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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
According to Robbins, the basic concept of Economics is
Question # 2
The most clear and comprehensive definition of economics is given by
Question # 3
Methods to derive economic laws:
Question # 4
According to Neo Classical economists, Economics is science of
Question # 5
Who said that economics is science of unlimited wants and limited means
Question # 6
Economics is a science:
Question # 7
Meaning of Economics:
Question # 8
Who did name Economics as the science of mammon worship and dismal science
Question # 9
In which year the book named "Principles of Economics" was written
Question # 10
In which kind of economics, aggregate behaviors of the economy are reviewed
Question # 11
In which punishment is not applicable for the disobedience, the laws are
Question # 12
Study of large units of the economy is known as:
Question # 13
Study of large aggregated of economic system is called
Question # 14
Deductive method of economic study.
Question # 15
Of what nature state laws are
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
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ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Who did introduce Macro Economics |
A. Marshall
B. N.W. Senior
C. J.M. Keynes
D. Ricardo
|
| 2 | Economics according to its scope is: |
A. Science
B. Art
C. Science & Art
D. Only positive science
|
| 3 | Which side of life of human being is analysed in economics |
A. Political
B. Social
C. Economic
D. Moral
|
| 4 | In how many parts professor Adam smith divided his book "Wealth of nations" |
A. Two
B. Three
C. Four
D. Five
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| 5 | Walker, senior and Malthus belonged to school of thought |
A. Classical
B. Neo classical
C. Keynesian
D. None of these
|
| 6 | In macro economics, what kind of problems can be discussed |
A. International trade
B. Consumers behavior
C. Problems of a firm
D. Determination of price
|
| 7 | Ceteris paribus means: |
A. Other things remain the same
B. Assumptions of the law
C. Conditions of the law
D. All of them
|
| 8 | How many kinds are of positive economics |
A. Two
B. Three
C. Four
D. Five
|
| 9 | Study of small units of an economic system is called |
A. Micro economics
B. Macro economics
C. Applied economics
D. All the three
|
| 10 | State laws are of |
A. Regional nature
B. Country nature
C. International nature
D. Non of three
|
Test Questions
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