Question # 1

Which side of life of human being is analysed in economics

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Political

Social

Economic

Moral

Economics according to its scope is

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Science

Art

Science & Art

Only positive science

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

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Changes

Assumptions

Limitations

Theories

How many are kinds of economics

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Two

Three

Four

Five

Who is the Founder of macro economics ?

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Marshall

Malthus

Adam smith

Keynes

Which statement is called subject matter of economics

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Problems of working individuals and their solution

Planning of increase in production

Unlimited wants and limited means

Solution of problems of the individuals living away from the society

Who did separate economics from political science for the first time

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Marshall

Malthus

Adam smith

Ricardo

Propounder of economics was

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Robbins

Marshall

Adam smith

Keynes

Which economist said that abundance of definitions has pressed the neck of economics

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Adam Smith

Robbins

Keynes

Pigou

Marshall belonged to the country

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America

England

France

Japan

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

Economic problem arises because human wants

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Are unlimited

Are limited

Do not exists

None of three

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

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1915

1932

1934

1937

To derive economic laws deductive method was adopted by

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Classical school of thought

Neo classical school of thought

Historical school of thought

Modern school of thought

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

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Moral laws

Laws of state

Political laws

Economic laws

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

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Adam smith

Marshall

Robbins

Canon

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

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