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"

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

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Question # 1

Who said that economics is positive science

Question # 2

Micro economics studies related to:

Question # 3

Which economist is called Aristotal of economics

Question # 4

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

Question # 5

Walker, senior and Malthus belonged to school of thought

Question # 6

According to Robbins, the basic concept of Economics is

Question # 7

Not acting upon economic laws

Question # 8

Which is not studied in macro economics ?

Question # 9

Economic problem arises because human wants

Question # 10

Which laws are conditional

Question # 11

Which laws are definite and universal

Question # 12

Who did name economics as science of satisfying unlimited wants with limited means

Question # 13

Who said that economics is science of unlimited wants and limited means

Question # 14

Who did write the book named "General theory of employment, interest and money"

Question # 15

Who said that economics is science of wealth

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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 Which economist said that abundance of definitions has pressed the neck of economics
A. Adam Smith
B. Robbins
C. Keynes
D. Pigou
2 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
3 The science in which conditions and incidents are checked from a particular point of view, is called
A. Positive science
B. Normative science
C. Social science
D. All of three
4 Who is father of economics
A. Marshall
B. Malthus
C. Adam smith
D. Cannon
5 Word of economics has been derived from "Oikonomos" which is word of the language
A. French
B. Latin
C. Russian
D. None of them
6 Who did criticise the definition of Robbins
A. Marshall
B. J.B. Clark
C. Beveridge
D. Pigou
7 Which laws are framed by parliament
A. State laws
B. Moral laws
C. Economic laws
D. Scientific laws
8 Laws which reflect religion of society
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws
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 Are included in welfare economist
A. Ricardo and J.S. Mill
B. Robbins and Keynes
C. Cannon and Pigou
D. Malthus and Keynes

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