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

Who said that economics is normative science ?

Question # 2

Propounder of economics was

Question # 3

Which laws are conditional

Question # 4

Who did separate economics from political science for the first time

Question # 5

Which one is not included in macro economics

Question # 6

"The nature and significance of economic sciences" was written by:

Question # 7

When was professor Robbins book "Nature and importance of economics" written

Question # 8

Economics studies human behaviour from

Question # 9

Economic problem arises because human wants

Question # 10

Who said that economics is neutural science ?

Question # 11

Methods to derive economic laws:

Question # 12

Laws cannot be predicted

Question # 13

Study of large units of the economy is known as:

Question # 14

Economic laws are:

Question # 15

"Principles of Economics" was written in:

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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 Ceteris paribus means:
A. Other things remain the same
B. Assumptions of the law
C. Conditions of the law
D. All of them
2 Who did separate economics from political science for the first time
A. Marshall
B. Malthus
C. Adam smith
D. Ricardo
3 Who is called founder of modern school of thought
A. Robbins
B. Cannon
C. Keynes
D. Malthus
4 Inductive method represents:
A. General to particular
B. Particular to general
C. Normative science
D. Economic planning
5 Economics is concerned with the attainment of material requisites
A. Robbins
B. Marshall
C. Pareto
D. Senior
6 Who is father of economics
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
7 "The nature of significance economics sciences" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
8 Who said that economics has the place of intellectual religion
A. Cannon
B. Pigou
C. Durban
D. Robbins
9 Who did write 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 Which is not studied in macro economics ?
A. National income
B. Money and banking
C. Consumer's behavior
D. Public finance

Test Questions