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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 nature and significance of economic sciences" was written by:
Question # 2
The conditions which are essentially kept constant for the application of economic laws, are called
Question # 3
Economics is a science
Question # 4
"Principles of Economics" was written by.
Question # 5
Word of economics has been derived from "Oikonomos" which is word of the language
Question # 6
Study of small units of the economoy is known is:
Question # 7
Who said that economics is science of wealth
Question # 8
State laws are of
Question # 9
Which book is named "Bible of Capitalism"
Question # 10
Who did criticise the definition of Robbins
Question # 11
Deductive method of deriving economic laws
Question # 12
According to Neo Classical economists, Economics is science of
Question # 13
Micro economics related to
Question # 14
Marshall belonged to the country
Question # 15
Adam Smith belongs to:
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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A Abdullah Aslam 06 - Aug - 2024 00 Min 04 Sec 14/15 -
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M Mehwish Mughal 01 - Nov - 2024 03 Min 10 Sec 12/15 -
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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 | Which characteristic is not found in economic laws |
A. Not quantitative
B. Cannot be predicted
C. No punishment in case of going against law
D. Definite and universal
|
| 2 | Who said that economics is neutural science ? |
A. Pigou
B. Keynes
C. Robbins
D. Marshall
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| 3 | Economics according to its scope is |
A. Science
B. Art
C. Science & Art
D. Only positive science
|
| 4 | Founder of new classical school of thought was |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
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| 5 | Micro economics related to |
A. International trade
B. Behavior of firm
C. National income
D. Personal income
|
| 6 | Founder of modern school of thought: |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
| 7 | 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
|
| 8 | In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written |
A. 1696
B. 1776
C. 1803
D. 1825
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| 9 | Economic problem arises because human wants |
A. Are unlimited
B. Are limited
C. Do not exists
D. None of three
|
| 10 | Economics is concerned with the attainment of material requisites |
A. Robbins
B. Marshall
C. Pareto
D. Senior
|
Test Questions