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

Ceteris paribus means:

Question # 2

The non-material activities which have the ability to satisfy human wants indirectly, are called

Question # 3

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

Question # 4

How many kinds of science are

Question # 5

Economic laws are:

Question # 6

Which economist did present the concept of macro economics

Question # 7

Micro economics studies related to:

Question # 8

Which is not studied in micro economics

Question # 9

Which one is not studied in micro economic

Question # 10

Who said that economics has the place of intellectual religion

Question # 11

Which laws are conditional

Question # 12

Which statement is called subject matter of economics

Question # 13

Factors of production are:

Question # 14

Which is not studied in macro economics ?

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 In how many parts professor Adam smith divided his book "Wealth of nations"
A. Two
B. Three
C. Four
D. Five
2 To which area of England Adam Smith belonged
A. Wales
B. Scotland
C. Ireland
D. London
3 Who said that economics is positive science
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
4 Founder of neo-classical school of thought:
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
5 When was professor Robbins book "Nature and importance of economics" written
A. 1915
B. 1932
C. 1934
D. 1937
6 Who is called founder of modern school of thought
A. Robbins
B. Cannon
C. Keynes
D. Malthus
7 According to Neo Classical economists, Economics is science of
A. Scarcity of means
B. Material welfare
C. Wealth
D. Unlimited wants
8 Who did name Economics as the science of mammon worship and dismal science
A. Marshall
B. Keynes
C. John Ruskin & Carlyle
D. Pigou
9 "General theory of employment, interest and money" was written by:
A. Robbins
B. Pigou
C. Keynes
D. Canon
10 Methods of deriving economic laws are
A. Two
B. Three
C. Four
D. Five

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