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 write the book named "Principles of Economics" was written

Question # 2

The conditions which are essentially kept constant for the application of economic laws, are called

Question # 3

According to Neo Classical economists, Economics is science of

Question # 4

Who said that economics is the science of material welfare ?

Question # 5

Are included in welfare economist

Question # 6

Who said that economics has the place of intellectual religion

Question # 7

Meaning of Economics:

Question # 8

Which economist introduced economics as a science for the first time

Question # 9

Economics is a science:

Question # 10

In which year Kenyens wrote his book "General theory of employment, interest and money

Question # 11

The subject matter of Macro Economics is

Question # 12

Who did say that Economics is science of material welfare

Question # 13

Micro economics related to

Question # 14

Who is called founder of modern school of thought

Question # 15

Which economist did present the concept of 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 did write the book named "Nature and importance of economics"
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
2 Of what nature state laws are
A. Local
B. Regional
C. National
D. International
3 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
4 Economics is a science
A. Political
B. Spiritual
C. Social
D. Scientific
5 Economic point of view of the supporters of which school of thought is the name of feeling and mental state
A. Classical
B. Neo classical
C. Ancient
D. Modern
6 Who said that economics is the science of material welfare ?
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
7 Economics is basically divided into two parts
A. Micro and macro economics
B. Micro and applied economics
C. Theoretical and applied economics
D. Welfare and applied economics
8 Economics according to its scope is:
A. Science
B. Art
C. Science & Art
D. Only positive science
9 Who did name economics as science of satisfying unlimited wants with limited means
A. Marshal
B. Adam Smith
C. Robbins
D. Pigou
10 In which year the book named "Principles of Economics" was written
A. 1805
B. 1890
C. 1903
D. 1915

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