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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
Study of small units of an economic system is called
Question # 2
Which economist said that abundance of definitions has pressed the neck of economics
Question # 3
Which economist did name economics as neutral science
Question # 4
Who did write the book named "Principles of Economics" was written
Question # 5
Which economist did present the concept of macro economics
Question # 6
Adam Smith belongs to:
Question # 7
Economic laws are:
Question # 8
Micro economics studies related to
Question # 9
Inductive method of deriving economic laws
Question # 10
Which one is not studied in micro economic
Question # 11
Who did criticise the definition of Robbins
Question # 12
In which kind of economics, aggregate behaviors of the economy are reviewed
Question # 13
How many kinds are of positive economics
Question # 14
In macro economics, what kind of problems can be discussed
Question # 15
Who did say that Economics is science of material welfare
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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U Usva Azam 28 - Jun - 2024 01 Min 40 Sec 14/15 -
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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 | In which year the book named "Principles of Economics" was written |
A. 1805
B. 1890
C. 1903
D. 1915
|
| 2 | The most clear and comprehensive definition of economics is given by |
A. Adam Smith
B. Alfred Marshall
C. Robbins
D. A.C. Pigou
|
| 3 | Study of small units of the economoy is known is: |
A. Micro economics
B. Macro economics
C. Applied economics
D. All of them
|
| 4 | Which is not studied in macro economics |
A. National income
B. Money and banking
C. Price theory
D. Public finance
|
| 5 | 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
|
| 6 | Economic law are made by: |
A. Govt.
B. Courts
C. Parliament
D. Behaviour of the people
|
| 7 | Who said that economics is positive science ? |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 8 | The subject matter of Macro Economics is |
A. Consumer's behavior
B. International trade
C. Firm's behavior
D. Price mechanism
|
| 9 | Founder of classical school of thought was |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 10 | Economic problem arises due to: |
A. Unlimited wants
B. Limited resources
C. Resources have alternative use
D. All of them
|
Test Questions