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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
Micro economics related to
Question # 2
According to Marshall, Economics is
Question # 3
"The nature and significance of economic sciences" was written by:
Question # 4
The non-material activities which have the ability to satisfy human wants indirectly, are called
Question # 5
Propounder of economics was
Question # 6
Inductive method represents:
Question # 7
The whom individuals Marshal included in definition of economics
Question # 8
Economics is a science
Question # 9
Which side of life of human being is analysed in economics
Question # 10
Who said that economics has the place of intellectual religion
Question # 11
Laws which reflect religion of society
Question # 12
Behavior adopted on the basis of unlimited wants and limited means, is named
Question # 13
Methods of deriving economic laws are
Question # 14
In macro economics, what kind of problems can be discussed
Question # 15
Adam Smith belongs to:
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.
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M Musa Aziz 07 - May - 2026 01 Min 28 Sec 15/15 -
S Sohaib Rana 26 - Jun - 2026 01 Min 59 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 -
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Y Yahya Albalochi 01 - Nov - 2024 01 Min 44 Sec 12/15 -
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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 | Deductive method of deriving economic laws |
A. We move from general conditions to particular conditions
B. We move from particular conditions to general conditions
C. Stated in general way
D. Different incidents are kept in view
|
| 2 | Laws cannot be predicted |
A. Scientific laws
B. Moral laws
C. Economic laws
D. Natural laws
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| 3 | 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
|
| 4 | "General theory of employment, interest and money" was written in: |
A. 1930
B. 1936
C. 1932
D. 1890
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| 5 | Propounder of economics was |
A. Robbins
B. Marshall
C. Adam smith
D. Keynes
|
| 6 | Who is the Founder of macro economics ? |
A. Marshall
B. Malthus
C. Adam smith
D. Keynes
|
| 7 | Inductive method represents: |
A. General to particular
B. Particular to general
C. Normative science
D. Economic planning
|
| 8 | Meaning of Economics: |
A. State management
B. Trade management
C. Household management
D. All of them
|
| 9 | "The nature and significance of economic sciences" was written by: |
A. Adam smith
B. Marshall
C. Robbins
D. Canon
|
| 10 | To which area of England Adam Smith belonged |
A. Wales
B. Scotland
C. Ireland
D. London
|
Test Questions
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