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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
To which area of England Adam Smith belonged
Question # 2
Inductive method of deriving economic laws
Question # 3
Who did write the book named "Principles of Economics" was written
Question # 4
Which characteristic is not found in economic laws
Question # 5
Who did name economics as science of satisfying unlimited wants with limited means
Question # 6
Economics according to its scope is
Question # 7
Economic problem arises due to:
Question # 8
Economics according to its scope is:
Question # 9
Which economist said that, economics cannot be separated from spiritual values?
Question # 10
Economic problem arises because human wants
Question # 11
Which laws are framed by parliament
Question # 12
State laws are of
Question # 13
Founder of neo-classical school of thought:
Question # 14
Economic point of view of the supporters of which school of thought is the name of feeling and mental state
Question # 15
Ceteris paribus means:
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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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 -
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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 -
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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 | Who said that economics is the science of material welfare ? |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
| 2 | The most clear and comprehensive definition of economics is given by |
A. Adam Smith
B. Alfred Marshall
C. Robbins
D. A.C. Pigou
|
| 3 | According to Neo Classical economists, Economics is science of |
A. Scarcity of means
B. Material welfare
C. Wealth
D. Unlimited wants
|
| 4 | Cannon,. Pigou and Pareto belonged to school of thought |
A. Classical
B. Neo classical
C. Keynesian
D. None of these
|
| 5 | Who did give economics the status of positive science |
A. Marshall
B. Robbins
C. Cannon
D. Pareto
|
| 6 | Economics is a science |
A. Political
B. Spiritual
C. Social
D. Scientific
|
| 7 | Meaning of Economics: |
A. State management
B. Trade management
C. Household management
D. All of them
|
| 8 | Which is not studied in micro economics ? |
A. Theory of consumer behaviour
B. Price theory
C. Theory of money
D. Theory of distribution of wealth
|
| 9 | Micro economics studies related to |
A. National income
B. Unemployment
C. Trade cycle
D. Consumer's behavior
|
| 10 | According to Marshall, Economics is |
A. Social Science
B. Correcting science
C. Positive science
D. Moral science
|
Test Questions
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