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"

  • Total Questions15

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

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Question # 1

Who did say that Economics is science of material welfare

Question # 2

Which characteristic is not found in economic laws

Question # 3

Word of economics has been derived from "Oikonomos" which is word of the language

Question # 4

Who did write the book named "Nature and importance of economics"

Question # 5

Methods of deriving economic laws are

Question # 6

Factors of production are:

Question # 7

Who said that economics is positive science ?

Question # 8

Founder of Classical school of thought was:

Question # 9

Which side of life of human being is analysed in economics

Question # 10

Of what nature state laws are

Question # 11

Which is not studied in micro economics

Question # 12

Who did introduce Macro Economics

Question # 13

"Principles of Economics" was written by.

Question # 14

Laws which reflect religion of society

Question # 15

Which is not studied in macro economics ?

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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 Who is father of economics
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
2 Which economist introduced economics as a science for the first time
A. Adam Smith
B. Robbins
C. Marshall
D. Pigou
3 Writing of the same behavior of the people in particular arrangement and words is called
A. Normative science
B. Positive science
C. Economic law
D. Scientific law
4 Who did criticise the definition of Robbins
A. Marshall
B. J.B. Clark
C. Beveridge
D. Pigou
5 "Principles of Economics" was written by.
A. Adam smith
B. Marshall
C. Robbins
D. Canon
6 Who said that economics is positive science
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
7 The subject matter of Macro Economics is
A. Consumer's behavior
B. International trade
C. Firm's behavior
D. Price mechanism
8 Who said that economics has the place of intellectual religion
A. Cannon
B. Pigou
C. Durban
D. Robbins
9 Study of small units of the economoy is known is:
A. Micro economics
B. Macro economics
C. Applied economics
D. All of them
10 According to Robbins, the basic concept of Economics is
A. Political problem
B. Economic problem
C. Psychological problem
D. Religious problem

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