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"

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

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Question # 1

Micro economics studies related to:

Question # 2

Who did write the book named "An enquiry into the nature and causes of the wealth of nations"

Question # 3

Economics according to its scope is:

Question # 4

Study of small units of an economic system is called

Question # 5

Which economist said that, economics cannot be separated from spiritual values?

Question # 6

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

Question # 7

When was professor Robbins book "Nature and importance of economics" written

Question # 8

Who did say that Economics is science of material welfare

Question # 9

To describe as it is, after seeing and analyzing any event, is known as

Question # 10

Which economist is called Aristotal of economics

Question # 11

Who said that economics is science of wealth

Question # 12

Economic point of view of the supporters of which school of thought is the name of feeling and mental state

Question # 13

Propounder of economics was

Question # 14

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

Question # 15

Study of large aggregated of economic system is called

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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 "Principles of Economics" was written in:
A. 1776
B. 1890
C. 1932
D. 1930
2 Methods to derive economic laws:
A. One
B. Two
C. Three
D. Four
3 Who said that economics is normative science ?
A. Keynes
B. Robbins
C. Marshall
D. Rocher
4 Which is not studied in macro economics
A. National income
B. Money and banking
C. Price theory
D. Public finance
5 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
6 In macro economics, what kind of problems can be discussed
A. International trade
B. Consumers behavior
C. Problems of a firm
D. Determination of price
7 Who said that you can not become good citizen if you have no economist with you
A. Marshall
B. Pigou
C. Keynes
D. Voton
8 "The nature of significance economics sciences" was written in:
A. 1930
B. 1936
C. 1932
D. 1890
9 The science in which conditions and incidents are checked from a particular point of view, is called
A. Positive science
B. Normative science
C. Social science
D. All of three
10 Meaning of Economics:
A. State management
B. Trade management
C. Household management
D. All of them

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