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"

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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 most clear and comprehensive definition of economics is given by

Question # 3

According to Robbins, the basic concept of Economics is

Question # 4

Which statement is called subject matter of economics

Question # 5

Methods of deriving economic laws are

Question # 6

"The nature and significance of economic sciences" was written by:

Question # 7

To derive economic laws deductive method was adopted by

Question # 8

Who did name Economics as the science of mammon worship and dismal science

Question # 9

Marshall belonged to the country

Question # 10

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

Question # 11

Who said that you can not become good citizen if you have no economist with you

Question # 12

Economic law are made by:

Question # 13

Economic problem arises because human wants

Question # 14

"Principles of Economics" was written in:

Question # 15

How many kinds of science are

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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 laws are:
A. Definite and universal
B. Conditional
C. Moral
D. Political
2 "General theory of employment, interest and money" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
3 Which economist did name economics as neutral science
A. Pigou
B. Keynes
C. Robbins
D. Marshall
4 Who said that economics is normative science ?
A. Keynes
B. Robbins
C. Marshall
D. Rocher
5 Who did introduce Macro Economics
A. Marshall
B. N.W. Senior
C. J.M. Keynes
D. Ricardo
6 Who said that economics is science of unlimited wants and limited means
A. Adam Smith
B. Marshall
C. Pigou
D. Robbins
7 When after the observation and analysis of the conditions, they are stated as they are, is called
A. Normative science
B. Positive science
C. Vegetation science
D. Science of Prediction
8 Which laws are framed by parliament
A. State laws
B. Moral laws
C. Economic laws
D. Scientific laws
9 Not acting upon economic laws
A. One gets punishment
B. Economy faces loss
C. Only the people not acting, face loss
D. No one is influenced
10 Founder of new classical school of thought was
A. Adam smith
B. Marshall
C. Robbins
D. Keynes

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