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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Methods of deriving economic laws are
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Two
Three
Four
Five
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Question # 2
"The nature of significance economics sciences" was written in:
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1930
1936
1932
1890
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Question # 3
Points of Robbins definition are
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Two points
Four points
Economic points
Practical points
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Question # 4
Economics is basically divided into two parts
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Micro and macro economics
Micro and applied economics
Theoretical and applied economics
Welfare and applied economics
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Question # 5
Who said that economics is positive science
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Adam Smith
Marshall
Robbins
Keynes
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Question # 6
Who said that economics is neutural science ?
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Pigou
Keynes
Robbins
Marshall
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Question # 7
Founder of neo-classical school of thought:
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Adam Smith
Marshall
Robbins
Keynes
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Question # 8
Which one is not studied in micro economic
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National income
Consumer behavior
Market equilibrium
Firm's equilibrium
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Question # 9
Economic problem arises due to:
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Unlimited wants
Limited resources
Resources have alternative use
All of them
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Question # 10
When was professor Robbins book "Nature and importance of economics" written
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1915
1932
1934
1937
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Question # 11
Propounder of economics was
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Robbins
Marshall
Adam smith
Keynes
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Question # 12
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 # 13
Laws cannot be predicted
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Scientific laws
Moral laws
Economic laws
Natural laws
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Question # 14
Who is father of economics
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Marshall
Malthus
Adam smith
Cannon
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Question # 15
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 # 16
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
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