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 Deductive method of economic study.
  • A. Systematic
  • B. General to particular
  • C. Universal to particular
  • D. Both (b) and (c)
2 Which laws are framed by parliament
  • A. State laws
  • B. Moral laws
  • C. Economic laws
  • D. Scientific laws
3 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
4 Economic law are made by:
  • A. Govt.
  • B. Courts
  • C. Parliament
  • D. Behaviour of the people
5 Who said that economics is the science of wealth ?
  • A. Adam Smith
  • B. Robbins
  • C. Marshall
  • D. Pigou
6 Study of small units of the economoy is known is:
  • A. Micro economics
  • B. Macro economics
  • C. Applied economics
  • D. All of them
7 Who is the Founder of macro economics ?
  • A. Marshall
  • B. Malthus
  • C. Adam smith
  • D. Keynes
8 In which year the book named "Principles of Economics" was written
  • A. 1805
  • B. 1890
  • C. 1903
  • D. 1915
9 State laws are of
  • A. Regional nature
  • B. Country nature
  • C. International nature
  • D. Non of three
10 To derive economic laws inductive method was adopted by
  • A. Classical school of thought
  • B. Neo classical school of thought
  • C. Historical school of thought
  • D. Modern school of thought

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
S

Shayan Tanveer

Lahore19 - Oct - 2024

9/15
16 Mins 34 Sec
F

Flames Love

Lahore07 - Oct - 2024

8/15
02 Mins 37 Sec

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