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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
Micro economics related to
Question # 2
Which laws are definite and universal
Question # 3
When was professor Robbins book "Nature and importance of economics" written
Question # 4
Study of small units of the economoy is known is:
Question # 5
Laws cannot be predicted
Question # 6
Study of large aggregated of economic system is called
Question # 7
Inductive method represents:
Question # 8
The conditions which are essentially kept constant for the application of economic laws, are called
Question # 9
How many kinds of science are
Question # 10
Methods of deriving economic laws are
Question # 11
In how many parts professor Adam smith divided his book "Wealth of nations"
Question # 12
Adam Smith belongs to:
Question # 13
In macro economics, what kind of problems can be discussed
Question # 14
The whom individuals Marshal included in definition of economics
Question # 15
"General theory of employment, interest and money" was written in:
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 -
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A Adeeba Aslam 07 - Aug - 2024 01 Min 42 Sec 14/15 -
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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 | Economic law are made by: |
A. Govt.
B. Courts
C. Parliament
D. Behaviour of the people
|
| 2 | Laws which reflect religion of society |
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws
|
| 3 | Which is not studied in macro economics |
A. National income
B. Money and banking
C. Price theory
D. Public finance
|
| 4 | State laws are of |
A. Regional nature
B. Country nature
C. International nature
D. Non of three
|
| 5 | Who said that economics is the science of material welfare ? |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
| 6 | In how many parts professor Adam smith divided his book "Wealth of nations" |
A. Two
B. Three
C. Four
D. Five
|
| 7 | The most clear and comprehensive definition of economics is given by |
A. Adam Smith
B. Alfred Marshall
C. Robbins
D. A.C. Pigou
|
| 8 | When after the observation and analysis of the conditions, they are stated as they are, is called |
A. Normative science
B. Positive science
C. Vegetation science
D. Science of Prediction
|
| 9 | Study of small units of the economoy is known is: |
A. Micro economics
B. Macro economics
C. Applied economics
D. All of them
|
| 10 | How many are kinds of theoretical economics |
A. Two
B. Three
C. Four
D. Five
|
Test Questions
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