First Year Principles of Economics Chapter 1 Online MCQ Test for 1st Year Principles of Economics Chapter 1 (Definition of Economics)

This online test contains MCQs about following topics:

. Economics is a Science of wealth . Economics is a Science of Material Welfare . Economics is a Science of Scarcity and Choice . Coparison of the definitions of Marshall and Robbins . Scope of Economics . Subject matter of economics . Individual or collective behaviour . Question of likes or diklikes of wants| . Economics Law

ICOM Part 1 Economics Ch 1 Test
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MCQ's Test For Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test"

Try The MCQ's Test For Chapter 1 "Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test"

  • Total Questions15

  • Time Allowed20

Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test

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Question # 1

Study of small units of the economoy is known is:

Question # 2

Which laws are conditional

Question # 3

Economics is concerned with the attainment of material requisites

Question # 4

Micro economics studies related to:

Question # 5

The non-material activities which have the ability to satisfy human wants indirectly, are called

Question # 6

When after the observation and analysis of the conditions, they are stated as they are, is called

Question # 7

Who did write the book named "Principles of Economics" was written

Question # 8

According to Robbins, the basic concept of Economics is

Question # 9

Inductive method represents:

Question # 10

Who did name Economics as the science of mammon worship and dismal science

Question # 11

Who is father of economics

Question # 12

Meaning of Economics:

Question # 13

Who did say that Economics is science of material welfare

Question # 14

Deductive method of economic study.

Question # 15

Who said that economics is science of wealth

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11th Principle of Economics Chapter 1 Test

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ICom Part 1 Principles of Economics ( English Medium) Chapter 1 Important MCQ's

Sr.# Question Answer
1 To describe as it is, after seeing and analyzing any event, is known as
A. Normative science
B. Positive science
C. Biological science
D. For casting science
2 Who did write the book named "General theory of employment, interest and money"
A. Marshall
B. Pigou
C. Adam Smith
D. Keynes
3 The conditions which are essentially kept constant for the application of economic laws, are called
A. Changes
B. Assumptions
C. Limitations
D. Theories
4 Which characteristic is not found in economic laws
A. Not quantitative
B. Cannot be predicted
C. No punishment in case of going against law
D. Definite and universal
5 Who said that economics is positive science ?
A. Adam smith
B. Marshall
C. Robbins
D. Keynes
6 Methods of deriving economic laws are
A. Two
B. Three
C. Four
D. Five
7 Laws which reflect religion of society
A. Economic laws
B. State laws
C. Scientific laws
D. Moral laws
8 How many kinds are of positive economics
A. Two
B. Three
C. Four
D. Five
9 Meaning of Economics:
A. State management
B. Trade management
C. Household management
D. All of them
10 Study of large units of the economy is known as:
A. Micro economics
B. Macro ecnomics
C. Applied economics
D. All of them

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