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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.

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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First Year Principles of Economics Chapter 1 Online MCQ Test for 1st Year Principles of Economics Chapter 1 (Definition of Economics)

Sr. # Questions Answers Choice
1 Inductive method of deriving economic laws
  • A. We move from general conditions to particulars conditions
  • B. We move from particular conditions to general conditions
  • C. Facts are stated in simple and easy way
  • D. Stated in general way
2 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
3 Methods of deriving economic laws are
  • A. Two
  • B. Three
  • C. Four
  • D. Five
4 Founder of modern school of thought:
  • A. Adam smith
  • B. Marshall
  • C. Ricardo
  • D. Robbins
5 How many kinds of science are
  • A. Two
  • B. Three
  • C. Four
  • D. Five
6 Who did give economics the status of positive science
  • A. Marshall
  • B. Robbins
  • C. Cannon
  • D. Pareto
7 Who said that economics is positive science ?
  • A. Adam smith
  • B. Marshall
  • C. Robbins
  • D. Keynes
8 The most clear and comprehensive definition of economics is given by
  • A. Adam Smith
  • B. Alfred Marshall
  • C. Robbins
  • D. A.C. Pigou
9 Who did separate economics from political science for the first time
  • A. Marshall
  • B. Malthus
  • C. Adam smith
  • D. Ricardo
10 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

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

F

Fozia Afzal

Lahore12 - Mar - 2024

14/15
04 Mins 57 Sec
M

Mahrukh Nawaz

Lahore31 - Mar - 2024

13/15
02 Mins 43 Sec
T

Tayyab Alli

Lahore01 - Mar - 2024

12/15
02 Mins 33 Sec
S

Shah Zaib Qamar

Lahore29 - Mar - 2024

12/15
08 Mins 34 Sec
A

Abeer

Lahore07 - Feb - 2024

11/15
01 Mins 38 Sec
A

Abeer

Lahore07 - Feb - 2024

11/15
02 Mins 57 Sec
M

Mahrukh Nawaz

Lahore31 - Mar - 2024

10/15
02 Mins 54 Sec

Faizan Bakhsh

Lahore30 - Jan - 2024

9/15
01 Mins 27 Sec
A

Abeer

Lahore07 - Feb - 2024

9/15
01 Mins 48 Sec
H

HASEEB Ali

Lahore01 - Mar - 2024

9/15
03 Mins 04 Sec
A

Arsal Ahmad

Lahore17 - Apr - 2024

9/15
04 Mins 02 Sec
H

HASEEB Ali

Lahore28 - Feb - 2024

8/15
56 Sec
H

HASEEB Ali

Lahore28 - Feb - 2024

8/15
56 Sec
H

HASEEB Ali

Lahore01 - Mar - 2024

8/15
01 Mins 32 Sec
F

Fozia Afzal

Lahore12 - Mar - 2024

8/15
02 Mins 57 Sec

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