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

Meaning of Economics:

Question # 2

Which economist did present the concept of macro economics

Question # 3

Which characteristic is not found in economic laws

Question # 4

The most clear and comprehensive definition of economics is given by

Question # 5

"The nature and significance of economic sciences" was written by:

Question # 6

Word of economics has been derived from "Oikonomos" which is word of the language

Question # 7

Who did give economics the status of positive science

Question # 8

The conditions which are essentially kept constant for the application of economic laws, are called

Question # 9

Writing of the same behavior of the people in particular arrangement and words is called

Question # 10

Which economist is called Aristotal of economics

Question # 11

In how many parts professor Adam smith divided his book "Wealth of nations"

Question # 12

Which statement is called subject matter of economics

Question # 13

Who did name Economics as the science of mammon worship and dismal science

Question # 14

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

Question # 15

Economics is basically divided into two parts

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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 Propounder of economics was
A. Robbins
B. Marshall
C. Adam smith
D. Keynes
2 Micro economics studies related to:
A. National income
B. Unemployment
C. Trade cycle
D. Consumers behaviour
3 Inductive method represents:
A. General to particular
B. Particular to general
C. Normative science
D. Economic planning
4 Who said that you can not become good citizen if you have no economist with you
A. Marshall
B. Pigou
C. Keynes
D. Voton
5 Who did write the book named "General theory of employment, interest and money
A. Robbins
B. Pigou
C. Keynes
D. Cannon
6 Who did give economics the status of positive science
A. Marshall
B. Robbins
C. Cannon
D. Pareto
7 How many are kinds of economics
A. Two
B. Three
C. Four
D. Five
8 Exact perdition not possible in:
A. Economic laws
B. Science laws
C. Moral laws
D. Social law
9 Study of small units of an economic system is called
A. Micro economics
B. Macro economics
C. Applied economics
D. All the three
10 Economic law are made by:
A. Govt.
B. Courts
C. Parliament
D. Behaviour of the people

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