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

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Question # 1

Inductive method represents:

Question # 2

Writing of the same behavior of the people in particular arrangement and words is called

Question # 3

Who did criticise the definition of Robbins

Question # 4

Who did introduce Macro Economics

Question # 5

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

Question # 6

Founder of modern school of thought:

Question # 7

In macro economics, what kind of problems can be discussed

Question # 8

Economic laws are

Question # 9

Deductive method of deriving economic laws

Question # 10

Who did write the book named "Nature and importance of economics"

Question # 11

How many are kinds of theoretical economics

Question # 12

How many kinds of science are

Question # 13

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

Question # 14

Who is the Founder of macro economics ?

Question # 15

Methods of deriving economic laws are

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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 Founder of neo-classical school of thought:
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
2 "The nature of significance economics sciences" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
3 Methods to derive economic laws:
A. One
B. Two
C. Three
D. Four
4 Who did name Economics as the science of mammon worship and dismal science
A. Marshall
B. Keynes
C. John Ruskin & Carlyle
D. Pigou
5 Deductive method of economic study.
A. Systematic
B. General to particular
C. Universal to particular
D. Both (b) and (c)
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 Economics is a science
A. Political
B. Spiritual
C. Social
D. Scientific
8 Who said that economics is positive science ?
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
9 The subject matter of Macro Economics is
A. Consumer's behavior
B. International trade
C. Firm's behavior
D. Price mechanism
10 Micro economics studies related to
A. National income
B. Unemployment
C. Trade cycle
D. Consumer's behavior

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