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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Economics is a science
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Political
Spiritual
Social
Scientific
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Question # 2
Inductive method of deriving economic laws
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We move from general conditions to particulars conditions
We move from particular conditions to general conditions
Facts are stated in simple and easy way
Stated in general way
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Question # 3
Study of large units of the economy is known as:
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Micro economics
Macro ecnomics
Applied economics
All of them
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Question # 4
Economic laws are:
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Definite and universal
Conditional
Moral
Political
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Question # 5
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
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Question # 6
Which economist is called Aristotal of economics
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Marshall
Keynes
Adam Smith
Malthus
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Question # 7
The non-material activities which have the ability to satisfy human wants indirectly, are called
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Goods
Services
Satisfaction
None of the three
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Question # 8
New classical economist is
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Robbins
Malthus
Marshall
Adam Smith
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Question # 9
Deductive method of deriving economic laws
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We move from general conditions to particular conditions
We move from particular conditions to general conditions
Stated in general way
Different incidents are kept in view
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Question # 10
Which book is named "Bible of Capitalism"
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Wealth of nations
Das capital
Principles of economics
General theory of employment, interest and money
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Question # 11
Which is not studied in micro economics
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Theory of consumer behavior
Price theory
Theory of money
Theory of distribution of wealth
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Question # 12
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 # 13
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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Question # 14
Who said that economics is normative science ?
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Keynes
Robbins
Marshall
Rocher
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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
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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