Question # 1

According to Neo Classical economists, Economics is science of

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Scarcity of means

Material welfare

Wealth

Unlimited wants

In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written

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1696

1776

1803

1825

"Principles of Economics" was written in:

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1776

1890

1932

1930

Who did write the book named "General theory of employment, interest and money

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Robbins

Pigou

Keynes

Cannon

To which area of England Adam Smith belonged

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Wales

Scotland

Ireland

London

Which economist introduced economics as a science for the first time

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Adam Smith

Robbins

Marshall

Pigou

Which side of life of human being is analysed in economics

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Political

Social

Economic

Moral

Founder of classical school of thought was

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Adam smith

Marshall

Robbins

Keynes

In which kind of economics, aggregate behaviors of the economy are reviewed

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Theoretical

Applied

Micro

Macro

The goods which are directly consumed by the human-being, are called

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Consumer goods

Capital goods

Industrial goods

None of the three

Ceteris paribus means:

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Other things remain the same

Assumptions of the law

Conditions of the law

All of them

Study of small units of the economoy is known is:

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Micro economics

Macro economics

Applied economics

All of them

How many kinds of science are

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Two

Three

Four

Five

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

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1915

1932

1934

1937

Who said that economics is positive science

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Adam Smith

Marshall

Robbins

Keynes

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

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Adam Smith

Robbins

Keynes

Pigou

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

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