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

Which one is not included in macro economics

Question # 2

Which one is not studied in micro economic

Question # 3

Economic problem arises due to:

Question # 4

Founder of modern school of thought:

Question # 5

Are included in welfare economist

Question # 6

How many are kinds of theoretical economics

Question # 7

Laws which reflect religion of society

Question # 8

How many kinds of science are

Question # 9

Founder of classical school of thought was

Question # 10

New classical economist is

Question # 11

Micro economics related to

Question # 12

Study of small units of the economoy is known is:

Question # 13

Marshall belonged to the country

Question # 14

Economics studies human behaviour from

Question # 15

Who said that economics is normative science ?

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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 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
2 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
3 Study of small units of the economoy is known is:
A. Micro economics
B. Macro economics
C. Applied economics
D. All of them
4 In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written
A. 1696
B. 1776
C. 1803
D. 1825
5 Economics studies human behaviour from
A. Individual angle
B. Collective angle
C. Individual & Collective angle
D. None
6 Behavior adopted on the basis of unlimited wants and limited means, is named
A. Science
B. Art
C. Economics
D. Struggle
7 The most clear and comprehensive definition of economics is given by
A. Adam Smith
B. Alfred Marshall
C. Robbins
D. A.C. Pigou
8 Who is the Founder of macro economics ?
A. Marshall
B. Malthus
C. Adam smith
D. Keynes
9 Who did separate economics from political science for the first time
A. Marshall
B. Malthus
C. Adam smith
D. Ricardo
10 In which year the book named "Principles of Economics" was written
A. 1805
B. 1890
C. 1903
D. 1915

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