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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Economic laws are
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Definite and universal
Of Conditional nature
Of moral nature
Of political nature
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Question # 2
Inductive method represents:
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General to particular
Particular to general
Normative science
Economic planning
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Question # 3
In which kind of economics, aggregate behaviors of the economy are reviewed
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Theoretical
Applied
Micro
Macro
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Question # 4
How many are kinds of economics
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Two
Three
Four
Five
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Question # 5
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 # 6
"General theory of employment, interest and money" was written by:
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Robbins
Pigou
Keynes
Canon
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Question # 7
Economic laws are:
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Definite and universal
Conditional
Moral
Political
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Question # 8
How many are kinds of theoretical economics
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Two
Three
Four
Five
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Question # 9
According to Marshall, Economics is
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Social Science
Correcting science
Positive science
Moral science
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Question # 10
The most clear and comprehensive definition of economics is given by
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Adam Smith
Alfred Marshall
Robbins
A.C. Pigou
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Question # 11
Which laws are definite and universal
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Economic laws
Moral laws
State laws
Scientific laws
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Question # 12
Who did criticise the definition of Robbins
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Marshall
J.B. Clark
Beveridge
Pigou
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Question # 13
In how many parts professor Adam smith divided his book "Wealth of nations"
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Two
Three
Four
Five
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Question # 14
New classical economist is
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Robbins
Malthus
Marshall
Adam Smith
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Question # 15
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 # 16
Who said that economics is positive science ?
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Adam smith
Marshall
Robbins
Keynes
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