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
ic

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

00:00
Question # 1

To which area of England Adam Smith belonged

Question # 2

Meaning of Economics:

Question # 3

Which is not studied in macro economics ?

Question # 4

Which economist is called Aristotal of economics

Question # 5

Economics according to its scope is:

Question # 6

Which one is not included in macro economics

Question # 7

Founder of new classical school of thought was

Question # 8

The science in which conditions and incidents are checked from a particular point of view, is called

Question # 9

How many kinds are of positive economics

Question # 10

Which laws are conditional

Question # 11

Factors of production are:

Question # 12

How many kinds of science are

Question # 13

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

Question # 14

Inductive method represents:

Question # 15

Economic laws are

Prepare Complete Set Wise Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

00:00

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

  • 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 Methods to derive economic laws:
A. One
B. Two
C. Three
D. Four
2 Which one is not studied in micro economic
A. National income
B. Consumer behavior
C. Market equilibrium
D. Firm's equilibrium
3 Who is father of economics
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
4 "General theory of employment, interest and money" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
5 Cannon,. Pigou and Pareto belonged to school of thought
A. Classical
B. Neo classical
C. Keynesian
D. None of these
6 Who did criticise the definition of Robbins
A. Marshall
B. J.B. Clark
C. Beveridge
D. Pigou
7 Marshall belonged to the country
A. America
B. England
C. France
D. Japan
8 Deductive method of deriving economic laws
A. We move from general conditions to particular conditions
B. We move from particular conditions to general conditions
C. Stated in general way
D. Different incidents are kept in view
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 New classical economist is
A. Robbins
B. Malthus
C. Marshall
D. Adam Smith

Test Questions