Question # 1

Ceteris paribus means:

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Other things remain the same

Assumptions of the law

Conditions of the law

All of them

According to Marshall, Economics is

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Social Science

Correcting science

Positive science

Moral science

According to Neo Classical economists, Economics is science of

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Scarcity of means

Material welfare

Wealth

Unlimited wants

Which one is not studied in micro economic

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National income

Consumer behavior

Market equilibrium

Firm's equilibrium

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

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Adam Smith

Robbins

Keynes

Pigou

Are included in welfare economist

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Ricardo and J.S. Mill

Robbins and Keynes

Cannon and Pigou

Malthus and Keynes

Who said that economics is neutural science ?

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Pigou

Keynes

Robbins

Marshall

To derive economic laws inductive 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

According to Robbins, the basic concept of Economics is

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Political problem

Economic problem

Psychological problem

Religious problem

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

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1915

1932

1934

1937

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

Which laws are definite and universal

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Economic laws

Moral laws

State laws

Scientific laws

Marshall belonged to the country

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America

England

France

Japan

Which economist is called Aristotal of economics

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Marshall

Keynes

Adam Smith

Malthus

Inductive method represents:

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General to particular

Particular to general

Normative science

Economic planning

Study of small units of an economic system is called

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Micro economics

Macro economics

Applied economics

All the three

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

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