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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
Behavior adopted on the basis of unlimited wants and limited means, is named
Question # 2
Economic problem arises due to:
Question # 3
Founder of neo-classical school of thought:
Question # 4
State laws are of
Question # 5
Which economist said that, economics cannot be separated from spiritual values?
Question # 6
Who did write the book named "General theory of employment, interest and money"
Question # 7
Founder of modern school of thought:
Question # 8
Study of small units of the economoy is known is:
Question # 9
Economic laws are:
Question # 10
In how many parts professor Adam smith divided his book "Wealth of nations"
Question # 11
Who said that economics is the science of material welfare ?
Question # 12
Which side of life of human being is analysed in economics
Question # 13
To derive economic laws inductive method was adopted by
Question # 14
In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written
Question # 15
Which book is named "Bible of Capitalism"
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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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 did name Economics as the science of mammon worship and dismal science |
A. Marshall
B. Keynes
C. John Ruskin & Carlyle
D. Pigou
|
| 2 | Ceteris paribus means: |
A. Other things remain the same
B. Assumptions of the law
C. Conditions of the law
D. All of them
|
| 3 | Who said that economics is positive science |
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
|
| 4 | When was professor Robbins book "Nature and importance of economics" written |
A. 1915
B. 1932
C. 1934
D. 1937
|
| 5 | Meaning of Economics: |
A. State management
B. Trade management
C. Household management
D. All of them
|
| 6 | Writing of the same behavior of the people in particular arrangement and words is called |
A. Normative science
B. Positive science
C. Economic law
D. Scientific law
|
| 7 | Founder of classical school of thought was |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 8 | 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
|
| 9 | "Principles of Economics" was written by. |
A. Adam smith
B. Marshall
C. Robbins
D. Canon
|
| 10 | "General theory of employment, interest and money" was written by: |
A. Robbins
B. Pigou
C. Keynes
D. Canon
|
Test Questions
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