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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
00:00
Question # 1
Founder of neo-classical school of thought:
Question # 2
Factors of production are:
Question # 3
Laws cannot be predicted
Question # 4
The most clear and comprehensive definition of economics is given by
Question # 5
"The nature of significance economics sciences" was written in:
Question # 6
Who said that economics is neutural science ?
Question # 7
Founder of modern school of thought:
Question # 8
Which laws are framed by parliament
Question # 9
Walker, senior and Malthus belonged to school of thought
Question # 10
Study of small units of an economic system is called
Question # 11
State laws are of
Question # 12
Who did write the book named "Principles of Economics" was written
Question # 13
Ceteris paribus means:
Question # 14
Who is called founder of modern school of thought
Question # 15
"General theory of employment, interest and money" was written by:
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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W Wasif Mehmood 01 - Nov - 2024 00 Min 12 Sec 15/15 -
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 -
U Usva Azam 28 - Jun - 2024 01 Min 40 Sec 14/15 -
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 -
L Lily 21 - Jan - 2026 02 Min 04 Sec 13/15 -
Y Yahya Albalochi 01 - Nov - 2024 01 Min 44 Sec 12/15 -
A Abubaker 06 - Mar - 2026 02 Min 45 Sec 12/15 -
M Mehwish Mughal 01 - Nov - 2024 03 Min 10 Sec 12/15 -
K Khalid Mahmood 21 - Jul - 2024 04 Min 23 Sec 12/15 -
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 | Economic problem arises due to: |
A. Unlimited wants
B. Limited resources
C. Resources have alternative use
D. All of them
|
| 2 | Which book is named "Bible of Capitalism" |
A. Wealth of nations
B. Das capital
C. Principles of economics
D. General theory of employment, interest and money
|
| 3 | Word of economics has been derived from "Oikonomos" which is word of the language |
A. French
B. Latin
C. Russian
D. None of them
|
| 4 | Founder of Classical school of thought was: |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 5 | Who did write the book named "Nature and importance of economics" |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 6 | 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
|
| 7 | Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ? |
A. Adam Smith
B. Marshall
C. Robbins
D. Canon
|
| 8 | Founder of modern school of thought: |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
| 9 | Micro economics related to |
A. International trade
B. Behavior of firm
C. National income
D. Personal income
|
| 10 | Meaning of Economics: |
A. State management
B. Trade management
C. Household management
D. All of them
|
Test Questions
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