Question # 1

Meaning of Economics:

Choose an answer

State management

Trade management

Household management

All of them

Walker, senior and Malthus belonged to school of thought

Choose an answer

Classical

Neo classical

Keynesian

None of these

How many are kinds of economics

Choose an answer

Two

Three

Four

Five

Deductive method of economic study.

Choose an answer

Systematic

General to particular

Universal to particular

Both (b) and (c)

Adam Smith belongs to:

Choose an answer

Poland

Scotland

Ireland

Holland

Who did write the book named "An enquiry into the nature and causes of the wealth of nations"

Choose an answer

Adam smith

Marshall

Robbins

Canon

Who said that economics is the science of material welfare ?

Choose an answer

Adam smith

Marshall

Ricardo

Robbins

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

Choose an answer

Changes

Assumptions

Limitations

Theories

Who did criticise the definition of Robbins

Choose an answer

Marshall

J.B. Clark

Beveridge

Pigou

Who did write the book named "Principles of Economics" was written

Choose an answer

Adam smith

Marshall

Robbins

Cannon

Ceteris paribus means:

Choose an answer

Other things remain the same

Assumptions of the law

Conditions of the law

All of them

In which year the book named "Principles of Economics" was written

Choose an answer

1805

1890

1903

1915

Which one is not studied in micro economic

Choose an answer

National income

Consumer behavior

Market equilibrium

Firm's equilibrium

Factors of production are:

Choose an answer

Two

Three

Four

Five

To which area of England Adam Smith belonged

Choose an answer

Wales

Scotland

Ireland

London

Study of large units of the economy is known as:

Choose an answer

Micro economics

Macro ecnomics

Applied economics

All of them

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer