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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Study of small units of an economic system is called
Choose an answer
Micro economics
Macro economics
Applied economics
All the three
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Question # 2
Who said that economics is positive science
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Adam Smith
Marshall
Robbins
Keynes
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Question # 3
Who said that you can not become good citizen if you have no economist with you
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Marshall
Pigou
Keynes
Voton
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Question # 4
Which characteristic is not found in economic laws
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Not quantitative
Cannot be predicted
No punishment in case of going against law
Definite and universal
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Question # 5
Which book is named "Bible of Capitalism"
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Wealth of nations
Das capital
Principles of economics
General theory of employment, interest and money
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Question # 6
The whom individuals Marshal included in definition of economics
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Service of teachers
People living in forests
Trading professionals
People living in caves
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Question # 7
"General theory of employment, interest and money" was written by:
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Robbins
Pigou
Keynes
Canon
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Question # 8
Who said that economics has the place of intellectual religion
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Cannon
Pigou
Durban
Robbins
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Question # 9
Founder of classical school of thought was
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Adam smith
Marshall
Robbins
Keynes
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Question # 10
Meaning of Economics:
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State management
Trade management
Household management
All of them
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Question # 11
Who did criticise the definition of Robbins
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Marshall
J.B. Clark
Beveridge
Pigou
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Question # 12
Study of small units of the economoy is known is:
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Micro economics
Macro economics
Applied economics
All of them
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Question # 13
Who did name economics as science of satisfying unlimited wants with limited means
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Marshal
Adam Smith
Robbins
Pigou
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Question # 14
Who did write the book named "Principles of Economics" was written
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Adam smith
Marshall
Robbins
Cannon
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Question # 15
Economics is a science:
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Political
Spiritual
Social
Scientific
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Question # 16
New classical economist is
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Robbins
Malthus
Marshall
Adam Smith
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