11th Principle of Economics Chapter 1 Test

Here you can prepare 11th Principle of Economics English Medium Chapter 1 Definition of Economics Test. Click the button for 100% free full practice test.

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

Sr. # Questions Answers Choice
1 Who did write the book named "Nature and importance of economics"
  • A. Adam smith
  • B. Marshall
  • C. Robbins
  • D. Keynes
2 The most clear and comprehensive definition of economics is given by
  • A. Adam Smith
  • B. Alfred Marshall
  • C. Robbins
  • D. A.C. Pigou
3 Who did name economics as science of satisfying unlimited wants with limited means
  • A. Marshal
  • B. Adam Smith
  • C. Robbins
  • D. Pigou
4 Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?
  • A. Adam Smith
  • B. Marshall
  • C. Robbins
  • D. Canon
5 Methods to derive economic laws:
  • A. One
  • B. Two
  • C. Three
  • D. Four
6 Economics studies human behaviour from
  • A. Individual angle
  • B. Collective angle
  • C. Individual & Collective angle
  • D. None
7 Which statement is called subject matter of economics
  • A. Problems of working individuals and their solution
  • B. Planning of increase in production
  • C. Unlimited wants and limited means
  • D. Solution of problems of the individuals living away from the society
8 Who said that economics has the place of intellectual religion
  • A. Cannon
  • B. Pigou
  • C. Durban
  • D. Robbins
9 Who did write the book named "Principles of Economics" was written
  • A. Adam smith
  • B. Marshall
  • C. Robbins
  • D. Cannon
10 Which one is not studied in micro economic
  • A. National income
  • B. Consumer behavior
  • C. Market equilibrium
  • D. Firm's equilibrium

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

Y

Yahya Albalochi

Lahore01 - Nov - 2024

12/15
01 Mins 44 Sec
M

Mehwish Mughal

Lahore01 - Nov - 2024

12/15
03 Mins 10 Sec
N

Nabeeha Khan

Lahore04 - Dec - 2024

11/15
02 Mins 30 Sec
M

Musa Amir

Lahore13 - Dec - 2024

10/15
01 Mins 50 Sec
M

Muhammad Naseem

Lahore15 - Nov - 2024

10/15
03 Mins 04 Sec
H

Humera Malik

Lahore15 - Dec - 2024

10/15
11 Mins 47 Sec

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