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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
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
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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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test
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Question # 1
Economics is a science which studies.
Question # 2
Economics according to its scope is:
Question # 3
Methods of deriving economic laws are
Question # 4
Which economist introduced economics as a science for the first time
Question # 5
Which laws are framed by parliament
Question # 6
Who did separate economics from political science for the first time
Question # 7
Study of small units of an economic system is called
Question # 8
Meaning of Economics:
Question # 9
State laws are of
Question # 10
Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?
Question # 11
Who said that economics is neutural science ?
Question # 12
Study of small units of the economoy is known is:
Question # 13
Deductive method of economic study.
Question # 14
Founder of new classical school of thought was
Question # 15
Who is father of economics
Prepare Complete Set Wise Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers
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
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W Wasif Mehmood 01 - Nov - 2024 00 Min 12 Sec 15/15 -
M Musa Aziz 07 - May - 2026 01 Min 28 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 -
A Arham Khan 09 - Jun - 2024 01 Min 35 Sec 13/15 -
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 | Word of economics has been derived from "Oikonomos" which is word of the language |
A. French
B. Latin
C. Russian
D. None of them
|
| 2 | Walker, senior and Malthus belonged to school of thought |
A. Classical
B. Neo classical
C. Keynesian
D. None of these
|
| 3 | Which characteristic is not found in economic laws |
A. Not quantitative
B. Cannot be predicted
C. No punishment in case of going against law
D. Definite and universal
|
| 4 | Which economist did present the concept of macro economics |
A. Adam Smith
B. Marshall
C. Pigou
D. Keynes
|
| 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 | Laws cannot be predicted |
A. Scientific laws
B. Moral laws
C. Economic laws
D. Natural laws
|
| 7 | Which is not studied in macro economics |
A. National income
B. Money and banking
C. Price theory
D. Public finance
|
| 8 | The most clear and comprehensive definition of economics is given by |
A. Adam Smith
B. Alfred Marshall
C. Robbins
D. A.C. Pigou
|
| 9 | 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
|
| 10 | Founder of modern school of thought: |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
Test Questions
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