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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
According to Marshall, Economics is
Question # 2
Micro economics related to
Question # 3
Deductive method of deriving economic laws
Question # 4
Which statement is called subject matter of economics
Question # 5
Economics is concerned with the attainment of material requisites
Question # 6
Economic problem arises because human wants
Question # 7
Adam Smith belongs to:
Question # 8
To derive economic laws inductive method was adopted by
Question # 9
The most clear and comprehensive definition of economics is given by
Question # 10
Which is not studied in macro economics
Question # 11
Which laws are definite and universal
Question # 12
Founder of modern school of thought:
Question # 13
Walker, senior and Malthus belonged to school of thought
Question # 14
How many kinds of science are
Question # 15
Micro economics studies related to:
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.
Top Scorers Of Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test" MCQ`s Test
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M Musa Aziz 07 - May - 2026 01 Min 28 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 -
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N Nazish Shakeel 15 - Apr - 2026 02 Min 57 Sec 14/15 -
A Arham Khan 09 - Jun - 2024 01 Min 35 Sec 13/15 -
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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 | To derive economic laws deductive method was adopted by |
A. Classical school of thought
B. Neo classical school of thought
C. Historical school of thought
D. Modern school of thought
|
| 2 | Economic law are made by: |
A. Govt.
B. Courts
C. Parliament
D. Behaviour of the people
|
| 3 | Economics is a science which studies. |
A. Production of wealth only
B. Consumption of wealth only
C. Optimum use of scare resources
D. Welfare only
|
| 4 | "Principles of Economics" was written by. |
A. Adam smith
B. Marshall
C. Robbins
D. Canon
|
| 5 | The most clear and comprehensive definition of economics is given by |
A. Adam Smith
B. Alfred Marshall
C. Robbins
D. A.C. Pigou
|
| 6 | Who did name economics as science of satisfying unlimited wants with limited means |
A. Marshal
B. Adam Smith
C. Robbins
D. Pigou
|
| 7 | Economic laws are |
A. Definite and universal
B. Of Conditional nature
C. Of moral nature
D. Of political nature
|
| 8 | Factors of production are: |
A. Two
B. Three
C. Four
D. Five
|
| 9 | Who is father of economics |
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
|
| 10 | The goods which are directly consumed by the human-being, are called |
A. Consumer goods
B. Capital goods
C. Industrial goods
D. None of the three
|
Test Questions
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