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

List down merits of Robbins' definition of economics.

  • Ans 1: 1. Its is comprehensive and clear.
    2. More scientific
    3. Universal application.
    4. Wider scope.
    5. It is neutral.
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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

List down merits of Robbins' definition of economics.

  • Ans 1: 1. Its is comprehensive and clear.
    2. More scientific
    3. Universal application.
    4. Wider scope.
    5. It is neutral.
Submit

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 2

Question # 1

Write any five characteristics of economic laws ?

  • Ans 1: 1. Economic laws are conditional
    2. Economics laws are not definite and exact.
    3. Unpredictable.
    4. Cannot be tested in laboratory.
    5. Economic laws are optional.
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 3

Question # 1

List down demerits of Marshall's definition of economics.

  • Ans 1: 1. It does not cover all economic problems
    2. The idea of welfare is not clear
    3. Non-measurable concept
    4. Classificatory definition
    5. Problems of liking and disliking arises.
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 4

Question # 1

What is exchange of wealth ?

  • Ans 1: When wealth passes from one person to another person or it transfers from one country to another country, is known as exchange of wealth.
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11th Class Principles of Economics Chapter 1 Preparation