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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 did write the book named "General theory of employment, interest and money"
Question # 2
Which laws are framed by parliament
Question # 3
Which economist said that abundance of definitions has pressed the neck of economics
Question # 4
Who did say that Economics is science of material welfare
Question # 5
Who did criticise the definition of Robbins
Question # 6
In which punishment is not applicable for the disobedience, the laws are
Question # 7
Which book is named "Bible of Capitalism"
Question # 8
Walker, senior and Malthus belonged to school of thought
Question # 9
Which economist said that, economics cannot be separated from spiritual values?
Question # 10
Who said that economics has the place of intellectual religion
Question # 11
According to Robbins, the basic concept of Economics is
Question # 12
Who did write the book named "Principles of Economics" was written
Question # 13
Founder of neo-classical school of thought:
Question # 14
Deductive method of deriving economic laws
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.
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M Musa Aziz 07 - May - 2026 01 Min 28 Sec 15/15 -
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ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | How many kinds of science are |
A. Two
B. Three
C. Four
D. Five
|
| 2 | Points of Robbins definition are |
A. Two points
B. Four points
C. Economic points
D. Practical points
|
| 3 | Study of large units of the economy is known as: |
A. Micro economics
B. Macro ecnomics
C. Applied economics
D. All of them
|
| 4 | Deductive method of deriving economic laws |
A. We move from general conditions to particular conditions
B. We move from particular conditions to general conditions
C. Stated in general way
D. Different incidents are kept in view
|
| 5 | Who said that you can not become good citizen if you have no economist with you |
A. Marshall
B. Pigou
C. Keynes
D. Voton
|
| 6 | Who did introduce Macro Economics |
A. Marshall
B. N.W. Senior
C. J.M. Keynes
D. Ricardo
|
| 7 | Founder of Classical school of thought was: |
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
|
| 8 | Ceteris paribus means: |
A. Other things remain the same
B. Assumptions of the law
C. Conditions of the law
D. All of them
|
| 9 | Behavior adopted on the basis of unlimited wants and limited means, is named |
A. Science
B. Art
C. Economics
D. Struggle
|
| 10 | Economics studies human behaviour from |
A. Individual angle
B. Collective angle
C. Individual & Collective angle
D. None
|
Test Questions