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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 nature and significance of economic sciences" was written by:
Question # 2
In which kind of economics, aggregate behaviors of the economy are reviewed
Question # 3
Not acting upon economic laws
Question # 4
Which characteristic is not found in economic laws
Question # 5
Word of economics has been derived from "Oikonomos" which is word of the language
Question # 6
Methods of deriving economic laws are
Question # 7
Who said that economics is neutural science ?
Question # 8
Behavior adopted on the basis of unlimited wants and limited means, is named
Question # 9
Who did write the book named "General theory of employment, interest and money"
Question # 10
Founder of Classical school of thought was:
Question # 11
Micro economics studies related to:
Question # 12
Which is not studied in macro economics ?
Question # 13
Laws which reflect religion of society
Question # 14
Factors of production are:
Question # 15
Who did say that Economics is science of material welfare
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 | Economic problem arises because human wants |
A. Are unlimited
B. Are limited
C. Do not exists
D. None of three
|
| 2 | 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
|
| 3 | In which punishment is not applicable for the disobedience, the laws are |
A. Moral laws
B. Laws of state
C. Political laws
D. Economic laws
|
| 4 | Founder of classical school of thought was |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 5 | Who said that economics has the place of intellectual religion |
A. Cannon
B. Pigou
C. Durban
D. Robbins
|
| 6 | Which is not studied in macro economics |
A. National income
B. Money and banking
C. Price theory
D. Public finance
|
| 7 | Economics is a science |
A. Political
B. Spiritual
C. Social
D. Scientific
|
| 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 | Which economist did name economics as neutral science |
A. Pigou
B. Keynes
C. Robbins
D. Marshall
|
| 10 | Who did say that Economics is science of material welfare |
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins
|
Test Questions
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