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"

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  • Total Questions15

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

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Question # 1

Micro economics studies related to

Question # 2

Adam Smith belongs to:

Question # 3

In which punishment is not applicable for the disobedience, the laws are

Question # 4

How many are kinds of economics

Question # 5

Which economist introduced economics as a science for the first time

Question # 6

Laws cannot be predicted

Question # 7

Economics is a science which studies.

Question # 8

Who said that economics is science of unlimited wants and limited means

Question # 9

Who did criticise the definition of Robbins

Question # 10

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

Question # 11

Methods of deriving economic laws are

Question # 12

Behavior adopted on the basis of unlimited wants and limited means, is named

Question # 13

Laws which reflect religion of society

Question # 14

Propounder of economics was

Question # 15

Who did separate economics from political science for the first time

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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 give economics the status of positive science
A. Marshall
B. Robbins
C. Cannon
D. Pareto
2 Of what nature state laws are
A. Local
B. Regional
C. National
D. International
3 Marshall belonged to the country
A. America
B. England
C. France
D. Japan
4 Economics is a science:
A. Political
B. Spiritual
C. Social
D. Scientific
5 Who said that economics is positive science ?
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
6 Micro economics related to
A. International trade
B. Behavior of firm
C. National income
D. Personal income
7 "The nature of significance economics sciences" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
8 Who did criticise the definition of Robbins
A. Marshall
B. J.B. Clark
C. Beveridge
D. Pigou
9 "General theory of employment, interest and money" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
10 Laws which reflect religion of society
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws

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