Question # 2

Economics is basically divided into two parts

Question # 3

How many are kinds of economics

Question # 4

In which punishment is not applicable for the disobedience, the laws are

Question # 5

The whom individuals Marshal included in definition of economics

Question # 6

Who did separate economics from political science for the first time

Question # 7

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

Question # 8

Of what nature state laws are

Question # 9

Which economist did present the concept of macro economics

Question # 10

Marshall belonged to the country

Question # 11

"The nature of significance economics sciences" was written in:

Question # 12

Which one is not included in macro economics

Question # 13

Which side of life of human being is analysed in economics

Question # 14

Study of small units of an economic system is called

Question # 15

Cannon,. Pigou and Pareto belonged to school of thought

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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 Behavior adopted on the basis of unlimited wants and limited means, is named
A. Science
B. Art
C. Economics
D. Struggle
2 Which laws are definite and universal
A. Economic laws
B. Moral laws
C. State laws
D. Scientific laws
3 Which laws are conditional
A. State
B. Economic
C. Scientific
D. Moral
4 The non-material activities which have the ability to satisfy human wants indirectly, are called
A. Goods
B. Services
C. Satisfaction
D. None of the three
5 Micro economics studies related to:
A. National income
B. Unemployment
C. Trade cycle
D. Consumers behaviour
6 Cannon,. Pigou and Pareto belonged to school of thought
A. Classical
B. Neo classical
C. Keynesian
D. None of these
7 Founder of Classical school of thought was:
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
8 Which economist said that abundance of definitions has pressed the neck of economics
A. Adam Smith
B. Robbins
C. Keynes
D. Pigou
9 Who did say that Economics is science of material welfare
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
10 How many are kinds of theoretical economics
A. Two
B. Three
C. Four
D. Five

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