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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
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
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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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test
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Question # 1
Ceteris paribus means:
Question # 2
According to Robbins, the basic concept of Economics is
Question # 3
Who said that economics has the place of intellectual religion
Question # 4
Founder of neo-classical school of thought:
Question # 5
To derive economic laws inductive method was adopted by
Question # 6
Inductive method represents:
Question # 7
"Principles of Economics" was written in:
Question # 8
Inductive method of deriving economic laws
Question # 9
Which is not studied in micro economics
Question # 10
Economics is a science:
Question # 11
To derive economic laws deductive method was adopted by
Question # 12
Economic laws are:
Question # 13
In which kind of economics, aggregate behaviors of the economy are reviewed
Question # 14
Walker, senior and Malthus belonged to school of thought
Question # 15
Which economist did present the concept of macro economics
Prepare Complete Set Wise Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers
11th Principle of Economics Chapter 1 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 1 Definition of Economics Test. Click the button for 100% free full practice test.
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W Wasif Mehmood 01 - Nov - 2024 00 Min 12 Sec 15/15 -
M Musa Aziz 07 - May - 2026 01 Min 28 Sec 15/15 -
S Sohaib Rana 26 - Jun - 2026 01 Min 59 Sec 15/15 -
A Abdullah Aslam 06 - Aug - 2024 00 Min 04 Sec 14/15 -
U Usva Azam 28 - Jun - 2024 01 Min 40 Sec 14/15 -
A Adeeba Aslam 07 - Aug - 2024 01 Min 42 Sec 14/15 -
H HarFar 20 - Jul - 2024 02 Min 10 Sec 14/15 -
N Nazish Shakeel 15 - Apr - 2026 02 Min 57 Sec 14/15 -
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Y Yahya Albalochi 01 - Nov - 2024 01 Min 44 Sec 12/15 -
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M Mehwish Mughal 01 - Nov - 2024 03 Min 10 Sec 12/15 -
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M Muhammad Hassan 11 - Aug - 2024 01 Min 43 Sec 11/15 -
N Nabeeha Khan 04 - Dec - 2024 02 Min 30 Sec 11/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The science in which conditions and incidents are checked from a particular point of view, is called |
A. Positive science
B. Normative science
C. Social science
D. All of three
|
| 2 | Methods to derive economic laws: |
A. One
B. Two
C. Three
D. Four
|
| 3 | Micro economics studies related to |
A. National income
B. Unemployment
C. Trade cycle
D. Consumer's behavior
|
| 4 | Which is not studied in micro economics |
A. Theory of consumer behavior
B. Price theory
C. Theory of money
D. Theory of distribution of wealth
|
| 5 | "General theory of employment, interest and money" was written in: |
A. 1930
B. 1936
C. 1932
D. 1890
|
| 6 | Economic laws are |
A. Definite and universal
B. Of Conditional nature
C. Of moral nature
D. Of political nature
|
| 7 | According to Neo Classical economists, Economics is science of |
A. Scarcity of means
B. Material welfare
C. Wealth
D. Unlimited wants
|
| 8 | 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
|
| 9 | Laws cannot be predicted |
A. Scientific laws
B. Moral laws
C. Economic laws
D. Natural laws
|
| 10 | Who did introduce Macro Economics |
A. Marshall
B. N.W. Senior
C. J.M. Keynes
D. Ricardo
|
Test Questions
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