Question # 1

How many kinds of science are

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Two

Three

Four

Five

Points of Robbins definition are

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Two points

Four points

Economic points

Practical points

Study of small units of an economic system is called

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Micro economics

Macro economics

Applied economics

All the three

Who did name economics as science of satisfying unlimited wants with limited means

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Marshal

Adam Smith

Robbins

Pigou

Factors of production are:

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Two

Three

Four

Five

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

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1915

1932

1934

1937

Economic problem arises due to:

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Unlimited wants

Limited resources

Resources have alternative use

All of them

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

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Adam Smith

Marshall

Robbins

Canon

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

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Normative science

Positive science

Biological science

For casting science

How many are kinds of economics

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Two

Three

Four

Five

Who is father of economics

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Marshall

Malthus

Adam smith

Cannon

Economics is concerned with the attainment of material requisites

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Robbins

Marshall

Pareto

Senior

Who said that economics is positive science

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Adam Smith

Marshall

Robbins

Keynes

Who is called founder of modern school of thought

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Robbins

Cannon

Keynes

Malthus

Not acting upon economic laws

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One gets punishment

Economy faces loss

Only the people not acting, face loss

No one is influenced

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Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers

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