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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
Who did name economics as science of satisfying unlimited wants with limited means
Question # 2
In which kind of economics, aggregate behaviors of the economy are reviewed
Question # 3
Which economist is called Aristotal of economics
Question # 4
Who said that economics is the science of material welfare ?
Question # 5
Founder of neo-classical school of thought:
Question # 6
Study of small units of an economic system is called
Question # 7
Who did separate economics from political science for the first time
Question # 8
Who said that economics is neutural science ?
Question # 9
Which book is named "Bible of Capitalism"
Question # 10
"The nature of significance economics sciences" was written in:
Question # 11
Founder of modern school of thought:
Question # 12
Who is father of economics
Question # 13
Who did write the book named "General theory of employment, interest and money
Question # 14
In which year Kenyens wrote his book "General theory of employment, interest and money
Question # 15
Who said that economics is positive science
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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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 | Study of large aggregated of economic system is called |
A. Micro economics
B. Macro economics
C. Applied economics
D. All the three
|
| 2 | 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
|
| 3 | According to Neo Classical economists, Economics is science of |
A. Scarcity of means
B. Material welfare
C. Wealth
D. Unlimited wants
|
| 4 | Which is not studied in micro economics ? |
A. Theory of consumer behaviour
B. Price theory
C. Theory of money
D. Theory of distribution of wealth
|
| 5 | New classical economist is |
A. Robbins
B. Malthus
C. Marshall
D. Adam Smith
|
| 6 | "The nature and significance of economic sciences" was written by: |
A. Adam smith
B. Marshall
C. Robbins
D. Canon
|
| 7 | Which book is named "Bible of Capitalism" |
A. Wealth of nations
B. Das capital
C. Principles of economics
D. General theory of employment, interest and money
|
| 8 | State laws are of |
A. Regional nature
B. Country nature
C. International nature
D. Non of three
|
| 9 | How many kinds are of positive economics |
A. Two
B. Three
C. Four
D. Five
|
| 10 | Which economist is called Aristotal of economics |
A. Marshall
B. Keynes
C. Adam Smith
D. Malthus
|
Test Questions