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"

Try The MCQ's Test For Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test"

  • Total Questions15

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

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Question # 1

Who did write the book named "Principles of Economics" was written

Question # 2

Which is not studied in macro economics ?

Question # 3

In macro economics, what kind of problems can be discussed

Question # 4

Study of large units of the economy is known as:

Question # 5

In which year Kenyens wrote his book "General theory of employment, interest and money

Question # 6

Study of small units of the economoy is known is:

Question # 7

Which is not studied in micro economics

Question # 8

Inductive method of deriving economic laws

Question # 9

Micro economics studies related to

Question # 10

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

Question # 11

Study of large aggregated of economic system is called

Question # 12

Who is father of economics

Question # 13

Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?

Question # 14

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

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 How many kinds of science are
A. Two
B. Three
C. Four
D. Five
2 Ceteris paribus means:
A. Other things remain the same
B. Assumptions of the law
C. Conditions of the law
D. All of them
3 In which year Kenyens wrote his book "General theory of employment, interest and money
A. 1929
B. 1931
C. 1934
D. 1936
4 Founder of neo-classical school of thought:
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
5 According to Robbins, the basic concept of Economics is
A. Political problem
B. Economic problem
C. Psychological problem
D. Religious problem
6 The goods which are directly consumed by the human-being, are called
A. Consumer goods
B. Capital goods
C. Industrial goods
D. None of the three
7 According to Marshall, Economics is
A. Social Science
B. Correcting science
C. Positive science
D. Moral science
8 Who said that economics is science of wealth
A. Adam smith
B. Robbins
C. Marshall
D. Pigou
9 Which economist did name economics as neutral science
A. Pigou
B. Keynes
C. Robbins
D. Marshall
10 Who said that economics is the science of material welfare ?
A. Adam smith
B. Marshall
C. Ricardo
D. Robbins

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