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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
Which economist said that abundance of definitions has pressed the neck of economics
Question # 2
The goods which are directly consumed by the human-being, are called
Question # 3
State laws are of
Question # 4
Who did write the book named "Principles of Economics" was written
Question # 5
Founder of Classical school of thought was:
Question # 6
Who said that economics is positive science
Question # 7
The science in which conditions and incidents are checked from a particular point of view, is called
Question # 8
Behavior adopted on the basis of unlimited wants and limited means, is named
Question # 9
The subject matter of Macro Economics is
Question # 10
Who said that economics is the science of wealth ?
Question # 11
Cannon,. Pigou and Pareto belonged to school of thought
Question # 12
To derive economic laws deductive method was adopted by
Question # 13
"The nature of significance economics sciences" was written in:
Question # 14
Word of economics has been derived from "Oikonomos" which is word of the language
Question # 15
Which economist did name economics as neutral science
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.
Top Scorers Of Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test" MCQ`s Test
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M Musa Aziz 07 - May - 2026 01 Min 28 Sec 15/15 -
S Sohaib Rana 26 - Jun - 2026 01 Min 59 Sec 15/15 -
A Abdullah Aslam 06 - Aug - 2024 00 Min 04 Sec 14/15 -
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A Adeeba Aslam 07 - Aug - 2024 01 Min 42 Sec 14/15 -
H HarFar 20 - Jul - 2024 02 Min 10 Sec 14/15 -
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 | Who is father of economics |
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
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| 2 | Economics according to its scope is: |
A. Science
B. Art
C. Science & Art
D. Only positive science
|
| 3 | Economics studies human behaviour from |
A. Individual angle
B. Collective angle
C. Individual & Collective angle
D. None
|
| 4 | Who did name economics as science of satisfying unlimited wants with limited means |
A. Marshal
B. Adam Smith
C. Robbins
D. Pigou
|
| 5 | Economic problem arises because human wants |
A. Are unlimited
B. Are limited
C. Do not exists
D. None of three
|
| 6 | Economic laws are: |
A. Definite and universal
B. Conditional
C. Moral
D. Political
|
| 7 | 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
|
| 8 | "General theory of employment, interest and money" was written by: |
A. Robbins
B. Pigou
C. Keynes
D. Canon
|
| 9 | Micro economics studies related to |
A. National income
B. Unemployment
C. Trade cycle
D. Consumer's behavior
|
| 10 | Deductive method of deriving economic laws |
A. We move from general conditions to particular conditions
B. We move from particular conditions to general conditions
C. Stated in general way
D. Different incidents are kept in view
|
Test Questions