I.Com Part 1 Principles of Economics Chapter 1 Definition of Economics Short Question Preparation


11th Class Principles of Economics
Chapter 1 Definition of Economics Preparation

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11th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 1 "ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation "

Try The Short Questions For ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation

  • Total Questions10

  • Available Sets4

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Principles of Economics ( English Medium) - ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation

Question # 1

What is comprehensive definition of Economics ?

  • Ans 1: Comprehensive definition of Economics was given by Prof. J.M Keynes. According to him "Economics is a social science which is concerned with proper use and allocation of resources for achievement and maintenance of growth with stability and efficiency".
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Prepare Complete Set Wise Questions For Chapter 1 "ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation "

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 1

Question # 1

What is comprehensive definition of Economics ?

  • Ans 1: Comprehensive definition of Economics was given by Prof. J.M Keynes. According to him "Economics is a social science which is concerned with proper use and allocation of resources for achievement and maintenance of growth with stability and efficiency".
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 2

Question # 1

What is meant by ceteris paribus ?

  • Ans 1: Ceteris paribus is a Latin tern which means "other things being equal" or "other things remaining unchanged". It is also known as assumptions or conditions of the law.
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 3

Question # 1

What is production of wealth ?

  • Ans 1: Wealth can be produced with the help of four factors of production land, labour, capital and organization.
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 4

Question # 1

Define an Art.

  • Ans 1: The practical application of scientific principles is called an art. Science lays down certain principles while are puts these principles into practical use.
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11th Class Principles of Economics Chapter 1 Preparation

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