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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
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Question # 1
Who said that economics is positive science ?
Question # 2
"General theory of employment, interest and money" was written by:
Question # 3
Methods to derive economic laws:
Question # 4
Who said that economics is the science of wealth ?
Question # 5
Founder of neo-classical school of thought:
Question # 6
Inductive method represents:
Question # 7
"Principles of Economics" was written by.
Question # 8
In how many parts professor Adam smith divided his book "Wealth of nations"
Question # 9
Who said that economics is science of unlimited wants and limited means
Question # 10
Study of small units of an economic system is called
Question # 11
Deductive method of economic study.
Question # 12
Who said that economics is normative science ?
Question # 13
Who did separate economics from political science for the first time
Question # 14
Points of Robbins definition are
Question # 15
Who said that economics is positive science
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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M Musa Aziz 07 - May - 2026 01 Min 28 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 -
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H HarFar 20 - Jul - 2024 02 Min 10 Sec 14/15 -
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A Arham Khan 09 - Jun - 2024 01 Min 35 Sec 13/15 -
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A Abubaker 06 - Mar - 2026 02 Min 45 Sec 12/15 -
M Mehwish Mughal 01 - Nov - 2024 03 Min 10 Sec 12/15 -
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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 | 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
|
| 2 | Economics studies human behaviour from |
A. Individual angle
B. Collective angle
C. Individual & Collective angle
D. None
|
| 3 | Factors of production are: |
A. Two
B. Three
C. Four
D. Five
|
| 4 | Inductive method of deriving economic laws |
A. We move from general conditions to particulars conditions
B. We move from particular conditions to general conditions
C. Facts are stated in simple and easy way
D. Stated in general way
|
| 5 | The subject matter of Macro Economics is |
A. Consumer's behavior
B. International trade
C. Firm's behavior
D. Price mechanism
|
| 6 | Founder of neo-classical school of thought: |
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
|
| 7 | 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
|
| 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 | Study of large aggregated of economic system is called |
A. Micro economics
B. Macro economics
C. Applied economics
D. All the three
|
| 10 | Who did write the book named "An enquiry into the nature and causes of the wealth of nations" |
A. Adam smith
B. Marshall
C. Robbins
D. Canon
|
Test Questions