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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
The whom individuals Marshal included in definition of economics
Question # 2
Economics according to its scope is
Question # 3
Founder of classical school of thought was
Question # 4
Exact perdition not possible in:
Question # 5
Study of large aggregated of economic system is called
Question # 6
The conditions which are essentially kept constant for the application of economic laws, are called
Question # 7
Inductive method of deriving economic laws
Question # 8
The science in which conditions and incidents are checked from a particular point of view, is called
Question # 9
Who did name economics as science of satisfying unlimited wants with limited means
Question # 10
Adam Smith belongs to:
Question # 11
"General theory of employment, interest and money" was written by:
Question # 12
In which kind of economics, aggregate behaviors of the economy are reviewed
Question # 13
The subject matter of Macro Economics is
Question # 14
In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written
Question # 15
Behavior adopted on the basis of unlimited wants and limited means, is named
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 -
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 -
L Lily 21 - Jan - 2026 02 Min 04 Sec 13/15 -
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 | 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
|
| 2 | 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
|
| 3 | Who said that you can not become good citizen if you have no economist with you |
A. Marshall
B. Pigou
C. Keynes
D. Voton
|
| 4 | Founder of classical school of thought was |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 5 | Economics is a science |
A. Political
B. Spiritual
C. Social
D. Scientific
|
| 6 | Factors of production are: |
A. Two
B. Three
C. Four
D. Five
|
| 7 | "The nature and significance of economic sciences" was written by: |
A. Adam smith
B. Marshall
C. Robbins
D. Canon
|
| 8 | Which one is not studied in micro economic |
A. National income
B. Consumer behavior
C. Market equilibrium
D. Firm's equilibrium
|
| 9 | In which kind of economics, aggregate behaviors of the economy are reviewed |
A. Theoretical
B. Applied
C. Micro
D. Macro
|
| 10 | To describe as it is, after seeing and analyzing any event, is known as |
A. Normative science
B. Positive science
C. Biological science
D. For casting science
|
Test Questions
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