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

To which area of England Adam Smith belonged

Question # 2

Which economist did present the concept of macro economics

Question # 3

How many kinds are of positive economics

Question # 4

"Principles of Economics" was written by.

Question # 5

According to Marshall, Economics is

Question # 6

Deductive method of economic study.

Question # 7

Marshall belonged to the country

Question # 8

Economics is concerned with the attainment of material requisites

Question # 9

Walker, senior and Malthus belonged to school of thought

Question # 10

Who did give economics the status of positive science

Question # 11

Economic laws are:

Question # 12

Who did separate economics from political science for the first time

Question # 13

"General theory of employment, interest and money" was written in:

Question # 14

To derive economic laws inductive method was adopted by

Question # 15

The non-material activities which have the ability to satisfy human wants indirectly, are called

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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 "General theory of employment, interest and money" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
2 Who did introduce Macro Economics
A. Marshall
B. N.W. Senior
C. J.M. Keynes
D. Ricardo
3 Micro economics studies related to:
A. National income
B. Unemployment
C. Trade cycle
D. Consumers behaviour
4 Economics according to its scope is:
A. Science
B. Art
C. Science & Art
D. Only positive science
5 Who said that economics is neutural science ?
A. Pigou
B. Keynes
C. Robbins
D. Marshall
6 Exact perdition not possible in:
A. Economic laws
B. Science laws
C. Moral laws
D. Social law
7 Which is not studied in macro economics ?
A. National income
B. Money and banking
C. Consumer's behavior
D. Public finance
8 Study of large units of the economy is known as:
A. Micro economics
B. Macro ecnomics
C. Applied economics
D. All of them
9 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
10 Factors of production are:
A. Two
B. Three
C. Four
D. Five

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