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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
The subject matter of Macro Economics is
Question # 2
Study of large units of the economy is known as:
Question # 3
To derive economic laws deductive method was adopted by
Question # 4
Which statement is called subject matter of economics
Question # 5
Behavior adopted on the basis of unlimited wants and limited means, is named
Question # 6
Cannon,. Pigou and Pareto belonged to school of thought
Question # 7
According to Marshall, Economics is
Question # 8
In macro economics, what kind of problems can be discussed
Question # 9
In which year the book named "Principles of Economics" was written
Question # 10
Who did give economics the status of positive science
Question # 11
Economic laws are:
Question # 12
Who did write the book named "General theory of employment, interest and money
Question # 13
Which book is named "Bible of Capitalism"
Question # 14
State laws are of
Question # 15
Study of small units of the economoy is known is:
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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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 -
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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 -
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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 | Which laws are conditional |
A. State
B. Economic
C. Scientific
D. Moral
|
| 2 | In which kind of economics, aggregate behaviors of the economy are reviewed |
A. Theoretical
B. Applied
C. Micro
D. Macro
|
| 3 | According to Neo Classical economists, Economics is science of |
A. Scarcity of means
B. Material welfare
C. Wealth
D. Unlimited wants
|
| 4 | Behavior adopted on the basis of unlimited wants and limited means, is named |
A. Science
B. Art
C. Economics
D. Struggle
|
| 5 | Economics is a science which studies. |
A. Production of wealth only
B. Consumption of wealth only
C. Optimum use of scare resources
D. Welfare only
|
| 6 | Who said that economics is positive science ? |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 7 | Study of small units of the economoy is known is: |
A. Micro economics
B. Macro economics
C. Applied economics
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 | Methods of deriving economic laws are |
A. Two
B. Three
C. Four
D. Five
|
| 10 | Who did write the book named "Nature and importance of economics" |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
Test Questions