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"

  • Total Questions15

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

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Question # 1

Which characteristic is not found in economic laws

Question # 2

Economic laws are

Question # 3

Which is not studied in macro economics

Question # 4

Who did write the book named "Principles of Economics" was written

Question # 5

Who said that economics is the science of wealth ?

Question # 6

In which year the book named "Principles of Economics" was written

Question # 7

Economics studies human behaviour from

Question # 8

To derive economic laws deductive method was adopted by

Question # 9

The goods which are directly consumed by the human-being, are called

Question # 10

Ceteris paribus means:

Question # 11

The conditions which are essentially kept constant for the application of economic laws, are called

Question # 12

Inductive method represents:

Question # 13

Who did name economics as science of satisfying unlimited wants with limited means

Question # 14

Who did give economics the status of positive science

Question # 15

Which is not studied in micro economics ?

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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 Who did write the book named "Nature and importance of economics"
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
2 Who did write the book named "General theory of employment, interest and money"
A. Marshall
B. Pigou
C. Adam Smith
D. Keynes
3 In which kind of economics, aggregate behaviors of the economy are reviewed
A. Theoretical
B. Applied
C. Micro
D. Macro
4 Deductive method of economic study.
A. Systematic
B. General to particular
C. Universal to particular
D. Both (b) and (c)
5 Economics is a science:
A. Political
B. Spiritual
C. Social
D. Scientific
6 Study of small units of an economic system is called
A. Micro economics
B. Macro economics
C. Applied economics
D. All the three
7 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
8 Economic point of view of the supporters of which school of thought is the name of feeling and mental state
A. Classical
B. Neo classical
C. Ancient
D. Modern
9 Who is the Founder of macro economics ?
A. Marshall
B. Malthus
C. Adam smith
D. Keynes
10 "General theory of employment, interest and money" was written in:
A. 1930
B. 1936
C. 1932
D. 1890

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