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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
00:00
Question # 1
In which punishment is not applicable for the disobedience, the laws are
Question # 2
Study of small units of an economic system is called
Question # 3
"The nature of significance economics sciences" was written in:
Question # 4
Economics studies human behaviour from
Question # 5
Who did name Economics as the science of mammon worship and dismal science
Question # 6
Who did write the book named "Nature and importance of economics"
Question # 7
Founder of classical school of thought was
Question # 8
Who said that economics is the science of wealth ?
Question # 9
Which is not studied in micro economics
Question # 10
To which area of England Adam Smith belonged
Question # 11
Who said that economics is neutural science ?
Question # 12
Inductive method of deriving economic laws
Question # 13
Which economist did present the concept of macro economics
Question # 14
According to Neo Classical economists, Economics is science of
Question # 15
Which is not studied in micro 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 -
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 -
A Arham Khan 09 - Jun - 2024 01 Min 35 Sec 13/15 -
L Lily 21 - Jan - 2026 02 Min 04 Sec 13/15 -
S Sania Butt 29 - May - 2024 02 Min 39 Sec 13/15 -
M Minahil Asif 04 - Jun - 2024 01 Min 33 Sec 12/15 -
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 | In which punishment is not applicable for the disobedience, the laws are |
A. Moral laws
B. Laws of state
C. Political laws
D. Economic laws
|
| 2 | Economic problem arises because human wants |
A. Are unlimited
B. Are limited
C. Do not exists
D. None of three
|
| 3 | Economic problem arises due to: |
A. Unlimited wants
B. Limited resources
C. Resources have alternative use
D. All of them
|
| 4 | Adam Smith belongs to: |
A. Poland
B. Scotland
C. Ireland
D. Holland
|
| 5 | The conditions which are essentially kept constant for the application of economic laws, are called |
A. Changes
B. Assumptions
C. Limitations
D. Theories
|
| 6 | Study of large aggregated of economic system is called |
A. Micro economics
B. Macro economics
C. Applied economics
D. All the three
|
| 7 | "The nature of significance economics sciences" was written in: |
A. 1930
B. 1936
C. 1932
D. 1890
|
| 8 | According to Marshall, Economics is |
A. Social Science
B. Correcting science
C. Positive science
D. Moral science
|
| 9 | Behavior adopted on the basis of unlimited wants and limited means, is named |
A. Science
B. Art
C. Economics
D. Struggle
|
| 10 | Who said that economics is the science of material welfare ? |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
Test Questions