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

The whom individuals Marshal included in definition of economics

Question # 2

Which one is not studied in micro economic

Question # 3

According to Marshall, Economics is

Question # 4

Founder of new classical school of thought was

Question # 5

"General theory of employment, interest and money" was written by:

Question # 6

In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written

Question # 7

Who said that economics has the place of intellectual religion

Question # 8

Ceteris paribus means:

Question # 9

Economics is a science:

Question # 10

Factors of production are:

Question # 11

In which punishment is not applicable for the disobedience, the laws are

Question # 12

State laws are of

Question # 13

Economics is concerned with the attainment of material requisites

Question # 14

Laws which reflect religion of society

Question # 15

Micro economics studies related to

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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 Economic law are made by:
A. Govt.
B. Courts
C. Parliament
D. Behaviour of the people
2 Which one is not included in macro economics
A. National income
B. Employment
C. Price
D. Investment
3 "The nature and significance of economic sciences" was written by:
A. Adam smith
B. Marshall
C. Robbins
D. Canon
4 Economic problem arises because human wants
A. Are unlimited
B. Are limited
C. Do not exists
D. None of three
5 Adam Smith belongs to:
A. Poland
B. Scotland
C. Ireland
D. Holland
6 Who said that economics is science of unlimited wants and limited means
A. Adam Smith
B. Marshall
C. Pigou
D. Robbins
7 Which economist introduced economics as a science for the first time
A. Adam Smith
B. Robbins
C. Marshall
D. Pigou
8 Who did give economics the status of positive science
A. Marshall
B. Robbins
C. Cannon
D. Pareto
9 Points of Robbins definition are
A. Two points
B. Four points
C. Economic points
D. Practical points
10 Which laws are framed by parliament
A. State laws
B. Moral laws
C. Economic laws
D. Scientific laws

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