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

  • Time Allowed20

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

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Question # 1

To which area of England Adam Smith belonged

Question # 2

The goods which are directly consumed by the human-being, are called

Question # 3

Study of large aggregated of economic system is called

Question # 4

Study of small units of an economic system is called

Question # 5

Who said that economics is the science of wealth ?

Question # 6

Economic laws are:

Question # 7

Inductive method of deriving economic laws

Question # 8

Who did separate economics from political science for the first time

Question # 9

Economics is a science:

Question # 10

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

Question # 11

Founder of new classical school of thought was

Question # 12

Which economist is called Aristotal of economics

Question # 13

Who said that economics is science of wealth

Question # 14

New classical economist is

Question # 15

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

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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 said that economics is positive science
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
2 "General theory of employment, interest and money" was written by:
A. Robbins
B. Pigou
C. Keynes
D. Canon
3 Who did criticise the definition of Robbins
A. Marshall
B. J.B. Clark
C. Beveridge
D. Pigou
4 To describe as it is, after seeing and analyzing any event, is known as
A. Normative science
B. Positive science
C. Biological science
D. For casting science
5 Who did say that Economics is science of material welfare
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
6 In how many parts professor Adam smith divided his book "Wealth of nations"
A. Two
B. Three
C. Four
D. Five
7 Which side of life of human being is analysed in economics
A. Political
B. Social
C. Economic
D. Moral
8 In which punishment is not applicable for the disobedience, the laws are
A. Moral laws
B. Laws of state
C. Political laws
D. Economic laws
9 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
10 Founder of neo-classical school of thought:
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes

Test Questions

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