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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Economic problem arises due to:
Choose an answer
Unlimited wants
Limited resources
Resources have alternative use
All of them
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Question # 2
How many kinds are of positive economics
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Two
Three
Four
Five
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Question # 3
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 # 4
Economics is a science which studies.
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Production of wealth only
Consumption of wealth only
Optimum use of scare resources
Welfare only
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Question # 5
The science in which conditions and incidents are checked from a particular point of view, is called
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Positive science
Normative science
Social science
All of three
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Question # 6
Behavior adopted on the basis of unlimited wants and limited means, is named
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Science
Art
Economics
Struggle
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Question # 7
Economics is a science
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Political
Spiritual
Social
Scientific
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Question # 8
Economic laws are:
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Definite and universal
Conditional
Moral
Political
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Question # 9
Who did write the book named "An enquiry into the nature and causes of the wealth of nations"
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Adam smith
Marshall
Robbins
Canon
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Question # 10
How many are kinds of theoretical economics
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Two
Three
Four
Five
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Question # 11
In which year Kenyens wrote his book "General theory of employment, interest and money
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1929
1931
1934
1936
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Question # 12
Walker, senior and Malthus belonged to school of thought
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Classical
Neo classical
Keynesian
None of these
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Question # 13
Who said that economics is science of wealth
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Adam smith
Robbins
Marshall
Pigou
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Question # 14
In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written
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1696
1776
1803
1825
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Question # 15
Are included in welfare economist
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Ricardo and J.S. Mill
Robbins and Keynes
Cannon and Pigou
Malthus and Keynes
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Question # 16
Which economist said that, economics cannot be separated from spiritual values?
Choose an answer
Marshall
Robbins
Adam smith
Voton
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