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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
The non-material activities which have the ability to satisfy human wants indirectly, are called
Question # 2
Which side of life of human being is analysed in economics
Question # 3
Founder of new classical school of thought was
Question # 4
Founder of neo-classical school of thought:
Question # 5
Economics according to its scope is:
Question # 6
Not acting upon economic laws
Question # 7
Micro economics studies related to
Question # 8
Exact perdition not possible in:
Question # 9
Which one is not included in macro economics
Question # 10
Who is called founder of modern school of thought
Question # 11
Study of small units of an economic system is called
Question # 12
Word of economics has been derived from "Oikonomos" which is word of the language
Question # 13
Economic problem arises due to:
Question # 14
The goods which are directly consumed by the human-being, are called
Question # 15
Meaning of Economics:
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 -
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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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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 | The science in which conditions and incidents are checked from a particular point of view, is called |
A. Positive science
B. Normative science
C. Social science
D. All of three
|
| 2 | Laws which reflect religion of society |
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws
|
| 3 | Who said that economics is science of unlimited wants and limited means |
A. Adam Smith
B. Marshall
C. Pigou
D. Robbins
|
| 4 | 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
|
| 5 | Who did separate economics from political science for the first time |
A. Marshall
B. Malthus
C. Adam smith
D. Ricardo
|
| 6 | Who did name economics as science of satisfying unlimited wants with limited means |
A. Marshal
B. Adam Smith
C. Robbins
D. Pigou
|
| 7 | How many kinds of science are |
A. Two
B. Three
C. Four
D. Five
|
| 8 | Which economist said that abundance of definitions has pressed the neck of economics |
A. Adam Smith
B. Robbins
C. Keynes
D. Pigou
|
| 9 | Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ? |
A. Adam Smith
B. Marshall
C. Robbins
D. Canon
|
| 10 | Points of Robbins definition are |
A. Two points
B. Four points
C. Economic points
D. Practical points
|
Test Questions