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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 large aggregated of economic system is called
Question # 2
Economics is basically divided into two parts
Question # 3
Which economist said that abundance of definitions has pressed the neck of economics
Question # 4
How many are kinds of economics
Question # 5
Who did criticise the definition of Robbins
Question # 6
Who said that economics is the science of wealth ?
Question # 7
Who said that economics is positive science ?
Question # 8
Who said that economics is science of unlimited wants and limited means
Question # 9
Which is not studied in micro economics
Question # 10
Ceteris paribus means:
Question # 11
Who did name Economics as the science of mammon worship and dismal science
Question # 12
Founder of new classical school of thought was
Question # 13
Word of economics has been derived from "Oikonomos" which is word of the language
Question # 14
To describe as it is, after seeing and analyzing any event, is known as
Question # 15
Exact perdition not possible in:
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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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 -
A Arham Khan 09 - Jun - 2024 01 Min 35 Sec 13/15 -
L Lily 21 - Jan - 2026 02 Min 04 Sec 13/15 -
M Minahil Asif 04 - Jun - 2024 01 Min 33 Sec 12/15 -
Y Yahya Albalochi 01 - Nov - 2024 01 Min 44 Sec 12/15 -
A Abubaker 06 - Mar - 2026 02 Min 45 Sec 12/15 -
M Mehwish Mughal 01 - Nov - 2024 03 Min 10 Sec 12/15 -
K Khalid Mahmood 21 - Jul - 2024 04 Min 23 Sec 12/15 -
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 | Who said that economics is the science of wealth ? |
A. Adam Smith
B. Robbins
C. Marshall
D. Pigou
|
| 2 | Who said that economics is the science of material welfare ? |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
| 3 | Founder of classical school of thought was |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 4 | Who said that economics is neutural science ? |
A. Pigou
B. Keynes
C. Robbins
D. Marshall
|
| 5 | "General theory of employment, interest and money" was written in: |
A. 1930
B. 1936
C. 1932
D. 1890
|
| 6 | Who did write the book named "Principles of Economics" was written |
A. Adam smith
B. Marshall
C. Robbins
D. Cannon
|
| 7 | Behavior adopted on the basis of unlimited wants and limited means, is named |
A. Science
B. Art
C. Economics
D. Struggle
|
| 8 | Deductive method of deriving economic laws |
A. We move from general conditions to particular conditions
B. We move from particular conditions to general conditions
C. Stated in general way
D. Different incidents are kept in view
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| 9 | Which laws are framed by parliament |
A. State laws
B. Moral laws
C. Economic laws
D. Scientific laws
|
| 10 | 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
|
Test Questions