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This online test contains MCQs about following topics:
Human Wants,Utility,Scarcity,Defination By Adam Smith,Marshall and Robbins,Modern View of Economics ,Comparison of Defination , Methods of Economics ,Economics Theory, Economic Principle ,Policy Economics , Micro Vs Macroeconomics ,Economics Laws Deductive and Inductive Methods
MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Marshall wrote the book
Question # 2
Scarcity means
Question # 3
Scarcity exists
Question # 4
Macro economics deals with
Question # 5
Select the correct statement
Question # 6
Marshall is his definition of economics
Question # 7
Economics theory means
Question # 8
Economics laws are
Question # 9
One of the following is not studied in Micro economics.
Question # 10
Economics problems arise because of
Question # 11
Robbins definition of economics spell out the existence of
Question # 12
Who was the exponent of welfare economics.
Question # 13
Wealth of Nations was written in
Question # 14
Who said that "Economics is a science of human welfare"
Question # 15
Who was the founder of classical school of thought?
Question # 16
Adam smith was a
Question # 17
Micro economics concentrates
Question # 18
A positive statement
Question # 19
Economics laws are:
Question # 20
Economics
ICS Part 1 Economics Chapter 1 MCQs Test
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ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Who was the founder of classical school of thought? |
A. Adam Smith
B. Marshall
C. Keynes
D. Maithus
|
| 2 | Validity of economics theories can never be proved with 100 percent certainty, because |
A. ceteris paribus clause
B. limited number of observation is possible
C. very large number of economic theories proved false in the past
D. b and c
|
| 3 | Who said that "Economics is a science of human welfare" |
A. Adam Smith
B. Carlyle and Ruskin
C. Alfred Marshall
D. Malthus
|
| 4 | Father of the political economy |
A. Adam smith
B. Malthus
C. Marshall
D. Samuelson
|
| 5 | Wants are unlimited for: |
A. Poor person
B. Rich person
C. All persons
D. None of them
|
| 6 | Everyone should study economics is a |
A. positive statement
B. normative statement
C. true statement
D. nonsense
|
| 7 | Wealth of Nations was written by |
A. Adam Smith
B. Malthus
C. Marshall
D. Newton
|
| 8 | Robbins definition of economics spell out the existence of |
A. Economics problem
B. Social problem
C. Political problem
D. Moral problem
|
| 9 | In economics, assumptions |
A. make economics theory useless
B. mean other things equal
C. enable economics to simplify reality
D. used in micro and not in macroeconomics
|
| 10 | In which year Alfred Marshall wrote a book entitled "Principle of economics" |
A. 1850
B. 190
C. 1870
D. 1890
|
Test Questions