First Year Principles of Economics Chapter 1 Online MCQ Test for 1st Year Principles of Economics Chapter 1 (Definition of Economics)

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
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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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Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test

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Question # 1

In which year Kenyens wrote his book "General theory of employment, interest and money

Question # 2

"Principles of Economics" was written in:

Question # 3

Who said that economics is the science of material welfare ?

Question # 4

Which side of life of human being is analysed in economics

Question # 5

"The nature of significance economics sciences" was written in:

Question # 6

Economics according to its scope is:

Question # 7

"General theory of employment, interest and money" was written by:

Question # 8

Which economist is called Aristotal of economics

Question # 9

Walker, senior and Malthus belonged to school of thought

Question # 10

Which is not studied in macro economics

Question # 11

Which statement is called subject matter of economics

Question # 12

Who said that you can not become good citizen if you have no economist with you

Question # 13

Ceteris paribus means:

Question # 14

Economics studies human behaviour from

Question # 15

According to Robbins, the basic concept of Economics is

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11th Principle of Economics Chapter 1 Test

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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 Study of small units of the economoy is known is:
A. Micro economics
B. Macro economics
C. Applied economics
D. All of them
3 Which economist did name economics as neutral science
A. Pigou
B. Keynes
C. Robbins
D. Marshall
4 Founder of modern school of thought:
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
5 Economic laws are:
A. Definite and universal
B. Conditional
C. Moral
D. Political
6 Methods to derive economic laws:
A. One
B. Two
C. Three
D. Four
7 The goods which are directly consumed by the human-being, are called
A. Consumer goods
B. Capital goods
C. Industrial goods
D. None of the three
8 How many are kinds of economics
A. Two
B. Three
C. Four
D. Five
9 Who said that economics is normative science ?
A. Keynes
B. Robbins
C. Marshall
D. Rocher
10 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

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