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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 write the book named "An enquiry into the nature and causes of the wealth of nations"
Question # 2
Who did write the book named "Nature and importance of economics"
Question # 3
"General theory of employment, interest and money" was written by:
Question # 4
Adam Smith belongs to:
Question # 5
Study of large units of the economy is known as:
Question # 6
In macro economics, what kind of problems can be discussed
Question # 7
Writing of the same behavior of the people in particular arrangement and words is called
Question # 8
Who said that you can not become good citizen if you have no economist with you
Question # 9
Not acting upon economic laws
Question # 10
Who did say that Economics is science of material welfare
Question # 11
Who did name economics as science of satisfying unlimited wants with limited means
Question # 12
Which economist said that, economics cannot be separated from spiritual values?
Question # 13
Which is not studied in micro economics ?
Question # 14
Founder of Classical school of thought was:
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.
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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 -
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N Nazish Shakeel 15 - Apr - 2026 02 Min 57 Sec 14/15 -
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M Mehwish Mughal 01 - Nov - 2024 03 Min 10 Sec 12/15 -
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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 | Who did name economics as science of satisfying unlimited wants with limited means |
A. Marshal
B. Adam Smith
C. Robbins
D. Pigou
|
| 2 | Founder of new classical school of thought was |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 3 | Who said that economics is neutural science ? |
A. Pigou
B. Keynes
C. Robbins
D. Marshall
|
| 4 | Ceteris paribus means: |
A. Other things remain the same
B. Assumptions of the law
C. Conditions of the law
D. All of them
|
| 5 | Which side of life of human being is analysed in economics |
A. Political
B. Social
C. Economic
D. Moral
|
| 6 | Founder of neo-classical school of thought: |
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
|
| 7 | Inductive method represents: |
A. General to particular
B. Particular to general
C. Normative science
D. Economic planning
|
| 8 | The conditions which are essentially kept constant for the application of economic laws, are called |
A. Changes
B. Assumptions
C. Limitations
D. Theories
|
| 9 | Which economist said that, economics cannot be separated from spiritual values? |
A. Marshall
B. Robbins
C. Adam smith
D. Voton
|
| 10 | Who did introduce Macro Economics |
A. Marshall
B. N.W. Senior
C. J.M. Keynes
D. Ricardo
|
Test Questions