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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
"The nature and significance of economic sciences" was written by:
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Adam smith
Marshall
Robbins
Canon
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Question # 2
Deductive method of economic study.
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Systematic
General to particular
Universal to particular
Both (b) and (c)
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Question # 3
Marshall belonged to the country
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America
England
France
Japan
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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
Founder of neo-classical school of thought:
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Adam Smith
Marshall
Robbins
Keynes
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Question # 6
Exact perdition not possible in:
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Economic laws
Science laws
Moral laws
Social law
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Question # 7
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 # 8
Who did introduce Macro Economics
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Marshall
N.W. Senior
J.M. Keynes
Ricardo
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Question # 9
Which economist did present the concept of macro economics
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Adam Smith
Marshall
Pigou
Keynes
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Question # 10
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 # 11
Inductive method represents:
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General to particular
Particular to general
Normative science
Economic planning
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Question # 12
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 # 13
To describe as it is, after seeing and analyzing any event, is known as
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Normative science
Positive science
Biological science
For casting science
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Question # 14
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 # 15
Study of small units of the economoy is known is:
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Micro economics
Macro economics
Applied economics
All of them
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Question # 16
Who said that you can not become good citizen if you have no economist with you
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Marshall
Pigou
Keynes
Voton
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