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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
Which book is named "Bible of Capitalism"
Question # 2
Micro economics studies related to:
Question # 3
Which laws are definite and universal
Question # 4
Who did separate economics from political science for the first time
Question # 5
Factors of production are:
Question # 6
According to Neo Classical economists, Economics is science of
Question # 7
Which one is not studied in micro economic
Question # 8
The whom individuals Marshal included in definition of economics
Question # 9
Who is called founder of modern school of thought
Question # 10
Which is not studied in macro economics
Question # 11
Exact perdition not possible in:
Question # 12
Which statement is called subject matter of economics
Question # 13
In which year the book named "Principles of Economics" was written
Question # 14
Who did write the book named "Nature and importance of economics"
Question # 15
How many are kinds of theoretical economics
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 -
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 -
A Arham Khan 09 - Jun - 2024 01 Min 35 Sec 13/15 -
L Lily 21 - Jan - 2026 02 Min 04 Sec 13/15 -
S Sania Butt 29 - May - 2024 02 Min 39 Sec 13/15 -
M Minahil Asif 04 - Jun - 2024 01 Min 33 Sec 12/15 -
Y Yahya Albalochi 01 - Nov - 2024 01 Min 44 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 -
A Arzoo Qaiser 29 - Jan - 2026 02 Min 51 Sec 11/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | Which is not studied in micro economics |
A. Theory of consumer behavior
B. Price theory
C. Theory of money
D. Theory of distribution of wealth
|
| 3 | "The nature of significance economics sciences" was written in: |
A. 1930
B. 1936
C. 1932
D. 1890
|
| 4 | Not acting upon economic laws |
A. One gets punishment
B. Economy faces loss
C. Only the people not acting, face loss
D. No one is influenced
|
| 5 | Study of large units of the economy is known as: |
A. Micro economics
B. Macro ecnomics
C. Applied economics
D. All of them
|
| 6 | Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ? |
A. Adam Smith
B. Marshall
C. Robbins
D. Canon
|
| 7 | To derive economic laws deductive method was adopted by |
A. Classical school of thought
B. Neo classical school of thought
C. Historical school of thought
D. Modern school of thought
|
| 8 | In macro economics, what kind of problems can be discussed |
A. International trade
B. Consumers behavior
C. Problems of a firm
D. Determination of price
|
| 9 | To derive economic laws inductive method was adopted by |
A. Classical school of thought
B. Neo classical school of thought
C. Historical school of thought
D. Modern school of thought
|
| 10 | Economic problem arises because human wants |
A. Are unlimited
B. Are limited
C. Do not exists
D. None of three
|
Test Questions
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