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

Are included in welfare economist

Question # 2

Who did write the book named "An enquiry into the nature and causes of the wealth of nations"

Question # 3

Which is not studied in macro economics

Question # 4

According to Marshall, Economics is

Question # 5

Study of large units of the economy is known as:

Question # 6

"Principles of Economics" was written by.

Question # 7

Founder of new classical school of thought was

Question # 8

"Principles of Economics" was written in:

Question # 9

Not acting upon economic laws

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

According to Neo Classical economists, Economics is science of

Question # 13

Which is not studied in micro economics

Question # 14

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

Question # 15

Who did name Economics as the science of mammon worship and dismal science

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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 According to Robbins, the basic concept of Economics is
A. Political problem
B. Economic problem
C. Psychological problem
D. Religious problem
2 Economics is concerned with the attainment of material requisites
A. Robbins
B. Marshall
C. Pareto
D. Senior
3 "Principles of Economics" was written in:
A. 1776
B. 1890
C. 1932
D. 1930
4 Which economist did name economics as neutral science
A. Pigou
B. Keynes
C. Robbins
D. Marshall
5 Adam Smith belongs to:
A. Poland
B. Scotland
C. Ireland
D. Holland
6 Economics is a science:
A. Political
B. Spiritual
C. Social
D. Scientific
7 Micro economics studies related to:
A. National income
B. Unemployment
C. Trade cycle
D. Consumers behaviour
8 Which laws are definite and universal
A. Economic laws
B. Moral laws
C. State laws
D. Scientific laws
9 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
10 Who did separate economics from political science for the first time
A. Marshall
B. Malthus
C. Adam smith
D. Ricardo

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