First Year Principles of Economics Chapter 1 Online MCQ Test for 1st Year Principles of Economics Chapter 1 (Definition of Economics)

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
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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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Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test

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Question # 1

In which year the book named "Principles of Economics" was written

Question # 2

In how many parts professor Adam smith divided his book "Wealth of nations"

Question # 3

Who did name economics as science of satisfying unlimited wants with limited means

Question # 4

Which economist is called Aristotal of economics

Question # 5

Deductive method of deriving economic laws

Question # 6

In which year Kenyens wrote his book "General theory of employment, interest and money

Question # 7

Economic law are made by:

Question # 8

Who did write the book named "An enquiry into the nature and causes of the wealth of nations"

Question # 9

Which is not studied in micro economics

Question # 10

Marshall belonged to the country

Question # 11

According to Marshall, Economics is

Question # 12

Study of small units of an economic system is called

Question # 13

Who said that you can not become good citizen if you have no economist with you

Question # 14

Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?

Question # 15

Economic laws are

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11th Principle of Economics Chapter 1 Test

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ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's

Sr.# Question Answer
1 Of what nature state laws are
A. Local
B. Regional
C. National
D. International
2 New classical economist is
A. Robbins
B. Malthus
C. Marshall
D. Adam Smith
3 According to Neo Classical economists, Economics is science of
A. Scarcity of means
B. Material welfare
C. Wealth
D. Unlimited wants
4 Economics is a science
A. Political
B. Spiritual
C. Social
D. Scientific
5 Deductive method of economic study.
A. Systematic
B. General to particular
C. Universal to particular
D. Both (b) and (c)
6 Which laws are framed by parliament
A. State laws
B. Moral laws
C. Economic laws
D. Scientific laws
7 Who said that you can not become good citizen if you have no economist with you
A. Marshall
B. Pigou
C. Keynes
D. Voton
8 Economic laws are
A. Definite and universal
B. Of Conditional nature
C. Of moral nature
D. Of political nature
9 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
10 Who did name economics as science of satisfying unlimited wants with limited means
A. Marshal
B. Adam Smith
C. Robbins
D. Pigou

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